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According to the People's Bank of China, the volume of new bank lending to the PRC in national currency in August was 1 trillion 280 billion yuan, having decreased from 1 trillion 450 billion yuan in July. Analysts had predicted a figure of 1 trillion 400 billion yuan. At the same time, in August, compared to July, the country experienced a sharp jump in the aggregate amount of financing, which combines banking and off-balance-sheet loans, placement of shares and bonds, to 1 trillion 520 billion yuan, from 1 trillion 42 billion yuan. Experts had expected the figure at the level of 1 trillion 300 billion yuan. The growth of the aggregate of the money supply M2 in annual terms slowed to 8.2% from 8.5% a month earlier.
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 ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
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 ...
KYC Policy