ONLINE FINANCE
Category: Brief
The People’s Bank of China supplied the country’s banking sector with an additional Rmb 502 billion ($74 billion) on Monday, the Financial Times reports, continuing a series of moves by Beijing to ease monetary policy amid rising economic threats including a trade war with Washington. The injection will be made via the central bank’s Medium-term […]
China will pursue a more active fiscal policy to bolster economic growth during a time of growing internal and external challenges, according to the State Council. Following a meeting on Monday, the Council resolved to focus on tax reduction and heightened infrastructure spending funded by the issuance of government bonds, reports Caixin. China’s current quota […]
China’s securities regulator has released new draft rules that will ban securities firms and fund managers from taking part in “channeling,” a controversial practice that helps clients circumvent regulations that restrict what kind of projects they can invest in, Caixin reports. Channeling has been in the crosshairs of regulators for a while because it increases risk in […]
China-heavy funds had their worst-performing month since January 2016 in June, Bloomberg reports, after a slump in the country’s benchmark stock indices and tumbling currency rattled investors’ confidence in the Chinese market. Hedge funds managed by firms such as Modus, Yuanhao, and even Wall Street giants like Morgan Stanley saw an average of 4.4% losses […]