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Category: FINANCE

Posted on 17/10/2022

China’s yuan eases, losses capped by state bank actions

China's yuan eased against the dollar on Monday, but the size of the losses were capped as major state banks have increased their intervention in the markets to stabilise the local currency. State ... ( read original story ...)

Posted on 17/10/2022

China c.bank rolls over policy loans to maintain liquidity, keeps rate unchanged

China's central bank rolled over maturing medium-term policy loans while keeping the interest rate unchanged for a second month on Monday, reinforcing expectations that conditions will continue to ... ( read original story ...)

Posted on 17/10/2022

China Central Bank Has Policy Tools to Guide Yuan Expectations – Ex-PBOC Official

China's central bank still has many policy tools to guide yuan expectations and the currency is unlikely to have persistent sharp depreciation, a former People's Bank of China (PBOC) official said. ( read original story ...)

Posted on 17/10/2022

China central bank rolls over policy loans for liquidity, keeps rate unchanged

China's central bank rolled over maturing medium-term policy loans while keeping the interest rate unchanged for a second month on Monday, largely in line with market expectations.The People's Bank of ... ( read original story ...)

Posted on 16/10/2022

Chinese PV Industry Brief: Canadian Solar suspended Shanghai IPO

Canadian Solar was suspended IPO plans to list shares in Shanghai by authority, while polysilicon supplier GCL Tech revealed plans to move from the Hong Kong Stock Exchange to either the Shanghai or ... ( read original story ...)

Posted on 16/10/2022

China’s Stock Mkts Closed Updates: SSE Index +1.84%, SZSE Index +2.81%, HSI +1.21%, total trading amount to USD 146 bln

Shanghai Composite Index closed at 3,071.99, up 1.84%, Shenzhen Component Index finished at 11,121.72, up 2.81%, the Hang Seng Index closed at 16,587.69, up 1.21%. The trading volume for three ... ( read original story ...)

Posted on 15/10/2022

Russians lose access to some banking services in Hong Kong due to Western sanctions over Ukraine

HSBC sends out letter, seen by Post, saying lender unable to provide investment services to Russian nationals who are not European Union residents While HKMA notes local banks can ignore unilateral ... ( read original story ...)

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