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  • November 23, 2014
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  1. Business - Economy - ECONOMY

    Yuan convertibility on back burner as Beijing focuses on other reforms

    Posted Aug 07th 2014, 11:58am by Reuters

    ... Reuters in Beijing Toned-down rhetoric from Beijing suggests 2020 move for key step on currency, reflecting concerns over speculative flows Yuan convertibility on back burner amid priority shift Beijing is quietly pushing back its loose timetable to make the yuan freely convertible, policy insiders say, as the authorities fear removing capital controls too soon could unleash ...

  2. Business - Banking & Finance - ECONOMY

    Slowing investment growth curbs China loan demand

    Posted Nov 14th 2014, 06:15pm by Victoria Ruan

    ... costs for sectors hit hard by an economic downturn. New loans totalled 548.3 billion yuan (HK$694 billion) last month, below market expectations of 626 billion yuan and also less than the 857.2 billion yuan extended in September, People's Bank of China data showed. The weaker lending came even after the central bank said in its quarterly monetary policy report it had injected 769.5 ...

  3. Business - Economy - ECONOMY

    China's central bank surprises markets with lending rate cut to 5.6 per cent

    Posted Nov 21st 2014, 06:58pm by DON WEINLAND

    ... of short- and medium-term liquidity injections over the past three months. Chinese media reported yesterday that the PBOC issued banks 10 billion yuan (HK$12.7 billion) in short-term liquidity this week, after injecting some 770 billion yuan during September and last month in a separate bid to lower the cost of lending. Cutting rates was a far stronger signal policymakers are concerned ...

  4. Business - Economy - ECONOMY

    Earnings growth in Chinese industrial sector slows further

    Posted Oct 28th 2014, 01:22pm by Eric Ng

    ... yuan (HK$712 billion) in September, up 0.4 per cent year on year, the National Bureau of Statistics said in a statement yesterday that identified the resources sector as the biggest drag ...

  5. News - China - ECONOMY

    Xi Jinping urges expansion of Shanghai FTZ across mainland

    Posted Oct 28th 2014, 04:53am by Daniel Ren

    ... liberalisations and strong incentives to boost business activities. Beijing had promised to make the yuan fully convertible in the zone and give market forces full play in an effort to emulate Hong ...

  6. Business - Economy - ECONOMY

    China economic growth drops to five-year low of 7.3pc

    Posted Oct 21st 2014, 10:54am by Victoria Ruan

    ... eschewing a repeat of the 4 trillion yuan stimulus injected into the economy in 2009, which economists largely blame for inflating the housing bubble Beijing has battled since. Measures introduced ...

  7. Business - China Business - ECONOMY

    State subsidies report casts doubt on fair business practices in China

    Posted Sep 23rd 2014, 05:18am by Eric Ng, VICTORIA RUAN AND SIJIA JIANG

    ... to those companies with overcapacity would hurt China's [economic] rebalancing reforms," Tsinghua University researcher Yuan Gangming told the South China Morning Post. The US Chamber ... or 2,235 of the mainland's 2,537 listed firms have been given total subsidies of 32.26 billion yuan (HK$40.6 billion) in this year's first half, up a third year on year, Xinhua reported ...

  8. News - China - ECONOMY

    Delta forum signs deal to deepen regional cooperation

    Posted Oct 13th 2014, 01:26pm by Mimi Lau

    ... and Guangdong – accounts for 18.6 trillion yuan of gross domestic product or 33 per cent of national GDP each year. Regional cooperation pacts that included Hong Kong and Macau were signed in 2004, ...

  9. Business - Economy - ECONOMY

    Guangdong eyes SOE reform

    Posted Sep 29th 2014, 03:58am by Enoch Yiu, Sophie Yu

    ... reforms on the mainland in the late 1970s. Professor Lu Yuanli of Shenzhen University said Guangdong feels it is its duty to be on the frontline of the mainland's economic reforms. "This ... Guangdong also wants to create about 30 strong enterprises- defined as having annual turnover of 100 billion yuan (HK$126 billion) or assets of 100 billion yuan- co-owned by the provincial ...

  10. Business - Economy - ECONOMY

    China credit fluctuation stirs policy uncertainty

    Posted Sep 12th 2014, 12:15pm by Victoria Ruan

    ... financing, the broadest gauge of credit supply that includes loans extended through wealth management products and shadow banking system, rebounded to 957.4 billion yuan (HK$1.21 trillion) last month from the near six-year low of 273.1 billion yuan in July, central bank data showed. It still trailed the median forecast of 1.135 trillion yuan in a Bloomberg survey of economists. New yuan ...




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