Authorities in Beijing halted classes at 18 schools in one district after a teacher was infected with Covid-19, days before a key Communist Party meeting in the city.Most Read from BloombergInto the …
FINANCE
Credit Suisse plans accelerated China expansion, says China CEO
“at-above-post addthis_tool” data-url=” (Reuters) -Swiss investment bank Credit Suisse Group AG plans to accelerate its expansion in China, growing its team on the mainland by three times in the next …
Credit Suisse to Triple Onshore China Team in Next 5 Years – China CEO
Swiss investment bank Credit Suisse Group AG plans to expand its onshore team in China by three times in the next five years, the bank’s China CEO said on Tuesday. Janice Hu said in a…
PBOC Has Limited Easing Room, Says Former Central Bank Adviser
China’s fiscal policy will provide the main support to economic growth next year while significant monetary easing is unlikely, according to a former adviser to China’s central bank.
Worsening economic data coming out of China
According to the Wall StreetJournal, while some economists had expected factory output would improve as power curbs imposed last month eased, the PMI readings suggest that “the broader picture for …
How China’s property crackdown is being felt in a remote city steeped in Communist Party lore
Beijing’s push to reduce excessive borrowing in the property sector and tame house prices is hurting the finances of local governments who depend on land sales for income.
China’s Baidu appoints former CFO of TAL Education as finance chief
Baidu has named Luo Rong, former chief financial officer (CFO) of tutoring firm TAL Education Group, as its new CFO.
Hong Kong Is China’s Financial Gateway To The World
Hong Kong has long been a gateway to and from Mainland China, and different data points show that the city originates and intermediates about two-thirds of China’s inward foreign direct investment and …
Bank of America to seek approval for securities firm in China – Bloomberg News
Bank of America Corp is planning to file an application to set up a securities firm in China as part of its strategy to expand into the country’s burgeoning financial services market, Bloomberg News r…
China Online Medicine Shares Tumble as Beijing Clarifies Rules
Shares of Chinese online health-care providers have been battered since the government released draft rules last week that deepened concerns about restrictions on growth potential for the sector.Most …
Bank of America to Apply to Set Up Brokerage Unit in China
Bank of America Corp. is planning to apply to set up a securities firm in China, playing catchup to rivals including JPMorgan Chase & Co. and Goldman Sachs Group Inc. in an expansion into the…
China launches new regulatory rules to mitigate financial risk
China officially launched regulatory rules to secure capital cushions in big banks to absorb losses and prevent systemic risks in line with global standards, government officials said. Experts called …
China’s Baidu appoints Luo Rong as finance chief
REUTERS/Aly Song BEIJING (Reuters) – China’s search engine giant Baidu (NASDAQ:BIDU) said on Monday that it named Luo Rong, former chief financial officer (CFO) of tutoring firm TAL Education Group …