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 …
FINANCE
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 …
‘We are working closely with China within BRICS’: Putin backs stronger bloc role
In an interview with Xinhua News Agency, ahead of the upcoming 25th Shanghai Cooperation Organisation (SCO) Summit taking place in the Tianjin municipality of China, the Russian President underlined …
PM Modi in China Live Updates: Modi, Xi & Putin come together to give Trump a message – BRICS takes centrestage
For India, it is an opportunity to push for better trade links, stronger connectivity, and joint efforts against terrorism, while carefully managing pressure from Washington.
China’s Biggest Bank Posts Profit Drop as Impairments Rise
Industrial & Commercial Bank of China Ltd., China’s largest bank, posted a decline in profits in the first half of the year as it contends with a persistent drop in margins and rising loan losses.
China’s big banks hit by soaring loan defaults
The top five banks in China are likely to announce disappointing results in several areas of their operations, with an economic slowdown …
Top China bank ICBC posts 1.4% H1 profit fall
Industrial and Commercial Bank of China Ltd (ICBC), (ICBC), the world’s largest lender by assets, reported on Friday a 1.4% drop in the first-half net profit.
China’s stock market outpaces global peers as local investors pile in
Stock markets in the US, Japan and Europe are trading at all-time highs as investors pile into equities, defying the warnings of many economists about the negative impact that US trade policy will …
A $23 Trillion Cash Pile Holds Key for Chinese Stocks’ Bull Run
The benchmark CSI 300 Index has been on a tear, rising 10% in August to be one of the world’s best-performing equity gauges amid a liquidity-driven surge. While hedge funds have been active in the…
