China General Nuclear Power Group (CGN) has secured its first yuan-denominated trade finance to import Chinese PV modules for a solar plant in Brazil, official media said on Friday.
FINANCE
As US Looks to Seize Russia’s Assets China Dumps US Treasury Bonds
The US Senate approved a package of proposals on Tuesday that would send military help to Ukraine, Israel, and Taiwan, collect Russia’s frozen assets and transfer them to Kiev, and impose new …
Beijing bourse facilitates treasury bond issuance of over 1.12t yuan in Q1
BEIJING – More than 1.12 trillion yuan ($157.9 billion) of treasury bonds and over 66.79 billion yuan of local government bonds were issued on the Beijing Stock Exchange (BSE) in the first quarter of …
China’s Bank of Communications Q1 profit rises 1.44%
China’s Bank of Communications Co Ltd (BoCom) , reported a 1.44% rise in first-quarter net profit amid a slowing economy.
Terry Glavin: Iran is the China-funded fulcrum of global terror
China buys between 80 and 90 per cent of Iran’s sanctioned … which covers transactions between Chinese financial institutions and sanctioned Iranian banks. Biden signed that new sanctions law …
China’s CITIC Securities Q1 profit falls on lower fee, broker income
CITIC Securities Co , , China’s biggest brokerage, reported on Friday that first-quarter net profit fell 8.5%, hit by the sluggish investment banking environment.
Russia’s Yandex reports Q1 revenue rise as market awaits spin-off news
Russian internet giant Yandex reported a 40% rise in first-quarter revenue to 228.3 billion roubles ($2.47 billion), driven by growth in e-commerce and ride-hailing, with the market awaiting news on a …
Chinese Financial Services Shares Gain on Consolidation Hopes
Shares of several Chinese financial services companies traded higher Friday on expectations that the sector may see consolidation after state-run Guolian Securities announced its intention to buy …
China’s beefed up statistics and accounting laws under review, robust fines to increase cost of fraud
China is reviewing amendments to laws governing statistics and accounting, with Beijing eager to clamp down on inflated or manipulated economic statistics and uphold rules in the world’s …
Russian President Vladimir Putin to visit China in May as Moscow seeks to bolster ties with Beijing
This would be the Russian president’s first trip abroad since re-election, as Moscow seeks to strengthen ties with Beijing.
German carmakers are ‘ready for competition’ at Beijing motor show
Competition on the Chinese car market is tougher than ever, but German carmakers Volkswagen, Mercedes and BMW all said they aim to win a stronger presence there at the start of the Beijing Motor Show…
AstraZeneca CEO on US-China tensions: ‘We have established a very resilient supply chain’
AstraZeneca CEO Pascal Soriot told Yahoo Finance the company was most excited by 19% growth achieved in the first quarter, which was the result of strong product sales in every region around the world …
German ministers call on China, Gulf states to contribute climate finance
China and other big-polluting developing countries should pay more to help poor states cope with climate change, Germany’s foreign and development ministers said on Thursday, as countries prepare for …
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