An award-winning Chinese quant hedge fund has apologised to markt authorities and investors, after being punished with a trading ban for dumping stocks on local bourses, the first known case since the …
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Senior Tory MPs urge Keir Starmer to block China ‘mega’ embassy plans
Australia & China spar over Beijing’s ‘unsafe’ military manoeuvres
China’s economic growth slows to 4.8%, hit by tariffs and slack demand
How China Reacted to ‘No Kings’ Anti-Trump Protest in US
To hit back at the United States in their trade war, China borrows from the US playbook
In China, a Forbidden Question Looms: Who Leads After Xi?
China’s Global Network of Shipping Ports Is Too Big for Trump to Unravel
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‘Deeply sorry’: China hedge fund apologises after trading ban for ‘market disruption’ in first punishment since Beijing’s vow to stem stock rout
Philippines Could Sue China Over Cyanide Fishing—President
The Southeast Asian country is launching an investigation into its fishermen’s allegations of cyanide use at the contested Scarborough Shoal.
China’s economic troubles are hurting global banks
Of the total, $3 billion was related to BoCom, one of China’s biggest banks, while $2 billion was from selling its retail banking business in France. HSBC said the $3 billion impairment was calculated …
HSBC’s shares slide as record profit marred by $3 billion China hit
HSBC Holdings on Wednesday reported a $3 billion charge on its stake in a Chinese bank amid mounting bad loans in the world’s second-largest economy, taking the shine off a record annual profit.Shares …
China tightens reins on quant trading after three-day ban on fund
The stock exchanges of key financial hubs Shanghai and Shenzhen issued notices late Tuesday announcing they will deepen their scrutiny of market trades conducted by quant funds.
China Unicom becomes Middle Kingdom’s second carrier with a billion subscribers
Chinese mega-carrier China Unicom has claimed it’s signed up the billionth subscriber for its “Big Connectivity” service, making it the second Middle Kingdom carrier to operate at that scale. We know …
HSBC’s Q4-23 profit down 80% after taking $3b charge on its China bank stake
While rising interest rates globally boosted HSBC’s full-year earnings to a record, the bank has faced headwinds over the past year in China, one of its key growth markets. The ongoing real estate …
Russian media: China’s 3 biggest banks stop accepting payments from sanctioned Russian institutions
The restrictions have been introduced by the Industrial and Commercial Bank of China (ICBC), the China Construction Bank (CCB), and the Bank of China, the Russian state news outlet Izvestiya said.
Bank of East Asia cut its exposure to China’s troubled commercial property sector last year
Hong Kong’s largest family-owned lender said its non-performing loans in mainland China dropped by 0.47 percentage points to 2.68 per cent at the end of 2023 compared with the first half, as its …
China’s central bank slashes mortgage reference rate to tackle property crisis
(MENAFN) In a bid to address an enduring property crisis, China’s central bank has taken unprecedented measures by slashing its key mortgage reference rate. The People’s Bank of China (PBOC) declared …
Xi Jinping’s Socialist Solution: China’s Response to the Real Estate Crisis
Government authorities are predicted to intervene directly in the house rentals and sales market. According to the Wall Street Journal (WSJ), Chinese President Xi Jinping wants to entrust the state …
EU agrees new sanctions on Russia, blacklisting companies in mainland China for the first time
The European Union agreed on Wednesday to slap Russia with a new round of sanctions, which for the first time target companies in mainland China suspected of helping the Kremlin get hold of forbidden …
Letter of Credit Confirmation Market Report 2024-2028, 2033: Digital Transformation, Blockchain Adoption, and Collaboration Driving Worldwide Growth
Blockchain technology streamlines and secures international … The countries covered in the letter of credit confirmation market report are Australia, Brazil, China, France, Germany, India, Indonesia …
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