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Fed's 75 bps rate hike intensifies market fear of US recession

The US Federal Reserve on Wednesday US time moved to raise interest rates by a larger-than-usual 75 basis points (bps), making clear its intention to rein in runaway inflation, while intensifying market fear of a looming US recession that could have serious global implications. ....

United States , Jerome Powell , Dong Dengxin , Dong Shaopeng , Aninda Mitra , Us Commerce Department , China Securities Regulatory Commission , School Of Beijing Normal University , Sinosteel Economic Research Institute , Consumer Price Index , Global Times , Road School , Beijing Normal University , Securities Institute , Wuhan University , Shanghai Composite Index , Hang Seng Index , Investment Management , Fed Chairman Jerome Powell ,

Central bank propels cross-border yuan settlement

The Chinese central bank s new policy of expanding yuan settlements in cross-border e-commerce and other new trading scenarios took effect on Thursday. ....

Dong Dengxin , People Bank , Commercial Bank , Securities Institute , Wuhan University , Global Times , Northeast Jilin Province , Business Standard ,

Chinese experts refute Western media hype over Henan banks, saying such cases are isolated

Chinese experts on Tuesday refuted recent Western media hype over problems with four rural banks in Central China’s Henan Province that have sparked widespread attention as well as swift regulatory actions, noting that the cases are “isolated” and do not represent any nationwide systemic risk and China has the capability to prevent major financial risks after years of efforts to set up a multiple-layered financial risk aversion mechanism. ....

Dong Dengxin , Weng Guanxing , Dong Shaopeng , Henan New Wealth Group , China Securities Regulatory Commission , Henan New Fortune Group , Xinhua News Agency , Wintell Co , Xialou Village , Yaodian Township , Henan Province , Central China , East China , Anhui Province , Global Times , Securities Institute , Wuhan University , Xinhua News , Rural Banks In Central Chinas Henan Province ,