News for Bank of China Limited (3988.HK)

(Bloomberg) -- Chinese traders are pulling back from the dollar, helping ease a shortage that has rattled the banking system and setting the yuan up for further gains.Most Read from BloombergSinger Akon’s Failed Futuristic City in Senegal Ends Up a $1 Billion ResortWhy Did Cars Get So Hard to See Out Of?Are Tourists Ruining Europe? How Locals Are Pushing BackCan Americans Just Stop Building New Highways?How German Cities Are Rethinking Women’s Safety — With TaxisThe dollar’s premium over the yua

In the survey conducted last week, the People's Bank of China (PBOC) asked questions related to the U.S. dollar's movements and the causes of its recent weakness and outlook for the Chinese yuan exchange rate, the sources said. The PBOC did not immediately respond to Reuters' request for comment. While the PBOC did not explicitly state the purpose of its recent survey, one of the sources said he interpreted it as a sign authorities are concerned about a sharp appreciation of the yuan against the weakening dollar.

Asian equities were broadly higher overnight, led by gains in Taiwan, while Japan and Thailand underperformed as a CNN report on an Israeli strike against Iran’s nuclear facilities drew global attention.

Singapore, May 20, 2025 (GLOBE NEWSWIRE) -- BGIN Blockchain Limited ('BGIN”), a leading blockchain infrastructure provider specializing in high-performance mining machines and a range of comprehensive services, announced the appointment of Paul Tsang, Talila Millman. They will be joining Boquan He as independent directors to its Board. Their extensive experience in financial risk management, enterprise technology, and organizational leadership are set to strengthen BGIN's commitment to sound governance and sustainable growth.

BEIJING/SHANGHAI (Reuters) -China cut benchmark lending rates for the first time since October on Tuesday, while major state banks lowered deposit rates as authorities work to ease monetary policy to help buffer the economy from the impact of the Sino-U.S. trade war. The widely expected rate cuts are aimed at stimulating consumption and loan growth as the world's No. 2 economy softens, while still protecting commercial lenders' shrinking profit margins. Still, the size of the rate reductions was mild and reflected the incremental pace of monetary easing in recent years and what analysts interpreted as some wariness among policymakers for more aggressive steps while they navigate the trade war with the United States.

PR NewswireHONG KONG and SHANGHAI, May 16, 2025 HONG KONG and SHANGHAI, May 16, 2025 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. ("Pin

Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), ”œAlibaba”, ”œAlibaba Group” or the ”œcompany”) today

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

SHANGHAI, April 25, 2025 /PRNewswire/ -- On April 24, OneConnect Financial Technology Co., Ltd ('OneConnect' or the 'Company', NYSE: OCFT, HKSE: 6638) officially released its 2024 Environmental, Social, and Governance (ESG) Report. This marks the third consecutive year that OneConnect has published its ESG report, highlighting the company's ongoing commitment to corporate responsibility. The report provides a comprehensive overview of OneConnect's strategic initiatives and annual achievements across the three pillars of ESG. These efforts align closely with the ' Five Priority Areas in Finance,', showcasing OneConnect's continued exploration and firm actions in promoting green finance, serving underbanked communities, cultivating new quality productive forces in finance, mitigating financial risks, and driving global development.

(Bloomberg) -- China’s central bank is boosting cash injection via one of its policy tools as it seeks to safeguard the world’s second-largest economy from the impact of punitive US tariffs.Most Read from BloombergTrump Gives New York ‘One Last Chance’ to End Congestion FeeWhy Car YouTuber Matt Farah Is Fighting for Walkable CitiesBackyard Micro-Flats Aim to Ease South Africa’s Housing CrisisThe Racial Wealth Gap Is Not Just About MoneyTo Fuel Affordable Housing, This Innovation Fund Targets Pre

PR NewswireSHANGHAI, April 16, 2025 SHANGHAI, April 16, 2025 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. ("Ping An", the "Company" or

TNT prints customer statements and letters for DBS and the bank was informed about the ransomware attack on April 5. DBS said preliminary investigations reveal that most of the affected data pertains to accounts of DBS Vickers, the bank's trading platform, with the rest relating mainly to cashline loan accounts.

Agricultural Bank of China Limited (OTCPK:ACGBY) Q4 2024 Earnings Conference Call March 28, 2025 5:00 AM ETCompany ParticipantsWang Wenjing - Vice...

HONG KONG, March 28, 2025 /PRNewswire/ -- Fosun International (HKEX stock code: 00656, hereinafter referred to as 'Fosun International', 'Fosun', or the 'Company') has successfully completed the refinancing of a USD 870 million equivalent syndicated loan due on March 28, 2025. Of this amount, USD 675 million equivalent was secured through a newly arranged syndicated loan. Consistent with the Company's past practices, the new syndicated loan includes a greenshoe option, allowing additional banks to participate.

Bank of China Limited (OTCPK:BACHF) Q4 2024 Earnings Conference Call March 26, 2024 7:00 AM ETCompany ParticipantsZhuo Chengwen - Secretary to the Board of...

HKEX Head of Platform & Market Structure Development, Glenda So, said: "We are delighted to be supporting the expanded use of onshore RMB bonds as

PR NewswireHONG KONG and SHANGHAI, March 19, 2025 Cash Dividend Increases for 13th Consecutive Year HONG KONG and SHANGHAI, March 19, 2025 /PRNewswire/ --

Rio Tinto has priced US$9.0 billion of fixed and floating rate SEC-registered debt securities. The bonds will be issued by Rio Tinto Finance (USA) plc and will

Authorities explore new Asian settlement house to boost global use of renminbi