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News about policymaking in the world’s major central banks with a focus on the People’s Bank of China, the Federal Reserve, the European Central Bank, the Bank of England, the Bank of Japan and the Reserve Bank of Australia.
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last updated:
9 September, 2024
China economy
Editorial
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Channelling of funds into China markets to bring needed stability
Move by Beijing aims to counter volatility from threats of Donald Trump with flow of proceeds from pensions and insurance.
24 Jan 2025 - 1:57AM
Banking & finance
Hong Kong’s banks gird for lean times as 9-month profit growth slows
22 Jan 2025 - 9:59PM
Hong Kong economy
My Take
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The US$3.2 trillion question: how much of China’s forex reserves for Hong Kong?
21 Jan 2025 - 7:00AM
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Canada
Former Bank of Canada governor Carney launches bid to replace Trudeau
Mark Carney is pitching himself as an outsider and an unconventional politician with strong economic chops.
17 Jan 2025 - 11:47AM
Banking & finance
China’s consolidation of small banks accelerates to head off systemic risk
Smaller banks face more asset quality deterioration in coming years, on top of earnings pressure, Fitch Ratings director says.
17 Jan 2025 - 7:30AM
Canada
‘Outsider’ Carney, ex-Bank of England head, mulls replacing Trudeau as Canadian PM
During an appearance on The Daily Show, Mark Carney called himself an ‘outsider’, and said Canada needs change to address economic challenges and rising costs.
14 Jan 2025 - 5:12PM
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China's economic recovery
China ‘confident’ in 2025 economic rebound, Hong Kong is key: central bank chief
Mainland’s property market is improving, PBOC governor Pan Gongsheng says, reiterating importance of special-purpose bonds for buying idle land and unsold homes.
13 Jan 2025 - 4:54PM
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Yuan
To boost yuan, China’s central bank allows firms to borrow more foreign debt
For companies that have reached the upper limit of overseas financing, a relaxation may be welcome, but the move’s effectiveness remains unclear as rate spread with US dollar widens.
13 Jan 2025 - 2:20PM
Banking & finance
Hong Kong digital banks consider branches after HKMA rule change
WeLab Bank, ZA Bank and Mox Bank believe face-to-face interactions would be a good addition, while Livi Bank does not see a need.
13 Jan 2025 - 7:30AM
European Union
Switzerland: UBS size worries former finance minister, must reduce risk
Following its takeover of Credit Suisse, some fear UBS is too large and may seek a new home outside Switzerland.
11 Jan 2025 - 5:38PM
Vietnam
Asian Angle
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Vietnam’s private banking sector has a ‘chronic disease’. Can it be treated?
Truong My Lan’s death sentence serves as a warning, but Vietnam needs structural reforms to address the sector’s vulnerabilities.
11 Jan 2025 - 12:00PM
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Banking & finance
Hong Kong’s US-dollar peg gets emphatic defence from HKMA CEO
Speculation about ending the peg reflects ‘misconceptions due to a lack of understanding’, says head of de facto central bank.
9 Jan 2025 - 7:50PM
Yuan
China’s central bank rhetoric on yuan stability takes aim at depreciation risks
An exchange rate of 7.6 to the US dollar by the end of 2025 could be on the cards, analysts say, as Donald Trump’s impending policies may further weaken the battered yuan.
6 Jan 2025 - 4:15PM
5
Switzerland
More records found linking Credit Suisse bank to Nazi accounts: US panel
Tens of thousands of documents are new proof of existence of account holders linked to the Nazis, Senate Budget Committee said on Saturday.
5 Jan 2025 - 7:38AM
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Yuan
China’s battered offshore yuan hits 2-year low against US dollar
And China’s ‘moderately loose’ monetary policy could further widen interest-rate differentials, straining the yuan more, analyst predicts.
2 Jan 2025 - 4:32PM
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Banking & finance
Hefty fines reflect resolve of China’s central bank as bond yields plunge
Three institutions are slapped with multimillion-dollar penalties for bypassing regulatory requirements – the first such action taken after PBOC warnings this year.
31 Dec 2024 - 11:13AM
Interest rates
Hong Kong lenders may cut prime rate to record low 5% in 2025
A straw poll of 10 analysts surveyed by the Post expect up to three rate cuts by the Federal Reserve and HKMA totalling as much 75 basis points.
13 Jan 2025 - 9:39PM
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United States
Macroscope
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Trump vs the Fed: why 2025 could be the year things get ugly
The Fed is making it clear that Trump’s policies come at a price, one that he might be unwilling to pay if inflation rises more sharply.
27 Dec 2024 - 5:52AM
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Obituaries
Manmohan Singh, India’s ‘reluctant prime minister’, dies at 92
The first Sikh in office, Singh is credited with steering India to economic growth and lifting hundreds of millions out of dire poverty.
27 Dec 2024 - 1:56AM
The Philippines
‘Erasing history’?: Marcos Jnr accused of political bias over new banknotes
A critic of Ferdinand Marcos Jnr accuses him of attempting to reshape the country’s history by removing the Aquinos from the 500-peso notes.
23 Dec 2024 - 3:11PM
Hong Kong Monetary Authority (HKMA)
Hong Kong banks cut lending rates, but HKMA warns of volatility ahead
The latest rate cuts by lenders such as HSBC and Bank of China will lighten the monthly burden on mortgage borrowers by about HK$351 to HK$22,452.
19 Dec 2024 - 4:50PM
Banking & finance
China’s record-low government bond yields spark fresh warning from central bank
Institutions are being warned as bearish investor sentiment, and an expectation of lower interest rates, continue to make the bond market a sought-after haven.
18 Dec 2024 - 7:30PM
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South Korea martial law 2024
South Korea’s central bank vows to stabilise markets amid political turmoil
The Bank of Korea aims to avoid any escalation in volatility of foreign exchange markets following Yoon’s failed martial law decree.
15 Dec 2024 - 5:01PM
Interest rates
US Federal Reserve set to cut rates as Trump prepares for second term
Analysts expect a slower path of rate cuts next year as they have concerns about some of Trump’s key policy initiatives.
15 Dec 2024 - 12:25PM
China's economic recovery
China may bank on balance-sheet expansion, not rate cuts, for growth: economist
While Beijing is unlikely to implement universal consumption subsidies, officials may try to boost spending by raising incomes, according to Nomura’s Lu Ting.
11 Dec 2024 - 8:30PM
Wealth management
Mainland Chinese investors unimpressed with Wealth Management Connect expansion
Restrictive marketing rules and stringent eligibility requirements will continue to deter wealthy Chinese from the scheme, analysts say.
11 Dec 2024 - 7:53PM
China stock market
China stocks regain appeal as Xi signals major stimulus in Politburo meeting
Strong policy tone ripples through Chinese assets, with both stocks and bonds rallying while the yuan strengthens.
11 Dec 2024 - 7:42AM
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China's economic recovery
‘Strong tone’ from China’s Politburo suggests more fiscal spending: analysts
After Monday’s Politburo meeting, analysts predicted China will raise fiscal spending and cut rates to keep up activity through next year.
10 Dec 2024 - 10:00PM
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