Citigroup Inc has applied for a securities license in China as the New York-based bank eyes a bigger presence in the world’s second largest economy, the Wall Street Journal reported on Friday.
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China round-up: Beijing advisers eye lower growth target
This round-up focuses on a potential 5%-5.5% annual growth target for the Chinese economy in 2022 China’s official manufacturing Purchasing Managers’ Index (PMI) rose to 50.1 in November from 49.2 the …
China Star Trader’s New Fund Attracts $16 Billion in One Day
Chinese investors placed orders worth $16 billion over one day into a new equity fund launched by the firm of a star stock picker, betting it can continue to outperform the market.Most Read from Bloom…
China top representative in Macau to advise govt on national security-state media
China’s top representative in the semiautonomous gambling hub of Macau will begin advising the former Portuguese colony’s government on national security matters, state news agency Xinhua reported on …
China’s commercial banks set for 10% profit growth in 2021: report
Chinese commercial banks are likely to see their profits grow by around 10 percent in 2021, the Bank of China Research Institute has forecast in a report. Through 2021, China’s banking sector has …
China tech rout deepens to $2 trillion after Didi deals blow to sector
Chinese tech shares fell near a record low in Hong Kong on Friday after Didi’s US delisting announcement.. Read more at straitstimes.com.
China-Listed Firms Rush to Divest Property Businesses Amid Sector Crackdown
China-listed companies are increasingly divesting real estate businesses amid stricter regulatory scrutiny of the industry, according to filings and state media, in a year dominated by headlines of …
China Shares Likely To Bounce Higher Again On Friday
The China stock market on Thursday wrote a finish to the two-day winning streak in which it had gathered almost 15 points or 0.4 percent. The Shanghai Composite Index now rests just beneath the …
US defense chief slams China’s drive for hypersonic weapons
America’s defense chief rebuked China on Thursday, vowing to confront its potential military threats in Asia and warning that its pursuit of hypersonic …
18th International Finance Forum to begin in Guangzhou, China
The virtual 18th annual International Finance Forum summit will run from today until Monday hosted in Guangzhou, China. Established in …
Can EU’s Global Gateway strategy compete with Beijing?
Global Gateway strategy is seen as a challenge to China’s Belt and Road Initiative. The goal is to raise $340bn to finance infrastructure. It will focus on transport, health, education, and digital …
FT Financial Literacy and Inclusion Campaign: China fights a financial fraud explosion
This article is part of the FT’s Financial Literacy and Inclusion Campaign to develop educational programmes to boost the financial literacy of those most in need. Financial literacy education gives …
Consumers’ Research Warns Governors against Investing State Pension Plans in BlackRock over China Ties
The funds could make ‘U.S. investors unwitting accomplices in the expansion of the CCP’s surveillance …apparatus,’ the letter states.
