A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] Renminbi-denominated financial assets are likely to see more foreign capital inflows in the months ahead as the United States enters an interest rate cut cycle, giving Chinese policymakers more room to maneuver toward steady economic growth, … Continue reading China eyes steady growth amid Fed rate cut
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Fed action may boost A-share liquidity
Amid rising anticipation that the US Federal Reserve will cut interest rates within the week, Chinese shares are likely to see improved liquidity in the short term while a long-term and sustainable rebound is still dependent on companies’ improving fundamentals, said experts. While major central banks — including the Bank of England and Bank of … Continue reading Fed action may boost A-share liquidity
Big banks cut deposit rates to strengthen sector stability
This file photo shows a worker counting Chinese currency at a bank in Lianyungang, East China’s Jiangsu province. [Photo/Xinhua] Several major Chinese commercial banks cut deposit rates on Thursday, signaling a new round of deposit rate cuts that could pave the way for further reductions in policy benchmarks of lending rates to bolster economic growth, … Continue reading Big banks cut deposit rates to strengthen sector stability