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In April 2018, the volume of new bank lending in China in national currency increased to 1 trillion 180 billion yuan from 1 trillion 120 billion yuan in the previous month, according to the data of the People's Bank of China. Experts had predicted a decline in the figure to 1.1 trillion yuan. The growth in the volume of new loans in annual terms was 7.3%. For the first 4 months of the year, Chinese banks issued loans at 13.5% more than a year earlier, in the amount of 6 trillion 40 billion yuan. The total amount of financing in April rose to 1 trillion 560 billion yuan from 1 trillion 332 billion in March, which was the maximum value since January 2018.
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 ...
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, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
KYC Policy