China plans to reform the way banks calculate deposit rates, setting new ceilings of up to 75 basis points above the benchmark rate for some lenders, sources said.
Monthly Archives For June 2021
China’s producer prices surge the most since 2008, cutting into business profits
More pessimistic businesses expect the price increases will last until the end of the year, said Gan Jie, a Cheung Kong Graduate School of Business professor.
Dingdong Maicai files for IPO in the US
China’s omnichannel grocery online retailer Dingdong Maicai has submitted its IPO prospectus to the United States Securities and Exchange Commission, with a stock code of “DDL”, news portal Sina …
China Three Gorges New Energy Group’s IPO to debut on Shanghai Stock Exchange tomorrow
China Three Gorges New Energy Group (600905) to start trading on the Shanghai Stock Exchange – Main Board tomorrow. The firm will issue 8.57 bln shares priced at RMB 2.65 per share to raise RMB…
Beijing 2022: making technological and green history
As Beijing prepares to host the Winter Olympics and Paralympics next year, much emphasis is being placed on the environmentally friendliness of the games.
China: Professor killed party official at Fudan University
Authorities say a professor has killed the Communist Party secretary at the school of mathematics at China’s prestigious Fudan University …
Senate Overwhelmingly Passes $250 Billion Tech Investment Bill Aimed at Countering China
The legislation authorizes $190 billion in spending, much of it aimed at increased research and development at universities and other institutions.
Senate Passes Bipartisan Technology Bill to Compete With China
The Senate on Tuesday voted 68-32 to approve legislation that would spend a quarter-trillion dollars over the next five years on scientific research and development aimed at boosting the United States …
Online Broker Webull Considers $400 Million U.S. IPO
Online brokerage Webull is weighing an U.S. initial public offering that could raise about $300 million to $400 million, according to people with knowledge of the matter.
What is 996, the gruelling work culture polarising China’s Silicon Valley?
Demanding hours persist at Chinese tech giants and start-ups, where employees describe a culture that glorifies unquestioned dedication to work and looks down upon attempts to maintain a work-life …
US Senate passes bill to combat China’s growing economic influence
The Senate passed rare bipartisan legislation on Tuesday aimed at countering China’s growing influence by investing more than $200 billion in American technology, science and research.
China Considers Imposing Price Controls on Surging Coal Market
China is considering imposing a cap on the price of thermal coal as it struggles to contain stubbornly high energy costs ahead of peak demand over the summer.
China inflation: factory-gate prices hit near 13-year high as manufacturers pass on surging raw material prices
China’s official producer price index (PPI) rose to 9 per cent in May from a year earlier, while the consumer price index (CPI) rose 1.3 per cent from a year earlier.
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