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china economy

Cooling China economy hits Hong Kong and Singapre

The banking boom days are officially over in Hong Kong and Singapore Asia’s two top financial hubs are facing a rapid growth deceleration with China’s slowdown and the continuing shrinkage of the financial industry striking both Singapore and Hong Kong…. Continue Reading →

China’s yuan continues on downward track

Chinese currency’s offshore exchange rate hit a 5 years (6 January). China’s yuan would depreciate as much as 15% to 7.30 against the US dollar in 2016, reported the Hong Kong Economic Journal. The Chinese currency’s offshore exchange rate weakened to 6.7319 at one point which… Continue Reading →

China insurancer gains from strong sales in Q3

China’s Ping An Insurance Q3 net profit rose 32% due to strong sales of life insurance products. Ping An Insurance (2318.HK), mainly deal with insurance, banking, and financial services in China, announced that its net profit rose 32% to RMB$ 13.63 billion in… Continue Reading →

China’s GDP growth fell below 7% for first time in six years

China’s GDP growth in the third-quarter of 2015 slid to 6.9%, the worst data since 2009. National Bureau of Statistics of China announced the Gross Domestic Product (GDP) growth in the third-quarter of 2015 at 6.9% on 19 October. In spite of falling below… Continue Reading →

China will cut RRR after benchmark rates cut

China’s policy maker cuts both benchmark interest rates and Required Reserve Ratio (RRR) to aid economy. The People’s Bank of China (PBoC), the central bank of China, announced that both the one-year deposit and lending rates were drop by 25… Continue Reading →

China’s imports and exports fell in May

  China customers choose goods from a supermarket that sells imported products. Exports fall for 3rd consecutive month and import slide for 7th consecutive month, highlighting slowing demand in the country.   A bigger-than-expected slide in China’s imports in May… Continue Reading →

China central bank cut rates in hope of boosting real economy

The 3rd times in 6 months – Both benchmark 1-year lending and deposit rates cut by 0.25 pc effective 11 May The People’s Bank of China (PBOC), the central bank of China, said China’s economy is facing  downward pressure, at the… Continue Reading →

China central bank cut RRR by 100 basis points

China central bank acts to boost bank lending and combat slowing economic growth in world’s second-biggest economy The People’s Bank of China (PBOC), the central bank of china, said on 19 April that the reserve requirement ratio (RRR – the amount of cash that… Continue Reading →

AIA’s annual results for the year of 2014 to sustain a robust performance

Results were good, growth were strong for 2014 AIA Group (1299.HK), the third-largest Asia- based insurer by market value, posted a bigger-than-expected 22 percent increase in full-year profit, led by business growth in the mainland and Hong Kong. Have research… Continue Reading →

China factories in contraction as economy slowdown

Weaker economic activity and stronger disinflationary pressures warrant further monetary easing Hurt by a sluggish property market, unsteady exports and cooling domestic demand and investment, China’s economic growth is expected to slow to a 24-year low of 7.4 percent this… Continue Reading →

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