Xiamen International Bank says it has disciplined two employees over incident that highlights hierarchical nature of many workplaces. ( read original story …)
FINANCE
World Bank’s Malpass: China needs to ‘fully participate’ in debt relief
World Bank President David Malpass said that China and its creditors need to participate in coordinated efforts to provide debt relief to the world’s poorest countries. ( read original story …)
BlackRock Gets Nod to Set Up Majority-Owned JV in China
BlackRock (BLK) is set to further strengthen position in China, following the approval of the wealth management joint venture. ( read original story …)
iQIYI to Host Online Screenings for Beijing International Film Festival On the Cloud
QIYI Inc. (NASDAQ: IQ) (“iQIYI” or the “Company”), an innovative market-leading online entertainment service in China, is pleased to announce that it has become the exclusive online screening platform … ( read original story …)
Bank of China, Alibaba, Ant Financial establish partnership
(Xinhua) — Bank of China (BOC) on Monday signed a strategic cooperation deal with Chinese e-commerce giant Alibaba and fintech firm Ant financial to develop a new ecosystem in the internet and … ( read…
Bahrain’s GFH Financial picks up majority in Global Banking Corp.
GFH Financial Group has acquired an additional 21.8 per cent stake in Global Banking Corporation (GB Corp), which gives it a 50.4 per cent majority in the Bahrain investment Bank. This follows Central … (…
Bank Worker Slapped, Insulted for Not Drinking With Colleagues
The employee’s experience highlights the toxic drinking culture that’s still common at many Chinese workplaces. ( read original story …)
ByteDance investors seek to use stakes to finance TikTok bid: Sources
ByteDance investors are in talks to use their stakes in the Chinese technology firm to help finance their bid for its popular short-video app TikTok, according to people familiar with the matter.. ( read original…
China Investors Predict Record Defaults in Risky End to 2020
China’s fragile economic recovery is ushering in a dangerous new phase for the nation’s $4.1 trillion corporate bond market.With the economy now strong enough for policy makers to dial back financial … ( read original…
US-China financial decoupling an acute risk for markets: S&P Global Ratings
Shaun Roache of S&P Global Ratings says financial decoupling between the U.S. and China are an acute risk for the markets in the short run, which could tighten financial conditions and move exchange … (…
China Risk May Overshadow Emerging Markets Eyeing Vaccine Hopes
The final week of August may prove key for emerging markets attempting to erase this year’s losses as investors fret that rising U.S.-China tension will overshadow optimism on vaccine … ( read original story …)
China Vows Continued Support for Hong Kong as Financial Hub
China will provide support for its financial institutions who are doing business in Hong Kong while complying with regulations and offering services to residents and companies, the China Banking and … ( read original story…
US-China relations: Beijing condemns financial sanctions on Hong Kong
America’s ‘actions to undermine financial stability in Hong Kong are not only against the Chinese people but also against the people of the world’, CBIRC says. ( read original story …)
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