Xu Chaofan, former head of the Kaiping subbranch of Bank of China in Guangdong province, has been returned to China from the United States to face trial on charges of embezzlement and corruption, the ……
FINANCE
Bank graft suspect repatriated from US
XU CHAOFAN, suspect in a US$485 million bank embezzlement case, was repatriated back to China yesterday, 17 years after he fled to the United States, the country’s top anti-graft agency said. Xu Chaof… ( read…
China approves set-ups of branches of overseas banks
The China Banking and Insurance Regulatory Commission (CBIRC) approved the application of Arab Bank for setting up a branch in Shanghai, and the application of CTBC Bank for establishing a branch in S… ( read…
Deutsche Bank Wins Nod to Underwrite Corporate Bonds in China
Deutsche Bank AG became the latest foreign bank to be allowed to underwrite China’s corporate bonds as the government opens up the onshore debt market. The German bank has received approval from the N… (…
Beijing urges U.S. firms in China to lobby Washington over trade war
BEIJING/SEOUL (Reuters) – China on Thursday said foreign firms … prepare responses and scenarios to cope with the economic impact of the trade row. Its finance minister also warned that the dispute … ( read…
Chinese Authorities Join Hands to Combat Beijing Pollution
finance and transportation, as well as senior regional officials from Shanxi, Shandong, Henan and Inner Mongolia. China is in the middle of a program aimed at integrating Beijing with its neighbors Ti… ( read original…
China’s biggest bank corruption criminal repatriated from US
A Chinese man who embezzled $485 million from his employer in the biggest bank corruption case in China’s history was repatriated on Wednesday by U.S. authorities, the country’s anti-graft agency said … ( read original…
China’s biggest bank corruption criminal repatriated from U.S.
BEIJING (Reuters) – A Chinese man who embezzled $485 million from his employer in the biggest bank corruption case in China’s history was repatriated on Wednesday by U.S. authorities, the country’s an… ( read original…
The Central Axis Delights 2018 Beijing International Youth Tourism Season
BEIJING, July 11, 2018 /PRNewswire/ — The 2018 Beijing International Youth Tourism Season was formally kicked off on July 10 at the Beijing FUN. Key governmental attendees at the opening ceremony inc… ( read original…
China Distance Education Holdings Limited Increases Investment in Beijing Ruida
In addition, CDEL maintains the right, at its option, to further increase its equity interest in Beijing Ruida up to 60% before April 2019 under certain pre-agreed conditions. The acquisition of the a… ( read…
Tesla moves first to hike prices in China as trade war hits car makers
BEIJING/SHANGHAI (Reuters) – U.S. carmaker Tesla Inc has hiked prices on its Model X and S cars by about 20 percent in China, becoming the first automaker to raise prices in the world’s largest automo……
China’s Xi pledges billions in loans, aid to Arab nations
Xi said another $151 million was earmarked for aid projects, with the remaining $23 billion designated for financial and economic co-operation . No details were given about how or when the money would … (…
China has to do more reform-wise and patience is growing thin: EU Chamber
China might be making some progress on its reform agenda, but a lack of more ambitious changes will lead to an elevation in existing tensions bubbling in the global economic system, a new report from…
