Next year is the 30th anniversary of Bank of New York Mellon's entrance into the Chinese mainland market, as well as the US lender's 240th anniversary, Chen Fangfang, chairwoman of BNY Mellon Asia ... ( read original story ...)
China central bank boosts liquidity offering via policy loans, rate unchanged
China's central bank ramped up liquidity injection but kept the interest rate unchanged when rolling over maturing medium-term policy loans on Friday, matching market expectations. Despite the steady ... ( read original story ...)
Stock Market LIVE: Hang Seng leads rally in Asia; China Nov IIP grows 6.6%
Meanwhile, in Asia, ASX 200, Nikkei, Kospi, and Hang Seng were up in the range of 0.9 per cent to 1.27 per cent. Shanghai Composite was flat as investors await key economic data out of China, including November house prices, industrial output, and retail sales data. ( read original story ...)
An end to interest rate hikes? What to expect from today’s Fed meeting
The Federal Reserve is expected to leave interest rates unchanged Wednesday for the third time, signaling its aggressive string of hikes may be over. ( read original story ...)
Beijing & Shanghai Lower Down Payments For First-Time Home Buyers
After the market close, both Beijing and Shanghai reduced their down payment ratios for first ... The Hong Kong Tracker ETF saw its largest net outflow via Southbound Stock Connect since September 11th as Mainland investors sold a net HKD 6.7 billion ... ( read original story ...)
European shares rally after dovish Fed; ECB in focus
European shares jumped on Thursday, buoyed by gains in real estate and declining euro zone bond yields as investors cheered the Federal Reserve's indication of lower borrowing costs in 2024 and awaited the ECB's decision. ( read original story ...)
Beijing, Shanghai loosen home buying restrictions to aid housing market
BEIJING: Beijing and Shanghai relaxed home purchase restrictions on Thursday (Dec 14), including by lowering the minimum deposit ratio for first and second homes, suggesting renewed efforts by Chinese ... ( read original story ...)