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29 Mar China’s central bank keeps ‘cautious’ in bond trade despite Xi Jinping’s mandate

Posted at 14:00h in Asia

Despite instructions from President Xi Jinping to resume the trading of central government bonds, China’s central bank is expected to take a cautious approach to mitigate unexpected consequences for inflation and the exchange rate, analysts said.At the twice-a-decade financial work conference, held last October, Xi...

28 Mar Opinion | Hold the bazooka: weak China growth, low stimulus is new normal

Posted at 08:30h in Asia

This partly explains why the government has stepped up support for the crisis-ridden housing market. Beijing has intensified pressure on banks to assist vulnerable developers, cut mortgage rates to stimulate demand and provided low-cost financing to the urban village renovation and affordable housing programmes.It also...

29 Feb Mainland China banks to offer over-the-counter interbank bond trading from May 1, PBOC says

Posted at 13:15h in Asia

Both mainland Chinese and international investors will be allowed to invest in interbank bonds through over-the-counter trades from May 1 as part of Beijing’s effort to attract investors into the country’s US$21.96 trillion bond market.“By allowing investors to use the over-the-counter channels to invest in...

26 Feb China’s repo market: what changes are in store for banks, global bond investors

Posted at 03:06h in Asia

The PBOC and HKMA initiatives could facilitate the diverse use of Chinese bonds held by Bond Connect investors, such as bridging intraday funding gaps, Hui said in a written reply to the Post.The logo of Hong Kong Monetary Authority (HKMA) is seen at the HKMA...

Hong Kong to continue capitalising on ‘dim sum’ bond and loan opportunities after offshore yuan debt grew exponentially in 2023, regulators say

20 Feb Hong Kong to continue capitalising on ‘dim sum’ bond and loan opportunities after offshore yuan debt grew exponentially in 2023, regulators say

Posted at 11:33h in Asia

Hong Kong is set to continue capitalising on offshore yuan funding opportunities after “dim sum” bonds and loans – offshore debt denominated in the yuan – grew exponentially in 2023, regulators said.Last year, dim sum bonds issued in Hong Kong increased by 65 per cent...

11 Feb Year of the Dragon: China’s commemorative coins, notes are multiplying in value on Taobao, JD.com auction platforms

Posted at 02:00h in Asia

As China ushers in the Year of the Dragon, some of the US$450 million of commemorative coins and banknotes issued by the nation’s central bank have found their way into the popular local e-commerce platforms at more than three times their face value.On Alibaba...

25 Jan 2024 AFF: China’s policies to boost bonds and wealth management will help Hong Kong’s companies and home buyers, delegates say

Posted at 05:15h in Asia

Hong Kong’s role as the trading hub for offshore yuan will get a leg up from the policies unveiled by the People’s Bank of China to enhance wealth management and the Bond Connect transborder investment channel, according to speakers at the Asian Financial Forum (AFF).The...

25 Jan Hong Kong stocks set for third winning day as China signals more support after US$140 billion liquidity plan to lift confidence

Posted at 02:44h in Asia

Hong Kong stocks climbed for a third day from a 15-month low, after China ramped up economic measures to calm investors, following a market rout triggered by disappointment over its policy inertia.The Hang Seng Index added 0.3 per cent to 15,939.22 at 9.55am local...

24 Jan Ant Group-backed credit scorer Qiantang closer to licence in China after two-year wait, as PBOC to ‘guide’ application

Posted at 22:00h in Asia

Qiantang Credit Rating, backed by Alibaba Group Holding’s fintech arm Ant Group and Zhejiang Tourism Investment Group, appears to be headed for official approval to begin operations after a wait of more than two years.Pan Gongsheng, the governor of the People’s Bank of China (PBOC),...

09 Jan Hong Kong stocks snap 5-day slump as China rate-cut hopes as Alibaba, HSBC help lift market from 13-month low

Posted at 02:26h in Asia

Hong Kong stocks advanced after Beijing hinted at more policy support to shore up the nation’s faltering economic growth. Three companies started trading for the first time, with two of them suffering steep losses.The Hang Seng Index rose 0.6 per cent to 16,313.73 at...

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