China s newly established financial stability fund, its deposit insurance fund and other industry security funds shall not be used as the go-to bailout option while the country is dealing with financial risks.
Hua Xia Bank Misses Funding Goal as Lenders Face Refinancing Hurdle yicaiglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yicaiglobal.com Daily Mail and Mail on Sunday newspapers.
China's four largest State-owned commercial banks by assets, also known as the Big Four, cut their deposit rates on Thursday. It will help ease the pressure of narrowing net interest margins while they continue to lower financing costs of the real economy, experts said.
Savers normally get more interest the longer they tie up their money. An inverted yield curve is a closely watched signal of recession risk in Treasury markets.
China’s voluntary employee pension funds reported a 2.8 per cent loss in the first quarter as bets on the stock market blew up amid a slump, highlighting the impact of market volatility and indicating a need for a more market-oriented fund-management approach as Beijing reforms its massive pension system.