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Tag: banking

Posted on 13/10/2024

‘Chasing yield’ was an inside joke at SVB—until it led to the bank’s collapse

Back in 2011, some of the bank leaders were involved in running jokes about chasing yield—now they don't seem so funny. ( read original story ...)

Posted on 13/10/2024

China Announces Financial Stimulus, But Investors Await More Details

Chinas much-anticipated financial stimulus announcement on Saturday aimed to revive its slowing economy, but investors were left wanting more concrete details. While Finance Minister Lan Foan ... ( read original story ...)

Posted on 13/10/2024

China’s stimulus message leaves investors wanting

Reuters reported last month that China plans to issue special sovereign bonds worth about 2 trillion yuan this year as part of fresh fiscal stimulus. Bloomberg News reported China is considering the ... ( read original story ...)

Posted on 12/10/2024

Hong Kong and Shanghai stocks rallied Thursday as traders welcomed a Chinese central bank move to provide billions of dollars in liquidity to institutions in a bid to boost …

Hong Kong and Shanghai stocks rallied Thursday as traders welcomed a Chinese central bank move to provide billions of dollars in liquidity to institutions in a bid to boost markets. The Hang Seng ... ( read original story ...)

Posted on 12/10/2024

China’s stimulus message leaves investors wanting though hanging onto hope

China's highly anticipated announcement of financial stimulus plans on Saturday was big on intent but low on the measurable details that investors need to ratify their recent return to the world's ... ( read original story ...)

Posted on 12/10/2024

Banking on company: China’s youth-driven ‘companionship economy’ gains steam, but risks also emerge

Be it talking, shopping, gaming or even mountain climbing - China has witnessed a growing trend of young people seeking out paid companionship. While local media reports have highlighted the merits, ... ( read original story ...)

Posted on 11/10/2024

China kicks off 500 billion yuan swap facility to aid stock market

China's central bank said on Thursday it would start accepting applications from financial institutions to join a newly created funding scheme, initially worth 500 billion yuan ($70.62 billion), to aid the capital market. ( read original story ...)

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