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Top related persons:
Pan Gongsheng - 2 Qilai Shen - 1 Pan - 1 Jason Lee - 1 Ellen Zhang - 1 Ryan Woo - 1 Ella Cao - 1 Jon Boyle - 1
Top related locs:
Beijing China Beijing China BEIJING Hope
Top related orgs:
Chint - 2 Bloomberg - 1 Getty - 1 China Hongqiao Group - 1 National Development - 1 Reform Commission - 1 Communist Party - 1 People's Bank of China - 1

Search resuls for: "Chint"


3 mentions found


☆ Chinese property stocks surge after central bank vows more support for private businesses
  + stars: | 2023-08-04 | by ( Lim Hui Jie | ) www.cnbc.com   time to read: +1 min
Other attendees included diary giant Yili Group, aluminum products manufacturer China Hongqiao Group and electrical components manufacturer Chint Group . At the symposium, PBOC governor Pan Gongsheng said the central bank will promote the expansion of private business bond financing support instruments, and strengthen the financial market to support their development. This is the latest move by the central government to boost market confidence and vow support for private businesses and the real estate sector amid signs of slowing growth. watch nowAt the Politburo meeting on July 24, the top leadership promised to "adjust and optimize policies" to boost the beleaguered property sector, as well as introduce measures to promote private investment. Separately, China's state planner, the National Development and Reform Commission, also released a 17-point statement, and pledged to encourage more private capital into the construction of major national projects.
Persons: Qilai Shen, Pan Gongsheng Organizations: Bloomberg, Getty, China Hongqiao Group, Chint, National Development, Reform Commission, Communist Party Locations: Beijing, China
☆ China's central bank to guide more financial resources to support private sector
  + stars: | 2023-08-03 | by ( ) www.reuters.com   time to read: +3 min
REUTERS/Jason Lee/File PhotoBEIJING, Aug 3 (Reuters) - China's central bank governor pledged on Thursday to guide more financial resources towards the private economy, suggesting refreshed urgency from Beijing to bolster the confidence among private firms as economic momentum weakens. During a meeting on Thursday with at least eight private firms from sectors including property, aluminium and agribusiness, the People's Bank of China (PBOC) Governor Pan Gongsheng said the bank would roll out guidelines to support private firms. Responding to some firms' requests of broadening bond financing channels, Pan said the central bank would expand debt financing tools for them. "Financial institutions should actively create a positive atmosphere to support the development and growth of private firms ... and increase willingness to lend." To revive confidence among private businesses, head of the economic planner also held several meetings with private firms last month to learn about their operation difficulties.
Persons: Pan, Jason Lee, Pan Gongsheng, Ellen Zhang, Ryan Woo, Ella Cao, Jon Boyle, Alison Williams Organizations: People's Bank of China, Congress, REUTERS, HK, China Hongqiao, Chint, Thomson Locations: Beijing China, BEIJING, Beijing, China, Hope
☆ Tesla suppliers shares jump as electric automaker cuts prices for some models in China
  + stars: | 2023-01-06 | by ( Jihye Lee | ) www.cnbc.com   time to read: 1 min
Hong Kong, China, 13 Sept 2022, A red Tesla car passes in front of a Tesla dealership in Wanchai. (Photo by Marc Fernandes/NurPhoto via Getty Images)Tesla's Chinese suppliers jumped after the electric automaker slashed prices for some models in China. Shenzhen-listed shares of Tesla's Chinese suppliers rallied on optimism the price cut could boost demand. Shares of Anhui Shiny Electronic Technology closed 8.8% higher and Hengdian Group DMEGC Magnetics gained nearly 9%. Zhejiang Chint Electrics closed 7.92% higher and Shandong Jinjing Science & Tech rose more than 6%.
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