Browsing Tag
People’s Bank of China
5 posts
Visa finally gets closer to China’s domestic payments market, but UnionPay competition poses a major test
Visa Inc. has received preliminary approval from the People's Bank of China to establish a domestic bankcard clearing institution, advancing a long-running effort to enter China's local payments market while leaving the company with significant licensing and competitive hurdles.
China holds lending rates for 16th month as Fed hike limits room for monetary easing
China has kept its one-year LPR at 3% and five-year rate at 3.5% for a 16th month as global tightening limits room for further easing.
Why Seaspan’s first Panda bond could change how the shipping giant finances its next growth cycle
Seaspan raises RMB 1.5 billion through its first Panda bond, opening a China funding channel as fleet expansion raises the capital-allocation stakes.
Why Beijing’s central bank won’t budge on rates even as growth falters
China keeps lending rates unchanged for the fourth month despite weak growth. Discover why the PBOC is cautious and what this means for global markets.
Asia markets split: Why Japan and South Korea surged while Hong Kong lagged after Wall Street’s record rally
Asia stocks diverged as Japan and South Korea surged while Hong Kong lagged after Wall Street highs. See what drove the split and what to watch next.