The figure increased by 269.8 billion yuan from the end of the previous quarter, further demonstrating the resilience of Chinese lenders against risks, according to the National Financial Regulatory …
FINANCE
China’s commercial banks resilient against risks: regulator
The figure increased by 269.8 billion yuan from the end of the previous quarter, further demonstrating the resilience of Chinese lenders against risks, according to the National Financial Regulatory …
China’s central bank to return to gold buying as prices ease, analysts say
China, the biggest official sector buyer of gold, is expected to resume its bullion shopping spree once prices ease from the record highs hit in May, as the fundamental case for the metal remains, …
Broad-Based ETFs Unleashing Opportunities to Invest in China A-Shares Amid Market Recovery
GUANGZHOU, China, June 10, 2024 /PRNewswire/ — According to a recent report about market data released by the Shenzhen Stock Exchange, there are a total of 379 ETF products with a combined market cap …
GT Voice: US has no right to interfere in China-Russia financial synergy
US officials expect the Group of Seven (G7) countries to send a “tough new warning” to smaller Chinese banks to “stop assisting Russia in evading Western sanctions,” Reuters reported on Sunday, citing …
China potential intact with strong trade and wealth flows despite economic uncertainties: OCBC
The bank saw a 45% surge in the number of Greater China companies it serves in South-east Asia from 2022 to 2023. Read more at straitstimes.com.
China’s plan to sell cheap EVs to the rest of the world
The resurrection of a car plant in Brazil’s poor north-east stands as a symbol of China’s global advance — and the west’s retreat.
China probes top exec at US$1.5 trillion state-backed investment firm for graft
A top executive at a major Chinese state-backed investment company is under investigation for corruption, the government’s anti-corruption body said Sunday, as an unrelenting crackdown on graft sweeps …
Financial facilitation to augment Pak-China business activities: NBP president Hasnie
President, Mr. Rehmat Ali Hasnie, participated in the Pakistan China Business Conference held in Shenzhen, China.Mr. Hasnie was among the delegation accomp …
China probes top exec at $2 trillion state-backed investment firm for corruption
Mr Xu Zuo is the latest to fall in President Xi Jinping’s near-constant crackdown on corruption. Read more at straitstimes.com.
Bank of Communications ups loan support for green transformation
BEIJING, June 9 (Xinhua) — The Bank of Communications, one of China’s largest commercial banks, has strengthened financial support for the green and low-carbon transformation of traditional sectors …
Watch out Beijing, China’s second-tier cities are on the up
In recent years China’s lesser-known cities have proved more magnetic. These rising metropolises come from the ranks of the second tier. There are 31 cities on this level, according to the government, …
Saudi Central Bank joins mBridge for better cross-border payments
Aiming to build a robust and innovative cross-border payments infrastructure, Saudi Central Bank (SAMA), Saudi Arabia’s central bank, said on Wednesday that it has joined the mBridge project as a …
