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Jul 12, 2024 · Banks are collapsing at an unprecedented rate in China due to a major downturn in the country’s property market, poor risk controls and other issues. In the week ending on June 24th, 40 smaller banks were sucked up by larger institutions, a vanishing act incomparable even to the savings and loan crisis of the 1980’s and 90’s, reports The Economist.
6 days ago · The cuts to the central bank's key short-term policy rate, its market operations rates and benchmark bank lending rates came after China reported weaker-than-expected second-quarter economic data ...
Jul 4, 2024 · In the week ending June 24th, 40 Chinese banks vanished as they were absorbed into bigger ones. Not even at the height of the S & L crisis did lenders disappear at such a clip. China’s ...
Jul 9, 2024 · See the latest Postal Savings Bank Of China Co Ltd Shs -H- Unitary 144A/Reg S stock price (01658:XHKG), related news, valuation, dividends and more to help you make your investing decisions.
Jul 9, 2024 · HONG KONG, July 9 (Reuters Breakingviews) - At least traders now know for sure where the People's Bank of China stands. The Central bank said on Monday that it would start intervening in...
1 day ago · Reuters.com is your online source for the latest China news stories and current events, ensuring our readers up to date with any breaking news developments
3 days ago · FILE - A woman walks by China’s central bank, or the People’s Bank of China in Beijing, Tuesday, Feb. 20, 2024. China’s central bank cut key interest rates in a surprise move Monday, July 22, 2024 aimed at injecting new life into its ailing property sector, while the ruling Communist Party released details of a top-level meeting focused on strategies for revving up the slowing economy.
