BEIJING, Feb. 13 (Xinhua) — The balance of China\’s green loans in local and foreign currencies stood at 30.08 trillion yuan (about 4.23 trillion U.S. dollars) at the end of 2023, up 36.5 percent year
Tag: Bank
China\’s yuan loans grow by 4.92 trln yuan in January
BEIJING, Feb. 9 (Xinhua) — China\’s yuan-denominated loans rose by 4.92 trillion yuan (692.6 billion U.S. dollars) in January this year, central bank data showed Friday.
The M2, a broad measure of mon
China\’s central bank to further optimize financial services
BEIJING, Feb. 8 (Xinhua) — China\’s central bank has pledged efforts to optimize financial services this year, revealing its plans in a report on Thursday.
Efforts will be made to establish a modern c
BRICS New Development Bank issues record amount of 5-year panda bonds
SHANGHAI, Feb. 1 (Xinhua) — The BRICS New Development Bank on Thursday announced that it has issued 6 billion yuan (about 844.5 million U.S. dollars) of five-year panda bonds in the China Interbank B
Beijing airports enhance payment facilities for foreigners
BEIJING, Feb. 5 (Xinhua) — Beijing Capital International Airport and Beijing Daxing International Airport have created a more convenient payment experience for foreign visitors.
Both airports officia
China\’s central bank adds liquidity via reverse repos, RRR cut
BEIJING, Feb. 5 (Xinhua) — China\’s central bank conducted 100 billion yuan (about 14 billion U.S. dollars) of 14-day reverse repos at an interest rate of 1.95 percent Monday.
The People\’s Bank of Chi
Former ICBC discipline chief arrested for suspected bribery
BEIJING, Feb. 4 (Xinhua) — Liu Lixian, former member of the Communist Party of China committee of the Industrial and Commercial Bank of China (ICBC) and former head of its discipline inspection commi
Experts upbeat on recovery
China will likely see a faster economic recovery this year amid robust government measures to tackle challenges including insufficient domestic demand and the troubled real estate sector, with a run o
U.S. stocks sink as Fed hints no hurry to cut rates
A trader works on the floor of the New York Stock Exchange in New York, the United States, on Jan. 31, 2024. U.S. stocks ended lower on Wednesday. The Dow Jones Industrial Average fell 317.01 points,
New guideline bolsters financial support for rental housing market
BEIJING, Jan. 31 (Xinhua) — China will implement a new guideline to provide stronger financial support for the rental housing market.
The guideline, released by the People\’s Bank of China and the Nat