SHANGHAI (Reuters) -Chinese oil giant CNOOC Ltd surged 44% in its Shanghai debut on Thursday, after raising 28.08 billion yuan ($4.41 billion) in Chin.
SHANGHAI Chinese oil giant CNOOC Ltd surged as much as 44% in its Shanghai debut on Thursday, after raising 28.08 billion yuan ($4.41 billion) in China’s…
SHANGHAI (Reuters) -China surprisingly kept its benchmark lending rates steady on Wednesday, with markets seeing the move as Beijing's cautious approa.
The smallness of a cut to the amount of money Chinese banks must hold in reserves may reflect concern by the Chinese central bank over inflation and U.S. monetary tightening, making further interest rate cuts less likely, analysts say. The People’s Bank of China (PBOC) on Friday announced a 25-basis-point (bp) cut to banks’ reserve .
China stocks fell on Monday, with investors disappointed about a smaller-than-expected cut in the reserve requirement ratio that many felt might not be enough to reverse a sharp economic.