Bank of East Asia said it would pay an interim dividend of 35 HK cents a share as its first-half results benefited from an improving economic outlook.
FINANCE
Alibaba Sinks to Record Low as China Plans Further Crackdown
Alibaba Group Holding Ltd. shares slumped as much as 4.3% to a record low in Hong Kong on Thursday, extending a selloff in Chinese technology giants after Beijing hit the industry with a fresh round…
China sets firmer yuan midpoint fix, pushing basket index to 5-1/2-year high
China’s central bank set its official yuan midpoint slightly higher on Thursday, lifting its value against the currencies of its major trading partners to a fresh 5-1/2-year high. The People’s Bank of …
China Huarong Gets State-Led Bailout After Record 2020 Loss
Government-backed investors will recapitalize China Huarong Asset Management Co. after the bad-debt manager posted a record $15.9 billion loss, ending months of speculation over whether Beijing would …
Biggest financial risks tackled to ensure recovery
China will step up efforts to address major financial risks to ensure a stable recovery as growth momentum softens amid rising economic challenges, experts said on Wednesday. Their comments came after …
China’s Jan-July fiscal revenues up 20per cent yr/yr – state media
China’s fiscal revenues grew 20per cent in the first seven months of 2021 from a year earlier, state media quoted vice finance minister Xu Hongcai as saying on Wednesday.China’s fiscal expenditures …
Baidu Sells $1 Billion of Bonds Amid China Tech Crackdown
Baidu Inc. sold $1 billion of bonds in a two-part sustainable deal, according to people familiar with the matter, marking the first major global debt offering by a Chinese tech firm since Beijing …
China lures Western fund managers to tackle looming pensions crisis
The country’s ageing population is set to fuel a boom in wealth management as more workers seek to hand over their extensive pool of savings …
Baidu to Sell $1 Billion of Bonds Amid China Tech Crackdown
Baidu Inc. is selling $1 billion of bonds in a two-part sustainable deal, according to people familiar with the matter, marking the first major global debt offering by a Chinese tech firm since …
Zambia’s election winner expected to push for 20 per cent cut in country’s debt to China
Hakainde Hichilema’s landslide victory over President Edgar Lungu may herald a new approach to Chinese investment in the heavily indebted African nation.
NBP to participate in 2021 CIFTIS, Beijing
The National Bank of Pakistan will participate in the 8th China International Fair for Trade-in-Services 2021, scheduled to be held from September 2nd to 7th in Beijing. Talking to China Economic Net, …
Markets likely to be cautious; HDFC Bank, SBI Cards, SpiceJet in focus
Markets are likely to be cautious on Wednesday while trends in SGX Nifty suggest a flat opening of Indian benchmark indices …
China In Eurasia Briefing: Beijing, Moscow, And An Eye On Afghanistan
Welcome back to the China In Eurasia briefing an RFERL newsletter tracking Chinas resurgent influence from Eastern Europe to Central Asia I …
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