(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 …
BUSINESS
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 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.
From overcapacity to TikTok, the issues covered during Janet Yellen’s trip to China
Treasury Secretary Janet Yellen and her team are returning to Washington after a visit to China where they tried to tackle the biggest economic issues between the countries …
China’s EV Makers Bet They Can Dethrone Japan Brands in Thailand
Standing in front of a large crowd at last month’s Bangkok International Motor Show, an executive from Hozon New Energy Automobile Co. promised to double sales in Thailand to 30,000 electric vehicles …
China’s top funds seek to launch Bitcoin spot ETFs through their Hong Kong subsidiaries
China’s top funds are hoping to leverage Bitcoin’s novelty and potential to stand out in a highly competitive Hong Kong stock market.
As Janet Yellen decries China’s EV overcapacity, commerce minister calls such accusations ‘groundless’
Speaking in Paris to Chinese makers of electric vehicles and lithium batteries, commerce chief Wang Wentao vows Beijing will ‘fully support and defend’ their rights as Western pressure mounts.
Jamie Dimon says America ‘slept’ while China stealthily established itself as an economic powerhouse
J amie Dimon used his annual shareholder letter from JPMorgan Chase to highlight America’s need to engage with China, a nation he says has established itself as a “potential superpower” with the …
ADVERTISEMENT
