Chinese President Xi Jinping says China will accelerate the creation of an SCO development bank as he seeks to expand the Shanghai Cooperation Organization’s influence and scope.
FINANCE
Xi vows more investments to boost China-led bloc
The president outlined a plan to bolster China’s global clout as Vladimir Putin and Narendra Modi tightened ties amid threats from Donald Trump.
BYD shares slide as China’s EV price war hits profits
Shares of Chinese electric vehicle maker BYD slid by as much as 8% on Monday after it reported a drop in profit because of a price war in China’s car sector. The carmaker had on…
Hong Kong’s crop of green bonds, ESG funds flourishes under mainland China’s climate push
City’s role as a bridge connecting mainland projects with the world ‘not easily found in other markets’, financial-services secretary says.
China rules business must help pick up pension bill as population ages
Chinese companies will have to start paying into employee pension plans this week, as Beijing pressures business to pick up the bill for an ageing population. Many workers have long agreed to let …
China’s Xi seeks expanded role for Shanghai Cooperation Organization with development bank
Chinese President Xi Jinping said China would accelerate the building of a SCO development bank at the annual summit of the Shanghai Cooperation Organization in Tianjin on Monday, as he seeks to …
Are There Opportunities to Invest in China?
Opportunities to invest in China are plentiful and, arguably, shouldn’t be ignored in the U.S. Here’s where to look.
China rules business must help pick up pension bill as population ages
Chinese companies will have to start paying into employee pension plans this week, as Beijing pressures business to pick up the bill for an ageing population. Many workers have long agreed to let …
Former PBOC Chief Zhou Pushes Back Against China Stablecoin Idea
China’s former central bank chief Zhou Xiaochuan issued a warning about the potential dangers of stablecoins, putting him in opposition to growing calls by policy advisers and economists for China to …
China banks pressured by rising loan losses, low margins
BEIJING] China’s mega banks are under pressure from rising allowances for loan losses and a continued margin erosion in their mission to support the world’s second-largest economy. Read more at The …
At summit, China’s Xi announces talent scheme, calls for SCO development bank
China welcomes dozens of political heavyweights, including Vladimir Putin and Narendra Modi, and chiefs of international organisations.
Banking Central | Lessons from Chinese meltdown for Indian banks
India’s banking landscape, while distinct, shares some parallels with China’s, especially in exposure to credit cycles and non-performing assets.
PM Modi in China Live: Modi meets Xi Jinping yet again, received for formal SCO Summit reception
PM Narendra Modi in China, PM Modi Meeting with Xi Jinping, Putin Live Updates: “Peace and stability is maintained along border following disengagement,” Modi said to Xi at the bilateral meet. He also …
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