While China’s property sector is already on a downward trend, plans to expand the property tax will probably only add to the housing market’s woes. The market is wondering why Beijing is sticking to …
Tagged By banking
China’s Oct services activity expands at faster clip – Caixin PMI
The Caixin/Markit services Purchasing Managers’ Index (PMI) rose to 53.8 in October – the highest since July – from 53.4 in September. The improved readings in the private survey, which focuses more …
Yahoo pulls out of China, ending tumultuous two-decade relationship
In recognition of the increasingly challenging business and legal environment in China, Yahoo’s suite of services will no longer be accessible from mainland China as of Novem …
Bank of America plans brokerage unit in China
Bank of America Corp is planning to apply to set up a securities firm in China, joining a push by rivals including JPMorgan Chase & Co and Goldman Sachs Group Inc into the US$54 trillion…
Won Gets Supercharged by a Central Bank Out to Tame Inflation
South Korea’s won has bounced back after a dismal third quarter and a coming interest-rate hike could give it another boost.Most Read from BloombergSupply Chain Crisis Risks Taking the Global Economy …
China to further support consumer services sector China to further support consumer services sector
China on Tuesday issued guidelines to further support the country’s services sector, aiming to improve people’s quality of life in many aspects. China’s consumer services industry has developed …
The Latest: UK sets net-zero plan for its financial sector
The British government plans to make the U.K. “the world’s first net-zero aligned financial center” as companies and investors seek to profit from the drive to build a low-carbon economy. U.K.
The Latest: Biden hails climate progress, criticizes China
President Joe Biden praised fellow global leaders for their work at the UN climate summit, saying that they demonstrated “great example of the kind of ambition you need” to confront the scourge of …
Clean energy innovation, methane cuts and getting China and India on board for net-zero can help deliver progress at COP26
In many countries, the energy transition is already underway as falling costs make renewable energy ubiquitous and more affordable than fossil fuels. The challenge for government officials now is …
Josh Frydenberg is right to be worried about China
The deepening malaise in China’s $87 trillion real estate market is casting a dark shadow over Australia’s economic recovery.
Green Finance for a Greener Future
As companies globally are developing ESG strategies to address climate change, Postal Savings Bank of China (PSBC) has put environmental protection at the center of its banking, governance, and …
Why China’s Property Bubble Is a Big Deal
No economy has been able to ignore a property bubble and even less so offset it and continue to grow, replacing the bust of the real estate sector with other parts of the economy.
China’s Further Clampdown On Virtual Currency Business Activities
On September 24, 2021, the People’s Bank of China (PBOC), jointly with the Supreme People’s Court, the Supreme People’s Procuratorate and other seven regulatory departments, officially released the …
