UBS Group AG is preparing to apply for a mutual-fund license in China, according to people familiar with the matter, becoming the latest Western bank to take advantage of Beijing’s relaxed rules on …
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Comparing China’s and America’s millionaires by wealth, spending, and source of fortune shows how different the world’s 2 biggest economies are
At least 30% of China’s millionaires are entrepreneurs, compared to 15% in the US The main US industries for creating high-net-worth individuals were finance, professional services, and tech industry, …
Bloomberg: China urges state firms to drop Big Four auditors
Concerns about data security have prompted Chinese authorities to ask state-owned firms to stop using the four biggest global accounting firms as Beijing …
U.S. Treasury Sees ‘Difficult’ Debt Talks at G20 Finance Meeting
Comparative assessments and other editorial opinions are those of U.S. News and have not been previously reviewed, approved or endorsed by any other entities, such as banks, credi …
China approves $700 million loan to Pakistan: Finance Minister Ishaq Dar
The credit facility, extended through the state-owned China Development Bank, comes as Pakistan is thrashing out a deal with the International Monetary Fund (IMF) to unlock funds from a $6.5 billion …
Beijing urges state firms to drop Big Four auditors
Chinese authorities have urged state-owned firms to phase out using the four biggest international accounting firms, signaling continued concerns about data security even after Beijing reached a …
Putin critic warns China’s intention to supply Russia with lethal weapons for war ‘extremely disturbing’
Russia’s former largest foreign investor warns China will face a “very harsh economic response” from America if it provides military aid for Russia’s war against Ukraine.
How China’s millionaire crowd stacks up against America’s, in wealth, spending, and how they made their fortunes and it shows how different the world’s 2 biggest economies are
The size of China’s high-net-worth crowd has grown nearly ten-fold in the last two decades, according to London-based consultancy Henley & Partners.
China urges state firms to drop Big Four auditors – Bloomberg
Concerns about data security have prompted Chinese authorities to ask state-owned firms to stop using the four biggest global accounting firms as Beijing seeks to curb the influence of Western …
China approves $700 mn loan to Pakistan: Finance Minister Ishaq Dar
Pakistan’s all-weather ally China has approved a loan of USD 700 million to the cash-strapped country, Finance Minister Ishaq Dar announced on Wednesday.
China lends Pakistan further $700 million to shore up FX reserves
ISLAMABAD (Reuters) -Pakistan will this week receive a new $700 million loan from China to help shore up its foreign exchange reserves, the South Asian country’s finance minister said on Wednesday.
China Urges SOEs to Drop Big Four Auditors on Data Risk
Chinese authorities have urged state-owned firms to phase out using the four biggest international accounting firms, signaling continued concerns about data security even after Beijing reached a …
China In Eurasia Briefing: This Isn’t A Cold War, But It’s Getting Close
Top foreign policy officials from the United States and China spent most of the last weekend at the Munich Security Conference stressing that their governments were not seeking a new Cold War, but …