Concern that China will further free up bank deposit rates is prompting investors to dump financial stocks across the mainland, with insurers including Ping An Insurance (Group) Co. becoming collateral damage. Ping An’s yuan-denominated shares…
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China criticises Dutch minister over Nexperia comments ahead of visit to Beijing
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Fresh off commissioning new aircraft carrier, China starts sea trials of amphibious assault ship
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Thai king becomes country’s first monarch to visit China
China’s economic slowdown deepens in October as housing slump worsens and investments shrink more than expected
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Ping An A-Shares Trade at Rare Discount as China Finance Hit
China’s economic growth holds steady amid trade dispute
In a speech last week, President Xi Jinping promised to open China’s markets wider, cut import duties on autos and ease restrictions on foreign ownership in the auto and finance industries. He gave no details…
China growth beats forecasts in face of trade row, financial risk
China’s economy grew more than expected in the first quarter as it withstood headwinds from Beijing’s fight against financial risk and pollution, and trade tensions with the United States. While acknowledging the potential negative impact…
China’s former insurance regulator charged with bribery
The former head of China’s insurance regulatory body has been formally charged with bribery and abuse of power, prosecutors said on Monday, becoming the most senior financial regulator to be targeted in a continuing crackdown…
China posts better-than-expected 6.8% growth in Q1
China’s economy grew a forecast-beating 6.8 percent in the first quarter, official data showed Tuesday, overcoming Beijing’s battle on financial risk and pollution and trade tensions with the US. The world’s number two economy exceeded…
Tmall Global Gives Spanish Beauty Brands Boost in China
Spanish skincare companies have over 10 million reasons to be optimistic about their future in China. That’s the number of ampoules—a small sealed vial containing a beauty serum with highly active ingredients—that were sold during…
Old brands develop for new era
TIANJIN – At a trade fair in North China’s Tianjin, Liu Fang has found a kind of colored ink interesting. The Ostrich-brand ink is mixed with golden powder, making written characters sparkle on paper. Liu,…
China’s property investment fastest in three years but sales slow
BEIJING (Reuters) – China’s real estate investment posted its fastest year-to-date growth in three years and new construction accelerated in the first quarter, however, property sales slowed as borrowing costs rose and demand appeared to…
UPDATE 1-China’s property investment fastest in 3 years but sales slow
* Q1 property investment +10.4 pct y/y, vs +9.9 pct in Jan-Feb * Property sales +3.6 pct vs +4.1 pct in Jan-Feb * New construction starts +9.7 percent vs +2.9 pct in Jan-Feb BEIJING, April…
China First-Quarter Property Investment Rises 10.4 Percent Year-On-Year
BEIJING — Real estate investment in China rose 10.4 percent in the first quarter from a year earlier as the pace of new construction sped up, while property sales slowed in the face of intensified…
China bank goes staffless at a branch; robots replace tellers
At mid-morning on a busy street in central Shanghai, Liang Min, a salesman, has entered a branch of the China Construction Bank (CCB) to withdraw money. “I need 20,000 yuan,” he says. He is talking…
Bank of Singapore to double wealth management staff in Hong Kong to cater to China’s rich
Bank of Singapore, the private banking arm of Singapore’s second-biggest lender OCBC, plans to double its staff in Hong Kong as it eyes wealth management business from China’s growing number of millionaires and billionaires, according…
DBS CEO upbeat on foreign bank access expansion
He was impressed with the quick follow-up from China’s central bank Governor Yi Gang, who, in his speech, provided specific details for the financial services sector. “The idea that foreign banks can have not only…
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