Last year, China scrapped a nationwide mortgage rate floor for individual homebuyers, seeking to bring down borrowing costs. The central bank then let the local interest rate self-discipline system, a …
Posts By admin
China investment bank CICC to acquire two smaller rivals
Beijing is trying to cultivate first-class domestic investment banks capable of standing up to global heavyweights Read more at The Business Times.
Investment bank CICC to acquire rivals as China pushes for consolidation
China International Capital Corporation (CICC), a prominent investment bank in the country, has said it will acquire two smaller brokerages as part of a government push to create financial giants with …
Think tank calls for HK-Shenzhen airport rail link
A think tank on Thursday proposed building an inter-airport railway between Hong Kong and Shenzhen to better integrate …
2Africa Submarine Cable’s Core Infrastructure Completed China Mobile International Advances Africa’s Digital Intelligence Development
China Mobile International Limited (CMI), along with seven global partners including Bayobab, center3, Meta, Orange, Telecom Egypt, Vodafone Group, and WIOCC, has jointly completed the core 2Africa …
Investing in China provides certainty amid uncertainty, USCBC says
Despite intensified uncertainties seen this year, Sean Stein, president of the US-China Business Council, said that most US companies remain deeply committed to the Chinese market. “We’ve seen over …
China October rare earth magnet exports fall for a second month, but US shipments surge
China’s rare earth magnet exports in October fell 5.2% from a month earlier, customs data showed on Thursday, down for a second month, but shipments to the United States surged to a nine-month high. B…
China imports no US soybeans for second month, Brazil arrivals up 29%
China imported no soybeans from the U.S. for a second straight month in October even as total imports surged to a record high on purchases from South America, with buyers aiming to avert supply disruptions…
China’s top investment bank CICC plans three-way merger to compete with global giants
Merger aims to fast-track the creation of a world-class firm. Read more at straitstimes.com. Read more at straitstimes.com.
China leaves benchmark lending rates unchanged for the sixth straight month
China left benchmark lending rates unchanged on Thursday for the sixth consecutive month in November, matching market expectations. WHY IT’S IMPORTANT The steady loan prime rate (LPR) fixings …
China’s central bank to sell bills worth 45 billion yuan in Hong Kong
China’s central bank said on Thursday it will sell 45 billion yuan ($6.33 billion) worth of yuan-denominated bills in Hong Kong on 24.
China’s top investment bank CICC plans three-way merger
CICC proposed a share-swap merger with Dongxing Securities and Cinda Securities to support China’s financial market reforms and promote the development of the securities industry, the company said on …
Beijing to ban all imports of seafood from Japan: Japanese media
A warning of more countermeasures by China against Japan, as a row triggered by the Japanese premier’s comments on Taiwan, escalates. The spat now expanding into the seafood industry, with Beijing …
ADVERTISEMENT
