Courier companies are transferring workers from other cities and offering more pay to meet the demand for mounting orders.
FINANCE
Citigroup to Pull Out of Consumer Banking in China
The move is part of a wider step back from the business in Asia and elsewhere.
Progress in China-US audit oversight cooperation welcome: CSRC
U.S. audit oversight cooperation, the country’s top securities regulator said on Friday. On Dec. 15 local time, the U.S. Public Company Accounting Oversight Board (PCAOB) confirmed that it was able to …
China central bank pumps liquidity
China’s central bank has added liquidity to the banking system via operations of medium-term lending facility (MLF) and reverse repos.
Citi’s exit from China retail banking business to affect 1,200 employees
Citigroup first announced plans to exit consumer banking in 14 markets internationally, including mainland China, last year. It has since announced sales in nine markets.
China And The US At Odds As Globalisation Falters And Strategic Autonomy Rises
Strategic competition between the large regions will be the dominant theme acting on international political economy in 2023. In this note, we focus on a key element of this – globalisation and the …
China’s recovery is key to the 2023 outlook for industrial metals and more
Commodities in 2023 look to perform much like they did this year, with tight supplies boosting energy. Metals may get a lift from a recovery in China …
China reopening ‘a sentiment positive’ for oil, strategist says
CIBC Private Wealth U.S. Sr. Energy Trader Rebecca Babin joins Yahoo Finance Live to discuss China reopening, EU sanctions packages, and the outlook for oil markets.
U.S. PCAOB says it is able to inspect firms in China for first time
The U.S. Public Company Accounting Oversight Board on Thursday said it has determined that it has gotten full access to inspect and investigate firms in China for the first time in history.
Maxim Ryzhkov appointed CEO of Allianz Trade in China
Maxim Ryzhkov to drive strategic and fast-growing market in Asia Pacific Allianz Trade is pleased to appoint Maxim Ryzhkov as CEO of Allianz Trade in China with effect from 1 January 2023. Mr Ryzhkov …
Citigroup says it’s advancing plans to exit China consumer banking
Citigroup Inc. is advancing plans to exit its consumer banking business in China, a move that will affect about 1,200 employees in the country.
Citi’s exit from mainland China retail banking business to affect 1,200 employees
Citigroup first announced plans to exit consumer banking in 14 markets internationally, including mainland China, last year. It has since announced sales in nine markets.
Citigroup Moves to Exit China Consumer Banking
Citigroup is advancing plans to exit its consumer banking business in China, a move that will affect about 1,200 employees in the country.