dChan - Q Origins Project Archive

>>20893507

>>20893098 lb

SAM837 G5 continues back to JBA from its Tel Aviv depart and stop at Brussels

Saudi AF SVA7045 737Ministry of Financedeparted Riyadh and on descent for Lisbon

Another one of these ACs arrived at Tokyo overnight >>20891254 pb

Senior Chinese official meets Saudi finance minister

Senior Chinese official He Lifeng met with Saudi Minister of Finance Mohammed bin Abdullah Al-Jadaan in Beijing on Monday. The two sides exchanged views on China-Saudi Arabia economic and trade relations, global economic governance, as well as other issues.

He, a member of the Political Bureau of the Communist Party of China Central Committee and director of the Office of the Central Commission for Financial and Economic Affairs, said that China is advancing its modernization drive in an all-round way, while Saudi Arabia is vigorously implementing its Vision 2030. The two sides should focus on implementing the important consensus reached by the leaders of the two countries, strengthen the synergy of development strategies, deepen multilateral and bilateral economic and trade cooperation, and promote the common economic development and prosperity of the two countries, He said.

https://www.bignewsnetwork.com/news/274379160/senior-chinese-official-meets-saudi-finance-minister

>>20756698 pb Planefag & Boatfag Reports Always Notable

>>20893565

SAM902 C40B departed Peterson SFB after arriving yesterday from JBA

This AC tied to JCOS Office

SPAR12 C-40C departed same after a few hours on ground-inbound from Scott AFB,IL

SPAR=Special Priority Air Resource

73-1677 E4B Nightwatch with its second trip to Tucson today for certs.

>>20893619

>ichael

>>20893618

Everything involving them gets vetoed at UN and they still bitch

China banks move to halt sales of large time deposits

Chinese commercial banks increasingly are suspending sales of large time deposits as they look to reduce costs amid a tougher business environment. China Minsheng Bank, a private-sector lender, halted new sales of large-denomination certificates of deposit (CDs) early this month, local media report. These fixed-income savings accounts are held for six months or more and require a minimum deposit of 200,000 yuan ($27,695).

CDs are a key source of funds for banks, with companies among the clients. But interest paid out from these products exceeds that for regular savings accounts, prompting some banks to revise sales strategies. China Merchants Bank, China CITIC Bank and Hengfeng Bank have stopped accepting new business for portions of large CDs.

China's banks are struggling to increase issuance of new loans. Both businesses and households face deep uncertainties in their economic prospects.In April, the amount of long-term financing for capital spending and home purchases plummeted by 56% from a year earlier.

Margins at banks have been shrinking steadily. The margin for all Chinese commercial banks stood at 1.69% as of December, the National Financial Regulatory Administration reports, the lowest figure on record. A self-regulatory body for the banking industry cites a margin of 1.8% as a warning line for maintaining a bank's financial health. The top four banks in China all reported margins below that threshold for 2023. The People's Bank of China, the country's central bank, kept loan prime rates unchanged on Monday. The one-year rate, used as a reference for lending to top companies, stayed at 3.45%. The five-year rate, which informs the pricing of mortgages, remained at 3.95%. The central bank action appears to take the banking sector's situation into consideration. An interest rate cut would stimulate demand for financing, but also would put downward pressure on margins across the board. Lower earnings would create more obstacles for liquidating nonperforming loans. The government announced additional measures Friday to prop up China's real estate market. Municipalities will make use of bank financing to buy unsold homes and convert them into subsidized housing. There are concerns whether the scheme will translate to earnings the municipalities can use to pay down debt.

https://asia.nikkei.com/Business/Finance/China-banks-move-to-halt-sales-of-large-time-deposits