This file photo shows a worker counting Chinese currency at a bank in Lianyungang, East China\’s Jiangsu province. [Photo/Xinhua]
China implemented the biggest cut on record to a mortgage rate benchmar
Tag: loan
China eases banks\’ reserve requirement to cement economic recovery
BEIJING, Jan. 25 (Xinhua) — China\’s central bank will next month lower the amount of reserve requirement that financial institutions have to set aside, amid efforts to support economic recovery and c
Commercial real estate defaults could spark second round of U.S. banking crisis in 2024
WASHINGTON, Dec. 29 (Xinhua) — A possible wave of commercial real estate defaults threatens to prolong the U.S. regional banking crisis into 2024, according to some experts.
\”It is all too likely tha
China\’s rural policy bank ups financial support for green projects
BEIJING, Oct. 28 (Xinhua) — The Agricultural Development Bank of China (ADBC), a rural policy bank, issued a total of 662.15 billion yuan (about 92.24 billion U.S. dollars) of green loans during the
China sees growth in inclusive loans to small businesses
BEIJING, Sept. 29 (Xinhua) — The balance of China\’s inclusive loans to small and micro businesses stood at 27.8 trillion yuan (about 3.87 trillion U.S. dollars) at the end of August, the country\’s ce
AIIB to lend Bangladesh 4.5 bln USD in 5 years
DHAKA, Sept. 27 (Xinhua) — The Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) will provide 4.5 billion U.S. dollars in loan to Bangladesh mainly on climate-related projects in the
China cuts benchmark lending rate LPR
BEIJING, June 20 (Xinhua) — China on Tuesday cut the market-based benchmark lending rate.
The one-year loan prime rate (LPR) came in at 3.55 percent Tuesday, down from the previous reading of 3.65 pe
Loans issued from China\’s housing provident fund top 1 trln yuan in 2022
BEIJING, June 8 (Xinhua) — China issued over 1.18 trillion yuan (about 166.1 billion U.S. dollars) worth of mortgage loans from the housing provident fund in 2022, benefitting more home buyers, offic
Cambodian PM hails China\’s BRI as key role in development of Cambodia, ASEAN
KANDAL, Cambodia, June 7 (Xinhua) — Cambodian Prime Minister Samdech Techo Hun Sen said on Wednesday that China\’s Belt and Road Initiative (BRI) has played a crucial role in the development of Cambod
Yuan\’s global march gathers momentum
[PHOTO by MA XUEJING/CHINA DAILY]
RMB sets records in some markets, brightens its credibility and image elsewhere
On April 10, the Bank of Russia, the country\’s central bank, made a stunning announcem