Friday, Apr 20 2018 | Time 20:19 Hrs(IST)
image
image image
  • Punjab releases 60,000 gas connections on Ujjwala Diwas
  • Haryana to form Durga Vahini squads to stop women from being harassed in public spaces : CM
  • Sunanda Pushkar case: Delhi Police files affidavit, updates current status to SC
  • Kangra valley drenched as mercury dips
  • JSW Bengaluru FC best team in this season at Indian domestic level: Roca
  • APCC shows demonstration in front of SBI
  • Khattar directs DCs to get survey conducted to ensure every household has gas cylinder
  • Mehbooba express grief over death of Sachar
  • Centre extends ceasefire with NSCN-NK & NSCN-R till 2019
  • JSW Bengaluru FC beat Kingfisher East Bengal 4-1 in inaugural Hero Super Cup final
  • Warm, dusty day in Delhi, air quality poor
  • Protest by some people cannot take away excellent Q&A session, Omar
  • Cash of Rs 32 54 crore seized for Code of Conduct violations in Karnataka
  • Turkish parliament approves holding snap elections on June 24
  • Charles to head Commonwealth
World Share

China central bank says to tighten oversight of company debt, bank assets

BEIJING, Feb 17 (Reuters) China's central bank said today it plans to tighten up its oversight in a range of areas including corporate debt and bank assets, as policymakers fret over fast-rising leverage and the risk of asset bubbles in the rapidly growing economy.
The People's Bank of China (PBOC) also said it will keep the yuan currency basically stable while maintaining a prudent and neutral monetary policy.
"We will increase monitoring of corporate debt risk, bank asset quality and liquidity, abnormal stock market fluctuations, use of insurance funds, property bubble risks...and cross-border capital flows," the central bank said in its fourth-quarter monetary policy implementation report.
China has relied on rapidly increasing credit to fuel economic growth in recent years, but policymakers have begun to point to the threat of asset bubbles forming.
Home prices rose rapidly in many Chinese cities last year, leading to new restrictions on purchases and lending in dozens of cities since October.
The central bank said on Friday that China should restrict lending for property market speculation and build a long-term mechanism for the healthy development of the housing market.
Top leaders in December vowed to focus on controlling financial risks this year, and the central bank has moved to a tightening bias in recent months, including raising the rate on the unofficial policy rate on Feb. 3.
The PBOC on Friday also said it will increase two-way flexibility of the yuan while keeping the currency basically stable.
China's yuan fell 6.5 percent last year against the dollar and is expected to weaken further this year, as policymakers respond with tighter restrictions on capital outflows
Reuters CJ PR1951
More News
Kimono set to represent 196 nations at Tokyo Games

Kimono set to represent 196 nations at Tokyo Games

20 Apr 2018 | 7:21 PM

Tokyo, Apr 20 (UNI) A project is under way to create kimono illustrating the culture of each of 196 countries including Japan, aiming to showcase them at the 2020 Tokyo Olympics and Paralympics, a Jiji Press report has said.

 Sharesee more..

20 Apr 2018 | 4:42 PM

MPs from the Congress, the Nationalist Congress Party (NCP), Left parties
Communist Party of India-Marxist (CPI-M) and Communist Party of India
(CPI), the Samajwadi Party (SP), and the Bahujan Samaj Party (BSP)
signed the notice calling for the impeachment.

 Sharesee more..
UK apologises for torn India flag in anti-Modi protests

UK apologises for torn India flag in anti-Modi protests

20 Apr 2018 | 4:30 PM

London, Apr 20 (UNI) The UK has apologised after the Indian flag in London's Parliament Square was torn down amid protests against Prime Minister Narendra Modi's visit.

 Sharesee more..

Kathmandu airport closed after jet skids off runway

20 Apr 2018 | 4:04 PM

Kathmandu, Apr 20 (UNI) Kathmandu airport was closed Friday after a Malaysian jet with 139 people on board aborted its takeoff and skidded off the runway, officials said.

 Sharesee more..

China challenges Aus warships in South China Sea

20 Apr 2018 | 3:58 PM

Canberra, Apr 20 (UNI) Australian Prime Minister Malcolm Turnbull has asserted the right of the Australian navy to travel the South China Sea, after local media reported three Australian warships were challenged by the Chinese navy earlier this month.

 Sharesee more..
image