Beijing, Shanghai and a host of other Chinese cities have issued new price guidelines for after-school classes, reducing them by as much as 70 percent in some cases, as part of the Chinese …
Tagged By banking
China’s central bank releases pilot version of digital yuan wallet
As China’s central bank steps up its effort to create a digital currency, the country has released a pilot edition of its digital yuan wallet application on mobile phone app stores. The People’s Bank …
IEEFA: Accepting gas as unsustainable will bolster China’s position on green energy finance
As some green taxonomies compromise on gas, China’s own exclusion of fossil fuel electricity projects sends the right market signal.
Oil Falls on Tighter U.S. Monetary Policy, China Demand Angst
Oil retreated for the first time in four days on the prospect of tightening U.S. monetary policy, and on signs Chinese demand will weaken due to the worst Covid-19 outbreak since the initial flareup …
Attracting the Right Talent to Grow a Young Bank
Why is the Bank also recruiting young talent? Young talent have a lot to contribute to AIIB; at the same time, they can learn a lot from AIIB. We are a fast-growing institution and expanding…
Finding China’s Moderna is a financial long shot
HONG KONG, Jan 6 (Reuters Breakingviews) – Finding China’s answer to Moderna (MRNA.O) comes with huge health warnings for investors. The $87 billion biotechnology giant’s Covid-19 vaccines have …
IGM Financial unit to double stake in ChinaAMC for $901 mln
Canadian asset management firm IGM Financial Inc IGM.TO said on Wednesday its subsidiary Mackenzie Financial Corp will acquire a 13.9% stake in China Asset Management Co in a C$1.15 billion ($900.55 …
China Property Tax Trial Likely Delayed During Real Estate Slump
(Bloomberg) — China’s property tax could be another casualty of the … a Peking University professor who is also the legal adviser to the Finance Ministry and legislative adviser to the standing …
Central bank issues plan to boost fintech industry
The People’s Bank of China, the country’s central bank, released a development plan on Tuesday for the fintech industry between 2022 and 2025. Data-driven, smart, people-oriented, low-carbon, fair and …
IGM Financial To Buy Power Corp. Of Canada’s 13.9% Stake In China Asset Management For C$1.15 Bln
IGM Financial Inc. (IGM.TO) said that its subsidiary Mackenzie Financial agreed to acquire Power Corporation of Canada’s (POW.TO) or …
Power Corporation Group of Companies Consolidates Interest in China Asset Management Co., Ltd. Under IGM Financial
Under the agreement, Power will sell its 13.9% ownership stake to Mackenzie Financial Corporation, a wholly owned subsidiary of IGM, for aggregate consideration of $1.15 …
Evergrande asks bondholders to postpone repayment
A troubled Chinese real estate developer with $310 billion of debt is asking investors in one of its bonds to postpone when they will be repaid.
‘China is Uninvestable,’ Says Renowned Bond Investor Gundlach
Jeffrey Gundlach says he has never invested in China. ‘I think that investments in China could be confiscated,’ he said.
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