Some bank customers in China have been warned about trying to withdraw the daily limit of 20,000 yuan without making an appointment to ensure that their branch has the cash on hand.
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China’s bank branches, ATMs dwindle amid e-payments and cashless shift
China’s attempt to rein in government-bond rally will only slow it temporarily: analysts
Even with intervention, changing the incentive for investors seeking stable yield could prove challenging,’ Natixis analyst says.
China’s Shake-Up of Emerging Beauty Brands to Intensify in 2024, Insiders Say
Under the current circumstances, the entire industry will be reshuffled in a cycle of two to three years, industry insiders said to Yicai. Some enterprises that adjust their products will grow but …
JPMorgan, UBS, Morgan Stanley, And Other Investment Banks Scale Back China Operations Amid Falling Profits And Market Challenges
In response to a sluggish economy and regulatory modifications, Western banks have significantly reduced their investment teams in China. What Happened: The investment banking workforce of Western …
Tim Hortons parent Restaurant Brands boosting presence in China
Restaurant Brands International says it’s spending up to $45 million to boost its presence in China and spur growth in what the company sees as a promising market.
The Dragon and Phoenix: How Beijing is Winning Battles in Its “Peaceful War” with the United States
Beijing has discretely employed a “red thread” of dragon and phoenix strategy to compete in the sea and air with its global rival—the United States. Following the Chinese mythology of the invisible red thread—which connects…
Hong Kong professor calls China’s crypto mining ban ‘unwise’, suggests opening up to digital assets
A professor at HKUST has questioned the logic of China’s cryptocurrency mining ban, suggesting that the government should embrace virtual assets amid geopolitical risks.
China’s top EV makers, Li Auto, Xpeng, and Nio, achieve strong sales despite discounts.
China’s top three premium electric vehicle (EV) manufacturers, Li Auto, Xpeng, and Nio, have demonstrated strategic business acumen. Despite the necessity for discounts and incentives, these companies …
Tim Horton’s parent company inks two deals to bolster presence in China
Restaurant Brands International says it’s spending up to $45 million on two deals intended to boost its presence in China and spur growth in what the company sees as a promising market. The parent …
Russia seeking China’s help to develop Arctic shipping route – is it worth it for Beijing?
Russia is seeking China’s help in developing an Arctic sea route that could almost halve the journey time between Europe and Asia, although the heightened geopolitical risk and Moscow’s suspicion …
Economic Watch: China’s central bank announces treasury bond borrowing to stabilize market yields
The People Bank of China PBOC the country central bank announced plans to conduct treasury bond borrowing operations with primary dealers in the o …
China to borrow treasury bonds from market traders to keep yields stable
China’s central bank, concerned about a decline in long-term bond yields, will borrow treasury bonds from primary market traders to maintain liquidity in the market.
China ‘at risk’ of wider decoupling after US, EU as Asean trade partners balk at imports flood
Word of caution comes from Chinese trade consultancy with the commerce and agricultural ministries and customs authorities among its clients.
