BlackRock CEO Larry Fink orchestrated the Panama Canal port takeover that made President Donald Trump happy, but the cost may be an angry Xi Jinping.
FINANCE
Elon Musk’s companies have billions in federal contracts but also deep ties to China. Trump said it makes him ‘susceptible’ as a businessman
Tesla, for its part, has received $11.4 billion in regulatory credits from federal and state governments, according to a Washington Post analysis. Cumulatively, Musk’s companies have received $38 …
AstraZeneca invests $2.5 billion in Beijing hub amid probe
AstraZeneca Plc will invest $2.5 billion in a new research center in Beijing, in a major show of commitment to China just months after the company’s top executive there was detained by authorities.
Canadian arm of China’s largest bank repeatedly broke money-laundering rules despite multiple warnings from regulators
Confidential documents show Industrial and Commercial Bank of China (Canada) failed to fix problems with its anti-money laundering and anti-terrorist financing controls despite successive orders from …
China’s banks cautiously adopt AI as state pushes DeepSeek rollout
While it has not been pushed as hard as in other industries, bank adoption of DeepSeek has begun, with Chinese media reporting as many as 20 banks using the AI. These include state-owned banks giants…
China’s central bank says to guide financial institutions to increase credit supply
BEIJING, March 21 (Xinhua) — The People’s Bank of China (PBOC) said Friday it would maintain ample liquidity in the financial system while guiding financial institutions to increase credit supply, …
China’s central bank says it will boost forex market resilience
China’s central bank will cut banks’ reserve requirement ratio and interest rates at the “appropriate time” and strengthen the resilience of its forex market, it said on Friday during a quarterly …
China’s Bank of Communications 2024 profit flat, warns of margin pressure
China’s Bank of Communications Co Ltd (BoCom) , reported a 0.9% rise in 2024 net profit, while warning of margin pressure and bad debt.
Pentagon Set Up Briefing for Musk on Potential War With China
Planning for a war with China has dominated Pentagon thinking for decades, well before a possible confrontation with Beijing became more conventional wisdom on Capitol Hill. The United States has …
China’s bond yields are rising — but economists say deflation worries could soon pull them lower
Chinese commercial banks across the country have rushed to dole out cheaper consumption loans, heeding Beijing’s call to bolster spending.
China’s next great crisis is about to unfold
China’s real estate market has experienced a significant crash, and the country is now facing a new crisis. The debate among observers is whether China’s current crisis is characterized …
2025 Global South Financiers Forum being held in Beijing
BEIJING — The main forum of the 2025 Global South Financiers Forum took place in Beijing on Thursday, with the theme of “Illuminating Global South.” …
China’s finance ministry to issue sovereign green bonds in London
China’s finance ministry has announced the impending issuance of sovereign green bonds in London, which will mark its first overseas sale of such bonds and a concrete step following high-level …
