China saw its macro leverage ratio of the real economy decline by 3.6 percentage points year-on-year in the first quarter of this year, the top banking and insurance regulator said on Tuesday.
FILE PHOTO: People film the new sign of China Banking and Insurance Regulatory Commission , the newly merged regulatory body, at its office in Beijing, China April 8, 2018. REUTERS/StringerBEIJING: China saw its macro leverage ratio of the real economy decline by 3.6 percentage points year-on-year in the first quarter of this year, the top banking and insurance regulator said on Tuesday.
The decline of the macro leverage ratio remained overall stable, Liang Tao, vice chairman of China Banking and Insurance Regulatory Commision, told reporters in Beijing.The regulator has given approval for two more foreign banks to set up representative offices in China so far this year, Liang added.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
India's economic growth picks up in Q1 2021, before huge COVID-19 waveNEW DELHI: India's economic growth picked up in the January to March quarter from the previous three months, but economists have grown pessimistic ... Being cancer-stricken and begging CPF Board to repay overdue debt; that which in any case cannot be done as the money had been commingled and funneled to private entity Temasek Holdings for Ho Ching to wager on unviable, untenable and ultimately, invariably doomed gambles
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan's Q1 capex falls for 4th straight quarterJapanese companies cut spending on plant and equipment for the fourth consecutive quarter in January-March, as the economy struggles to shake off ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
CD Projekt Q1 net profit misses expectationsCD Projekt's first-quarter net profit fell 64.7per cent to 32.5 million zlotys (US$8.87 million), missing market expectations, hurt by the costs ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Football: AFC moves World Cup qualifiers to UAE from ChinaSHARJAH, UAE: The Asian Football Confederation (AFC) said that it has moved Group A matches in the region's 2022 World Cup preliminaries to the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China regulator fines 15 tutoring firms for false advertising, fraudChina's market regulator fined 15 private tutoring firms for combined 36.5 million yuan (US$5.73 million) for false advertising and pricing ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China, Taiwan spar again over COVID-19 vaccines, accuse each other of politickingChina and Taiwan traded more accusations on Monday about COVID-19 vaccines, with Beijing saying they should not be a political tool while Taiwan's ... Decouple from CCP China for covering the infectiousness of Wuhan virus, prevent open investigation into the source of the virus and many more atrocities.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »