BEIJING (Reuters) – The former vice president of China Development Bank (CDB) Wang Yongsheng has been sentenced to 12 years imprisonment and fined two million yuan ($280,000) for accepting bribes, …
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Thai king becomes country’s first monarch to visit China
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China Development Bank Former VP Given 12 Years in Jail, Fine for Bribery
China Cuts Benchmark Lending Rates
China’s commercial lenders cut their benchmark lending rates in a highly anticipated move as policymakers intensify efforts to boost the ailing economy.
China lowers interest rate more than forecasts
The People’s Bank of China has lowered its policy interest rate by 25 basis points to 3.1%, according to an official statement on Monday. Meanwhile, the market expectation was 3.15% for the one-year …
China’s first financial law platform released soon
China’s first online platform for searching overseas financial laws and regulations will open soon, in order to help build a sound business environment and promote high-level opening-up by the rule of …
CITIC to sell stake in McDonald’s China, Hong Kong business for $430.3 mln
China’s state-owned CITIC Ltd has agreed to sell its 19.23% stake in Fast Food Holdings, the company behind McDonald’s China and Hong Kong operations, to Trustar Fast Food Holdings for $430.3 million.
China public figures, celebrities whose philanthropy makes significant impact
From Covid-19 pandemic support to education for impoverished children, high-profile celebrities in China are making a difference through charity.
China will press ahead with internationalisation of yuan and markets: Sibos panellists
China’s financial sector has and will continue to embrace opening up and cooperation,’ said Lu Lei, deputy governor of the PBOC.
China tightens export controls for tech and goods with military use, ahead of Xi’s trip to Russia
China unveiled a set of regulations on export control of goods and technologies that could be used for military purposes.
China Responds as US and Canada Sail Warships to Flashpoint
The Chinese military claimed it tracked and monitored the American and Canadian warships in the Taiwan Strait.
Taiwan’s September export orders miss expectations, China drags
Taiwan export orders fell short of expectations for September, losing some steam ahead of the year’s end as it remained buoyed by the artificial intelligence wave but ran into faltering demand from …
Top China Quant Winds Down Strategy Pummeled by Market Rally
A top Chinese quantitative hedge fund is shutting down its market-neutral products, exiting a strategy that saw widespread industry losses recently when a surge in local stocks squeezed their short positions.
China aims to export nuclear tech but faces global skepticism
China is rapidly expanding its nuclear energy sector, with nuclear power currently accounting for only about 5% of its electricity generation compared to nearly 70% from coal. Despite this low …
China to support listing of innovative SMEs on Beijing Stock Exchange, ‘new third board’
BEIJING – China will intensify its support for the listing of high-quality innovative small and medium-sized enterprises (SMEs) on the Beijing Stock Exchange and the “new third board,” a financing …
