(Reuters) – Industrial and Commercial Bank of China is planning to issue as much as 40 billion yuan ($5.5 billion) of total loss-absorbing capacity (TLAC) bonds as soon as this month, Bloomberg News …
Monthly Archives For April 2024
Luxury brands rattled by China spending slowdown
STORY: Chinese shoppers are watching what they spend – and that could spell deep trouble for some of the world’s luxury brands. Top names are due to start reporting earnings next week, and investors …
China uncertainty clouds outlook for luxury sector
Investors are bracing for a steep slowdown in luxury sales when luxury companies report their first quarter results, reflecting lacklustre Chinese demand and comparisons with last year when the …
China’s ICBC plans $5.5 bln sale of loss-absorbing bonds, Bloomberg News reports
Industrial and Commercial Bank of China is planning to issue as much as 40 billion yuan ($5.5 billion) of total loss-absorbing capacity (TLAC) bonds as soon as this month, Bloomberg News reported on …
China’s anti-graft watchdog calls out local governments for ‘diseases’ of fake businesses, fake data, fake ‘likes’
CCDI slams officials for blind quotas forcing towns, districts to inflate business figures to meet unrealistic targets Provinces have been under pressure to boost economic growth since the pandemic …
Goldman’s Co-Head of China, Morse, to Retire After 16 Years
Goldman Sachs Group Inc.’s co-head of its China business, E.G. Morse, will retire after 16 years at the firm, according to an internal memo.
HSBC to sell Argentina business in $550 million deal
HSBC has agreed to sell its business in Argentina to Grupo Financiero Galicia, the largest private financial group in the country, for $550 million, the UK-based bank said on Tuesday.
China’s anti-graft watchdog calls out local governments for ‘diseases’ of bogus businesses, fake data, phony ‘likes’
CCDI slams officials for blind quotas forcing towns, districts to inflate business figures to meet unrealistic targets.
China communist party politburo member Zhao to lead delegation to North Korea
A Chinese government and communist party delegation led by Zhao Leji, a senior party official, will pay an official goodwill visit to North Korea, the North’s official KCNA news agency reported on …
China’s schools use AI. Why don’t ours?
Artificial intelligence isn’t designed to replace humans, it’s supposed to augment them and give them new tools. It’s how the US will stay competitive with China — through education.
China must rebalance economic development efforts to silence the West’s ‘overcapacity’ concerns
Beijing sees US criticism of overcapacity as an excuse for Washington to ratchet up protectionist measures against Chinese-made products.
Shoplifting duo have 11 children, use them to avoid jail time as China exempts expectant and nursing mothers from prison
Pair’s clothing shop closes due to Covid-19, desperate to feed children Repeatedly use pregnancy and breastfeeding times to steal from upscale shops A criminal duo in China who carried out a string of …
China’s property crisis hits small regional banks harder than big players
In terms of the scale of bad property debts, some institutions saw even larger increases. At the top of the list is Bank of Qingdao, headquartered in Shandong province, near Liaoning, which suffered a …
