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Tag: banking

Posted on 19/06/2024

China takes firm steps to prevent exchange rate overshooting: central bank governor

Pan Gongsheng, governor of the People's Bank of China, during the 15th Lujiazui Forum in Shanghai, June 19, 2024. [Photo/VCG] SHANGHAI -- China has taken firm steps to prevent the risks of exchange ... ( read original story ...)

Posted on 19/06/2024

China’s central bank vows supportive monetary policy but dismisses dramatic easing measures

Speaking at the 15th Lujiazui Forum in Shanghai on Wednesday, Pan Gongsheng said the People’s Bank of China (PBOC) will avoid drastic policy changes while taking into account other objectives such as ... ( read original story ...)

Posted on 19/06/2024

China to keep monetary policy accommodative: central bank governor

SHANGHAI -- China will continue to keep its monetary policy accommodative and strengthen counter-cyclical and inter-temporal adjustments, the central bank governor said Wednesday. The move will help ... ( read original story ...)

Posted on 19/06/2024

China to reform Shanghai’s Nasdaq-style Star Market, improve listing quality: CSRC

Eight measures will be introduced to reform the Star Market under the Shanghai Stock Exchange, said Wu Qing, CSRC chairman China will unveil fresh measures to burnish the appeal of its five-year-old ... ( read original story ...)

Posted on 19/06/2024

Is the Stock Market Open Today? Here Are the Hours for Juneteenth.

Investors may be enjoying a mid-week pause thanks to Juneteenth.The last few months of 2024 have been a whirlwind, amid the artificial intelligence investing rally, the brief return of meme stock ... ( read original story ...)

Posted on 19/06/2024

China central bank boss says no major stimulus to boost economy

The country's recovery from the impact of Covid has slowed in the months since it abruptly lifted tough restrictions in late 2022, with a property crisis and tepid consumer demand weighing on growth. ( read original story ...)

Posted on 19/06/2024

‘We are constantly looking for more opportunities in China,’ Deutsche Bank China COO says

Deutsche Bank is positive about China's economic growth, elevating its GDP growth projection for 2024 by half a percentage point in April, with the revised figure at 5.2 percent. This anticipated ... ( read original story ...)

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