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This March, the volume of new bank lending in China rose to 1 trillion 120 billion yuan from 839 billion 300 million yuan in February, according to figures from the People's Bank of China. Experts had expected the figure at the level of 1 trillion 175 billion yuan. The total amount of financing, including bank loans, off-balance-sheet loans, placement of shares and bonds, amounted to 1 trillion 330 billion yuan against 1 trillion 170 billion yuan in February. The growth of the aggregate of the money supply M2 by 8.2% in March was minimal since last December.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
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