Pan Gongsheng

New Business

China’s central bank vows to ease funding pressures on private sector

Chinese financial regulators have pledged to lower funding costs and open up fundraising options for the private sector, in the…

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New Business

China issues US$8.2 billion in bills in Hong Kong to stabilise yuan amid trade tensions

The People’s Bank of China (PBOC) said it would tender central bank bills totalling 60 billion yuan (US$8.2 billion) in…

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New Business

HKMA plans to launch US$13.7 billion facility to support yuan-settled international trade

The Hong Kong Monetary Authority (HKMA) said it would launch a 100 billion yuan (US$13.7 billion) funding facility at the…

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New Business

Year of the Snake: ANZ expects Hong Kong’s economy to benefit from capital flow, rate cut

Beijing’s recent measures will lead to more capital flows into Hong Kong equities, becoming a key driver of the city’s…

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New Business

My Take | Beijing’s US$3.2 trillion question: how much of China’s forex reserves go to Hong Kong?

China’s central bank chief Pan Gongsheng promised to park more of the country’s US$3.2 trillion foreign exchange reserves in Hong…

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China logs 5% GDP growth in 2024 as exports, stimulus provide year-end boost

China has reached its 2024 target for economic growth, recording a 5 per cent increase to its gross domestic product…

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New Business

Key Beijing official in Hong Kong calls for white paper to elevate capital market

Hong Kong’s capital market plays a key role in the city’s financial system and national strategies but it falls short…

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New Business

China ‘confident’ in 2025 economic rebound, Hong Kong is key: central bank chief

China has the confidence, capacity and tools to ensure its economy recovers and grows this year, the country’s central bank…

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New Business

To boost China’s yuan, central bank makes it easier for firms to borrow more foreign debt

China’s central bank has mounted a stronger defence for the yuan and the domestic foreign exchange market, as the country…

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New Business

Hong Kong stocks waver as 3 companies start trading on city’s exchange

Hong Kong stocks moved between gains and losses, as investors await greater clarity on stimulus from Beijing, while the yield…

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