Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Peiqian Liu"


5 mentions found


Hong Kong CNN —Chinese leaders have pledged to achieve an ambitious growth rate this year, while reshaping its economic model to focus on technology innovation. On Tuesday, Premier Li Qiang announced that economic growth target of around 5% for 2024, which he said “will not be easy” to hit, given that a Covid-battered 2022 had provided a lower base of growth for last year. “The level of support is likely too little to rocket the economy to its 5% growth target this year,” said Sarah Tan, an economist at Moody’s, referring to the measures announced by Li Tuesday. “China is walking a tightrope on the fiscal front between infrastructure stimulus and LGFV [local government financing vehicle] deleveraging,” said Goldman Sachs analysts on Wednesday. In order to achieve the ambitious 5% growth target, more specific stimulus is needed, such as increasing manufacturing investments, Liu said.
Persons: Li Qiang, , , Sarah Tan, Li Tuesday, Goldman Sachs, Li, ” Nomura, Xi Jinping, Peiqian Liu, Liu, Pan Gongsheng Organizations: Hong Kong CNN, AFP, Getty, Goldman, Fidelity International, People’s Bank of China, Jefferies Locations: China, Hong Kong, Beijing, , Asia,
China is experiencing 'dual track growth,' economist says
  + stars: | 2023-11-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina is experiencing 'dual track growth,' economist saysPeiqian Liu, Asia economist at Fidelity International, discusses the uneven performance across the country's sectors and the need for a "proactive policy stance," which she says is already evident in some fiscal easing measures.
Persons: Peiqian Liu Organizations: China, Fidelity International Locations: Asia
SINGAPORE/HONG KONG, Nov 4 (Reuters) - Chinese stocks soared and the yuan jumped on Friday, setting Hong Kong's Hang Seng on course for its best week in a decade, on hopes for twin relief in U.S.-China tension and COVID rules. The Hang Seng (.HSI) surged either side of the midday break and was last up 7%, and heading for a weekly gain of more than 10% for the first time since November 2011. The Shanghai Composite (.SSEC) rose 2.7% and was headed for a 5.6% weekly gain, the largest in more than two years. The Hang Seng Tech index (.HSTECH) rose 8%. The yuan rose about 0.9% to 7.2410 per dollar, despite broad dollar gains elsewhere.
The Hang Seng (.HSI) surged 5.3% and notched its biggest weekly gain in 11 years. Shares in online giants Alibaba (9988.HK) and JD.com (9618.HK) each rose more than 10% and the Hang Seng Tech index (.HSTECH) rose 7.5%. However the Hang Seng remains down 30% this year against a 24% fall in world stocks (.MIWD00000PUS). China stocks market capBUY THE RUMOURChanges to COVID policies have not been officially flagged. Yet markets have desperate reasons to rally after the Hang Seng hit a 13-year low last month in the wake of China's Communist Party Congress.
China's smaller banks cut deposit rates to ease margin pressure
  + stars: | 2022-09-29 | by ( ) www.reuters.com   time to read: +4 min
Several Chinese city commercial banks and rural commercial lenders have cut their rates on a range of deposits this week, according to statements released on the banks' websites. The smaller lenders followed in the footsteps of some of China's biggest state-owned banks, which implemented rate cuts earlier this month. Peiqian Liu, China economist at Natwest Markets, noted the commercial banks' deposit rate cuts are part of the monetary policy transmission mechanism after the central bank cut key policy rates in August. "This rate cut by commercial banks will help improve the profit margin slightly and is technically opening up more space for further (benchmark lending) rate cuts." Four of the five of China’s largest banks, except for Bank of China, reported falling net interest margins (NIMs) in the second quarter.
Total: 5