Potential homebuyers check out housing projects at a real estate agency in Huizhou, Guangdong province, in December. [PHOTO by ZHOU NAN/FOR CHINA DAILY]If housing demand proves weak, benchmark LPR, no
Tag: Bank
China\’s wealth management market sees more investors in 2022
A trader works at the Bank of Shanghai in Lujiazui area of Shanghai, east China, June 1, 2022. (Xinhua/Yang Youzong)BEIJING, Feb. 18 (Xinhua) — China saw more wealth management product investors in 2
Wall Street\’s confidence growing in Chinese equities
Outlook: Investing in nation \’worth it\’Wall Street has been buying heavily into United States-listed Chinese companies over the past few months, a move that is primarily supported by the improving out
China\’s top banking regulator fines 5 banks over irregularities
BEIJING, Feb. 17 (Xinhua) — Five financial institutions were fined a total of 387.9 million yuan (about 56.5 million U.S. dollars) for irregularities in their businesses, China\’s top banking regulato
Outstanding loans to small businesses near 60 trillion yuan
File photo shows a staff member of a Chinese bank counting cash. (Xinhua/Zhang Chunlei)BEIJING, Feb. 15 (Xinhua) — Outstanding loans by Chinese banks to small and micro businesses stood at 59.7 trill
China strengthens management over financial asset risks
BEIJING, Feb. 11 (Xinhua) — Chinese financial authorities unveiled new measures Saturday to strengthen management over financial asset risks at commercial banks.The document, jointly released by the
China\’s new yuan loans at 4.9 trln yuan in January
BEIJING, Feb. 10 (Xinhua) — China\’s new yuan-denominated loans totaled 4.9 trillion yuan (about 721.82 billion U.S. dollars) in January, central bank data showed Friday.The figure increased by 922.7
Fresh batch of 40 mln USD in cash as humanitarian aid reaches Afghanistan
KABUL, Feb. 9 (Xinhua) — A fresh batch of 40 million U.S. dollars in cash as humanitarian aid reached the cash-strapped and war-torn Afghanistan on Wednesday, Da Afghanistan Bank (DAB) or the country