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…
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China’s former insurance regulator charged with bribery
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…
China c.bank raises interest rate on 1-year MLF
SHANGHAI, April 17 (Reuters) – China’s central bank raised the interest rate on one-year medium-term lending facility (MLF) loan by 5 basis points on Tuesday, matching hikes in other short-term money market rates. The interest…
China’s Economic Growth Remains Robust Amid Strong Retail Sales
People’s Bank of China Governor Yi Gang last week said economic indicators performed better than expected in the first quarter amid continued improvement in the global outlook. Industrial output by the mining sector decreased 1.1…
China’s first-quarter economic growth beats expectations on firm consumption, property sector
That’s positive news for Beijing, giving policymakers room to further reduce risks in China’s financial system and rein in pollution without stalling economic growth. Resilient consumption, which accounted for 77.8 percent of economic growth in…
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