China's banking institution stability fends off, defuses risks in key areas: report

Banking institutions in China have maintained sound operations with risks generally under control in 2023, according to a central bank report.

The China Financial Stability Report 2024, released by the People's Bank of China (PBOC) recently, said that China had been actively supported the development of real economy.

In 2023, the required reserve ratio was cut across the board on two occasions by a total of 0.5 percentage points, unleashing over 1 trillion yuan (about 137 billion U.S. dollars) of medium and long-term funds into the capital market, said the report.

According to the report, all-round efforts were made to ensure stable performance of the real estate market. Meanwhile, the central bank continued to resolve risks of small and medium-sized banks and improve mechanism to deal with risks in cross-border capital inflows and outflows.

China's banking institution stability fends off, defuses risks in key areas: report

Thailand's caretaker Prime Minister and Bhumjaithai Party leader Anutin Charnvirakul announced on Sunday that the Bhumjaithai Party had won Thailand's House of Representatives election.

With more than 87 percent of ballots counted by the country's Election Commission, the Bhumjaithai Party was leading the vote, followed by the People's Party and the Pheu Thai Party in third.

Speaking earlier, People's Party leader Natthaphong Ruengpanyawut said his party accepted the results so far and was prepared to serve as the opposition if Bhumjaithai succeeds in forming a government.

About 50 million eligible voters cast ballots on Sunday to elect all 500 members of the lower house. A simple majority of 251 seats is required to elect a prime minister and form a new government.

Thai caretaker PM says Bhumjaithai Party wins House of Representatives election