Finance


Recovery fuels surge in loan demand

China saw stronger overall demand for loans in the second quarter of this year as economic activities remained on the track to recovery, a central bank survey showed....

July 6, 2020, Monday


Shanghai acts to help businesses in bid to stabilize city’s economy

Shanghai has launched 18 key measures to improve financial support for business, reduce corporate funding costs and stabilize the local economy....

July 3, 2020, Friday


Alibaba’s MY Bank to offer cheap loans

Alibaba-backed digital lender MY Bank aims to provide 300 billion yuan (US$42.3 billion) of interest-free small and micro loans over five years to boost economic recovery....

July 1, 2020, Wednesday


CSRC chief urges policy coordination amid virus

China’s financial regulators are coordinating policy tools to overcome coronavirus-induced challenges and striving to alleviate short-term financial pressures for sustainable growth. Policy-makers recently ...

June 22, 2020, Monday


Developing SMEs key to business climate

The development of small and medium-sized enterprises is key to improving Shanghai’s business climate, Rong Zhiqin, deputy director of the Shanghai Commission of Economy and Informatization, said yest...

June 19, 2020, Friday


Trade with US rises 40% in April

TRADE between China and the United States rose sharply in April from the month before amid the COVID-19 pandemic, making China its largest trading partner, the Wall Street Journal reported. Trade between ...

June 18, 2020, Thursday


Easier SME access to financing

Much progress was made in Shanghai’s inclusive finance sector in 2019, and small businesses and financial technology startups have enjoyed quality financial services, local regulators said....

June 18, 2020, Thursday


China to issue US$14b special pandemic bonds

China will issue 100 billion yuan (US$14.1 billion) in special government bonds in a bid to help finance recovery from the coronavirus pandemic, the Ministry of Finance said yesterday....

June 17, 2020, Wednesday


Banks’ asset quality weakens

Chinese banks’ asset quality, capitalization and profitability weakened in the first quarter of 2020 when disruptions from the coronavirus outbreak peaked, according to a recent industry report....

June 17, 2020, Wednesday


Dialogue focuses on future globalization

WITH preparations for the third China International Import Expo and Hongqiao Interna­tional Economic Forum well underway, a high-level dialogue of the Hongqiao Forum was held yesterday to promote the ...

June 11, 2020, Thursday




 

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