The state-owned Industrial and Commercial Bank of China extended its Trump Tower lease while Trump was president, even though it had recently rented a bigger space nearby. The bank vacated around the …
FINANCE
Why Zambia’s debt restructuring is a critical test for China
The G20’s Common Framework was supposed to make resolving sovereign defaults more doable — but so far, it’s been a dud.
China AI Stocks Sink on Call for Beijing to Rein In Bubble Risk
Chinese shares related to artificial intelligence tumbled after a state media outlet urged authorities to step up supervision of potential speculation. Most Read from BloombergSaudi Arabia’s Drive to …
FirstFT: Xi’s anti-corruption push hits China’s financial sector
Also in today’s newsletter, Wall Street struggles with new investment research rules and cracks in European commercial property …
President Xi Jinping Is Now Going For A Crackdown Against China’s Financial Sector
China’s financial sector is experiencing multiple investigations into corruption and an unexpected increase in audits of venture funds. President Xi Jinping is emphasising a reform of the industry to …
China’s new world order is taking shape
We know about its vast economic ambitions, including the Belt and Road Initiative that has seen China finance and invest in major infrastructure projects around the world. But in recent weeks, Xi has …
Global economy fends off geopolitical and banking threats
The world’s leading economies are showing surprising resilience despite facing a perilous moment, according to research for the Financial Times that suggests the global economy may avoid a sharp …
Why has China launched an anti-corruption probe into its finance industry, and how will it defuse risk?
China’s top anti-corruption agency has launched a new round of inspections into some of the nation’s leading financial institutions The disciplinary campaign could exert more pressure on financial …
Chinese lenders shrug off global banking turmoil, gaining in value to top S&P regional market cap league table
Industrial and Commercial Bank of China topped the table, having gained 3.9 per cent to US$221.27 billion, China Construction Bank rose 4.22 per cent to clinch second place on US$164.19 billion, while …
Beijing’s probe into US chip firm Micron could help Chinese suppliers, South Korean rivals
The Chinese cybersecurity probe into US DRAM giant Micron Technology could shake up the memory chip supply chain in China, but whether big local rivals will benefit is still unclear, according to …
Europe is ‘counting on China’ to end Russia’s war in Ukraine, leaders tell Xi Jinping in Beijing
Europe is “counting on China” to help end Russia’s invasion of Ukraine. That was the message delivered personally to Chinese President Xi Jinping in Beijing on Thursday by both European Commission …
Morgan Stanley moves ahead with plan for wholly-owned futures company in China, as Beijing accelerates financial opening
In March this year alone, it was 49.9 trillion yuan. Beijing has vowed to open up the industry and allow foreign investors to trade products in the futures market. On January 12, Zhengzhou Commodity …
China Expands Gold Reserves at Central Bank For Fifth Month
China boosted its gold reserves for a fifth straight month, extending efforts by the world’s central banks to boost their holdings of the precious metal.
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