The People’s Bank of China (PBOC) instead boosted liquidity injections in the operation. It kept the rate of medium-term lending facility (MLF) loans unchanged at 2.50%, but injected a net 216 billion ... ( read original story ...)
China central bank skips rate cut in policy surprise
Analysts cite, among other considerations, the renminbi exchange rate and Fed uncertainty for the hold on rates. Read more at straitstimes.com. ( read original story ...)
Former chairman of state-owned bank China Everbright Group arrested over suspected corruption
Chinese prosecutors say the former chairman of state-owned Chinese bank China Everbright Group has been arrested on suspicion of corruption and bribery. ( read original story ...)
Haier Group still looking to buy Shanghai RAAS stake, Grifols says
Spanish plasma therapeutics company Grifols (NASDAQ:GRFS) said on Sunday Haier Group still plans to close the acquisition of a 20% stake in Shanghai RAAS Blood Products amid speculations on the $1.8B ... ( read original story ...)
Stock market today: Asia stocks follow Wall Street higher, while China keeps its key rate unchanged
Asian markets have climbed after Wall Street drifted to a mixed finish as it closed out its 10th winning week of the last 11 ... ( read original story ...)
China central bank holds medium-term rate but adds liquidity
China's central bank left the medium-term policy rate unchanged on Monday, defying market expectations as signs of a weaker currency continued to limit the scope of monetary easing. A slew of recent ... ( read original story ...)
China central bank surprises markets, leaves medium-term rate unchanged
China's central bank boosted liquidity injections but surprised markets by leaving the interest rate unchanged when rolling over maturing medium-term policy loans on Monday. The ... ( read original story ...)