China to unleash 700 billion yuan in reserves cut for some banks

Tesla Inc. confirmed it’s lined up 11.25 billion yuan ($1.6 billion) in financing from local banks for its Shanghai factory as it prepares to begin deliveries of China-made Model 3 sedans to local consumers......»»

Tesla Inc entered into agreements with lenders in China for a secured term loan facility of up to 9 billion yuan ($1.29 billion), according to a regulatory filing on Thursday......»»

China’s central bank will unleash roughly 900 billion yuan ($126 billion) into the financial system, in an effort to boost lending as the world’s second-largest economy faces increasing pressure from a trade war with the U.S......»»

USD/CNY (CNY=X) China’s new yuan loans shrink, M2 growth unchanged Chinese banks extended 1.15 trillion yuan (about 179.7 billion U.S. dollars) in new yuan-denominated loans in May, edging down from 1.18 trillion yuan in Ap.....»»

China's state-owned automaker FAW Group said it signed a deal with 16 banks for a credit line worth over 1 trillion yuan ($144 billion), but did not give specific reasons as to why it wanted to secure access to such a large amount of funding......»»

China's state-owned automaker FAW Group said it signed a deal with 16 banks for a credit line worth more than 1 trillion yuan ($144 billion), an eye-catching amount analysts said was mostly symbolic, albeit an important signal of government support......»»

China's central bank said on Friday it was cutting the amount of cash that banks must hold as reserves for the fifth time in the past year -- freeing up $116 billion for new lending as it tries to reduce the risk of a sharper economic slowdown......»»

China's central bank said on Friday it was cutting the amount of cash that banks have to hold as reserves for the fifth time in a year, freeing up $116 billion for new lending as it tries to reduce the risk of a sharp economic slowdown......»»

China's central bank said on Friday it will release about 250 billion yuan ($37 billion) in additi.....»»

The lender, the most global of the U.S. banks, said net income fell to $2.52 billion, or $1.05 per share, in the first quarter......»»

JPMorgan Chase & Co's profit plunged by more than two-thirds in the first quarter as the largest U.S. bank put aside nearly $7 billion in reserves to protect it from a wave of potential loan defaults in the months ahead......»»

JPMorgan Chase & Co's profit plunged by more than two-thirds in the first quarter as the largest U.S. bank put aside nearly $7 billion in reserves to protect it from a wave of potential loan defaults in the months ahead......»»

SHENZHEN, China, March 30, 2020 /PRNewswir.....»»

Their earnings sank 38 percent from the prior year to 410.7 billion yuan ($58.15 billion), according to China’s National Bureau of Statistics. The data from January and February are combined to smooth the impact of the Chinese Lunar New Year......»»

China is set to unleash trillions of yuan of fiscal stimulus to revive an economy expected to shrink for the first time in four decades amid the coronavirus pandemic, while a planned growth target is likely to be cut, according to four policy sources......»»

Chinese airlines reported a total loss of 20.96 billion yuan ($3 billion) in February as the coronavirus epidemic spread and hit travel demand, the aviation regulator said on Thursday......»»

CATL , China's top electric vehicle battery maker, said it aims to raise up to 20 billion yuan ($2.85 billion) in a private placement of shares to fund its battery projects and boost working capital......»»

More than 300 Chinese companies are seeking bank loans totalling at least 57.4 billion yuan ($8.2 billion) to help to soften the impact of the coronavirus outbreak in China, two banking sources said......»»

Alibaba Group Holdings said on Monday its affiliate Ant Financial's MYBank unit would offer 20 billion yuan ($2.86 billion) in loans to companies in China in light of the coronavirus outbreak, with preferential terms for Hubei firms......»»

China's finance ministry said on Sunday all levels of government  had allocated a total of 71.85 billion yuan ($10.26 billion) as of Saturday afternoon to fight coronavirus......»»