High-speed rail (HSR) is an important indicator of the modernization of a country’s transportation and a significant reflection of its level of industrialization. Despite developing HSR more than four …
FINANCE
How ICBC Turkey Is Flourishing as an International Bank and Facilitating Stronger China-Turkey Relations
Turkey is a strategically important country, acting as a bridge between Europe and Asia. ICBC Turkey, a subsidiary of China’s ICBC conglomerate, has been a crucial financial link between the two …
Biden’s bet on oil reserves highlights complicated relations with China
The Biden administration’s diplomatic inroads with China first surfaced this month in Scotland, where the two countries hammered out a surprise deal on boosting action on climate change.
China Stock Market May Spin Its Wheels On Wednesday
The China stock market has finished higher in three straight trading days, gathering more than 70 points or 2 percent along the way. The Shanghai Composite Index now rests just beneath the 3,590-point …
JPMorgan CEO Jamie Dimon: Bank will outlive China’s Communist Party
JPMorgan CEO Jamie Dimon threw down the gauntlet in a speech Tuesday — at least as a joke: He said his bank will outlast the Chinese Communist Party.
Is Higher Financial Stress Lurking around the Corner for China?
Despite China’s tighter financial policies and the Evergrande troubles, Chinese financial stress measures have been remarkably stable around average levels. Chinese financial conditions, though, are …
China’s central bank to dole out more financial policies to support SMEs, manufacturing
The People’s Bank of China (PBC), the country’s central bank, will appropriately raise risk tolerance and increase medium- and long-term loans to bolster manufacturing, and ramp up financial support …
Singapore-Chongqing financial connectivity strengthens amid pandemic
The Monetary Authority of Singapore (MAS) said on Tuesday in a press release that the financial connectivity between Singapore and China’s Chongqing Municipality has strengthened over the past year …
Property tax concerns for China’s homeowners, buyers amid Xi Jinping’s common prosperity drive
China’s property tax plan is part of Xi Jinping’s so-called common prosperity campaign to redistribute wealth and to address widening social inequality, but there are concerns about its wider …
China Slows Quant Hedge Fund Approvals as Trades Scrutinized
China is tightening approvals for quantitative hedge funds in the latest sign that officials are concerned about the potential market impact of trading driven by algorithms after a year of rapid asset …
China Ramps Up Aid to Small Firms Hurt by Economy’s Slump
China is beefing up financial support to small businesses to help them cope with a sharply slowing economy and soaring input costs. The State Council, China’s cabinet, released three documents in the …
Kuaishou Defies China Crackdown as Revenue Climbs 33%
Kuaishou Technology’s revenue increased 33%, defying China’s tech crackdown and intensifying competition with ByteDance Ltd.Most Read from BloombergAsia’s Richest Man Looks to Walton Family Playbook …
China central bank to lower corporate funding costs, aid small firms
China will keep liquidity reasonably ample and reduce funding costs, especially for small firms, a central bank official said on Tuesday, in a bid to support the slowing economy.The central bank will …
ADVERTISEMENT
