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Liquidity
Liquidity
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An interbank liquidity crunch has made China's overextended commercial banks the first sector in the country to feel the pressure of the reform package initiated by the new leadership. Despite the unusually-high interbank lending rates over the past two weeks, China's central bank did not pump hefty amounts of money into the cash-thirsty market as expected in a bold but essential move to discipline unchecked lenders. Such financial brinkmanship spooks investor confidence, sending the benchmark stock index into a tailspin to a four-year low. The panic, if unsoothed, may worsen the already slowing world's second largest economy.
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  • By Chen Jia(China Daily)2017-09-16 07:00

    The growth of China's broad money supply or M2 slowed to a record-low of 8.9 percent in August, indicating a tightening regulation on off-balance sheet financing, aimed at preventing systemic risk, according to the central bank. The figure released on Friday was much lower than the market's expectat...

  • (Xinhua)2017-08-30 09:24

    BEIJING - China's central bank on Tuesday boosted market liquidity via open market operations, following net cash withdrawals for six consecutive working days. The People's Bank of China injected 50 billion yuan ($7.5 billion) through seven-day reverse repos, a process in which the central bank purc...

  • By Liu Ying(China Daily)2017-08-15 09:41

    At the National Financial Work Conference last month, President Xi Jinping emphasized the need to prevent systemic financial risks, because finance is the core competitiveness of a country and financial security is a significant part of national security. The goal of financial work is to serve the r...

  • By Chen Xiangguang(China Daily)2017-08-15 09:41

    The recently established Financial Stability and Development Committee under the State Council, China's Cabinet, is another important move to strengthen the country's financial security and help the People's Bank of China, the central bank, to better manage macro-prudential affairs and prevent syste...

  • By Chen Xiangguang(China Daily)2017-08-15 07:49

    Lujiazui is the main financial hub in Pudong, Shanghai. [Photo/VCG]The recently established Financial Stability and Development Committee responsible to the State Council, China's Cabinet, is another important move to strengthen the country's financial security and help the People's Bank of China, t...

  • By Duan Ting In Hong Kong(China Daily)2017-07-27 08:27

    Morgan Stanley Capital International's inclusion of A shares in its widely tracked indices-starting from next summer-could be a catalyst for leading global investors to pile into the Chinese mainland's onshore markets despite concerns about liquidity, according to heavyweight analysts at the wor...

  • (China Daily)2017-07-20 08:01

    A worker monitors container operation at Zhoushan port in Ningbo, Zhejiang province. [Photo/China Daily]Editor's note: China's gross domestic product expanded at a rate of 6.9 percent in the first half of this year. In a series of interviews, China Daily asked economists, analysts and business leade...

  • (China Daily)2017-07-20 07:11

    To defuse financial risks, especially systemic ones, is a fundamental task, and this explains why China unveiled a series of reform plans at a recent National Financial Work Conference to safeguard its financial security and promote the financial sector's efficient and sound operation to lubricate i...

  • (Xinhua)2017-07-18 13:34

    BEIJING — China's central bank on Tuesday pumped 200 billion yuan (about $30 billion) into the financial system through open market operations, the highest daily injection in the past month. The operations included 130 billion yuan of seven-day reverse repos, with an interest rate of 2.45 percent,...

  • (China Daily)2017-07-18 08:59

    Editor's Note: China's gross domestic product jumped to an unexpected 6.9 percent growth year-on-year in the first half of 2017. In a series of interviews, China Daily put four crucial questions to economists, analysts and business leaders about the prospects of economic growth in the country and wi...

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