Industrial and Commercial Bank of China , (ICBC) said on Friday its wealth management joint venture with Goldman Sachs Group Inc had received the country’s banking regulator’s approval to begin …
Monthly Archives For June 2022
China browbeats wealthy savers into rescuing homes market
Chinese families with sizable bank deposits but no plan to purchase a home now run the risk of being blacklisted for their “malice” in not contributing to a tan …
Russia and China are brewing up a challenge to dollar dominance by creating a new reserve currency
The new BRICS basket-based currency would challenge the US dollar-dominated IMF’s basket and allow Russia to widen its sphere of influence.
China’s new live-streaming guidelines set to change the influencer business known for its ‘low threshold, high income’
The commentary was made a day after China issued new regulations on the live-streaming industry, including 31 banned behaviours and requirements for influencers to have relevant qualifications to …
Inflation Makes Biden Look Bad. But Corporate America’s Pro-China, Anti-Tariff Push Bound To Fail
The White House keeps blaming Russia for inflation. But to lower it, they want to give China importers a helping hand.
Beijing Regards Musk’s Satellites As Threat; Billionaire May Find It Harder To Operate In China: Report
As per report, Beijing’s military planners fear a scenario in which Musk’s satellites are deployed to conduct surveillance of China or support Taiwan. As per a recent report by the Financial Times, …
China’s world’s factory tag threatened by Vietnam, but ‘there’s nothing to worry about’, analysts say
Worries that Vietnam could replace China to become the new manufacturing powerhouse are overstated, according to analysts, despite lockdowns and stringent coronavirus restrictions shifting orders to …
China continues to import Iranian oil, shipping in new 2m-barrel cargo
Iran has delivered a new shipment of nearly two million barrels of crude oil to China’s southern Zhanjiang port over the past week, Reuters reported, citing shipment tracking sources.
Chinese Tech Company Ximalaya Pulls Planned IPO Yet Again
Poor market conditions and the uncertain status of Chinese tech listings cause the podcast market leader to put off its Hong Kong IPO.
China’s financial market sees improved capability in serving real economy: central bank
China’s financial market saw improvements in its capability to serve the real economy over the past decade, according to the central bank.
A Decade of Evolution for China’s Financial System
With steady efforts to push structural reforms and expand opening-up, China’s financial system has gradually evolved and matured over the past decade, offering solid support to the stability and …
China’s Hebei sees foreign trade exceed 200 bln in Jan-May
The foreign trade value of north China Hebei Province reached 21051 billion yuan about 315 billion US dollars in the fir …
Has Luxury Missed China’s Glamping Craze?
Two years have passed since 2020’s “Year of Camping” but tents and glamping are still trending. Is it too late for brands to tap the momentum?
