Tag: China
China Increases Regulation On LGFV Offshore Bonds
Chinese regulators have closed a regulatory gap that allowed highly indebted local government finance vehicles (LGFVs) to expand borrowing last year by ordering LGFVs to [more…]
China’s Imports of Lithography Equipment increase 1050%
China’s semiconductor manufacturer’s imports of foreign lithography equipment has increased by 1050% in November, despite US restrictions. In November, China imported 16 units of lithography [more…]
PBOC Keeps Prime Lending Rates Steady
The benchmark lending rates of Chinese banks have not changed, suggesting that more monetary easing is anticipated in the first part of 2024. After reducing [more…]
China Factory Activity Contracted in November, Overall Activity Sees Expansion
In November, China’s manufacturing activity shrank for a second straight month, according to a National Bureau of Statistics official survey. The manufacturing sector’s official purchasing [more…]
China ETFs See Record Inflows
According to mutual fund firm China Asset Management Co (ChinaAMC), China’s exchange-traded funds (ETFs) have experienced an annual net inflow of over 400 billion yuan [more…]
Saudi Arabia and China to Commence 50 Billion Yuan Swap Line
China and Saudi Arabia have strengthened their relationship by signing a $7 billion local currency swap agreement, as more Middle Eastern nations move their trade away [more…]
China Foreign Investment Goes Negative For The First time
China’s foreign investment was negative $11.8 billion in the third quarter, marking the first outflow in the country’s foreign investment since 1998. Higher interest rates [more…]
Yuan is Now Second Most Used Currency For Trade Finance
Based on data from the global SWIFT system, the yuan has surpassed the euro to become the second most important currency in trade settlements for [more…]
Brazil Settled First International Yuan Loan
A step towards the internationalisation of the Chinese currency has been accomplished with the completion of the first cross-border commercial loan in Brazil denominated in [more…]
YMTC Makes Breakthrough in Memory Technology
China’s leading memory chip manufacturer, Yangtze Memory Technologies Co (YMTC), has quietly produced the world’s most advanced 3D NAND memory chip, according to TechInsights. This [more…]
