Han gave the instructions at a meeting with Chief Executive Carrie Lam Cheng Yuet-ngor in Shenzhen on the eve of the Election Committee polls on Sunday.
FINANCE
EXPLAINER: Why World Bank is under fire over set of rankings
The World Bank has dropped a popular report that ranked countries by how welcoming they are to businesses after allegations that it bowed to pressure from China and other governments.
China seeks to lure new international corporate sustainability body to capital
Finance Minister Liu Kun sets out case for basing the new International Sustainability Standards Board in Beijing in letter to parent body.
Financial proceeds of China increase 18.4 pct in Jan.-Aug. period
Sep. 17 official figures demonstrated that financial proceeds of China recorded a year-over-year rise of 18.4 percent in the January-Aug …
Ex-World Bank officials under scrutiny on China after inquiry
The World Bank said it would discontinue its Doing Business” report in the wake of the investigation after internal questions involving data irregularities in the 2018 and 2020 editions of the report …
Beijing’s sovereign digital currency push to boost Hong Kong’s fintech start-ups
As Beijing pushes ahead with a sovereign digital currency and a national blockchain network, Hong Kong’s fintech community is using the city’s role as a bridge between mainland China and the rest of …
China’s ‘Common Prosperity’ Campaign is Going to Be Tough Going
Fixing inequality would require fundamental change in China’s tax structure and state system – reforms highly unlikely under the current political system.
Ucommune Announces Key Contract With Besunyen at Landmark Asset-Light Project in Beijing Asia Finance Center
Ucommune International Ltd. (NASDAQ: UK ) (“Ucommune” or the “Company”), a leading agile office space manager and provider in China, today announced that Besunyen Holdings Company Limited (“Besunyen”) …
China’s Evergrande problems deepen
Evergrande, the country’s second largest property developer, with debts of more than $300 billion, has admitted it is on the brink of default and is desperately scrambling to build up cash.
China’s fiscal revenue up 18.4% in first 8 months of 2021
China’s fiscal revenue logged a year-on-year increase of 18.4 percent in the first eight months of the year, official data showed Friday. Fiscal revenue amounted to about 15.01 trillion yuan (about $2 …
‘Not true’: IMF chief Georgieva denies pro-China pressure on World Bank report
The report found that Georgieva and other senior World Bank officials applied “undue pressure” on staff to boost China’s ranking in terms of business climate.
Allegations of favoring China could erode confidence in IMF chief
A storm of controversy threatens to undermine Kristalina Georgieva’s leadership of the IMF as experts, US lawmakers and the Treasury scrutinize her actions in a former senior role at the World Bank.
Beijing Winter Olympics to Implement ‘Rigorous’ COVID-19 Measures, IOC Says
The International Olympic Committee is looking to “reinforce” the solidarity displayed at the Tokyo Summer Games during the Beijing Winter Olympics with strict COVID-19 measures. On Friday, the IOC …
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