China’s Zijin Mining Group Co Ltd will buy Canada’s Neo Lithium Corp for C$918.7 million ($737.14 million)the companies said on Friday. Zijin has agreed to buy Argentina-focused lithium company, Neo …
Tagged By banking
‘Facebook of China’ shareholders score $300 million in cross-border derivative deal
In one of the biggest cash settlements in the history of U.S. shareholder derivative litigation, investors who own a minority stake in Renren Inc., once known as the “Facebook of China,” are slated to …
China’s ICBC to Impose ‘Certain’ Retail Forex Trading Restrictions
Industrial and Commercial Bank of China (ICBC) announced that it would impose some restrictions on companies involved in forex and commodities trading.
McDonald’s China Celebrates 31st Anniversary With Big Mac NFT
The non-fungible token (NFT) from McDonald’s will be the first from the company. 188 examples will be gifted to employees and consumers.
Kuke Announces Commencement of 24th Beijing Music Festival
Kuke Music Holding Limited (“Kuke” or the “Company”) (NYSE: KUKE), a leading provider of classical music content, licensing, subscription, and smart music learning solutions in China, today announced …
China proposes cutting items on negative list for market access
China has further reduced the number of sectors and industries that are off-limits to both Chinese and foreign investors in its latest draft version of so-called negative list for market access. The …
Shanghai Maintains Global Finance Hub, Multinational Players Encouraged to Innovate in Expanding Sector
SHANGHAI, CHINA / ACCESSWIRE / October 8, 2021 / Global financial service providers are positive about development in Shanghai wi …
China will deepen reforms of loan prime lending rate – central bank official
China will deepen its loan prime rate (LPR) reforms and gradually make deposit rates more market-driven, vice central bank governor Liu Guoqiang said in remarks published on Friday. China will improve …
Biden’s Beijing-Style Plan for Single-Payer Banking
Single-payer banking, through a CBDC, would do far more to transform the character of the U.S. economy than single-payer health care.
In China, 19.9% of households believe home prices will fall in Q4 – central bank survey
Almost 20% of households in China believe the prices of homes will rise in the fourth quarter of the year, the central bank said in a survey report on Friday.
China’s $1.1 Trillion Bet On U.S. Treasuries Still Getting Trumped
There’s a popular narrative that China’s vast dollar stockpiles give it immense influence over Washington. It’s really the opposite.
China’s ICBC to restrict some forex and commodities trading
Industrial and Commercial Bank of China (ICBC) said on Friday it will restrict certain types of retail businesses involving foreign-exchange and commodities trading.
Are China’s BRI Glory Days Over?
M2, or cash in circulation, began rising substantially in 2015 as the government injected huge sums of money into the economy through renminbi loans, prompting a note to clients from Deutsche …
