Afghanistan relies on informal money changers more than banks. AP Photo/Massoud HossainiNow that the Taliban have reportedly taken full control of Afghanistan and begun forming a government, a looming …
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China probes top bank VP for ‘severe law violations’
BEIJING: China’s top graft buster is investigating He Xingxiang, vice-president of China Development Bank (CDB), in the latest investigations into top officials at state-owned financial institutions.
BlackRock-Soros Feud Is a Microcosm of Wall Street’s China Dilemma
BlackRock is making a big bet on the hunger of China’s individual investors for professional asset management—and on the fraught politics of the U.S.-China relationship.
China probes vice president of China Development Bank for suspected discipline and law violations
China’s top graft buster is investigating He Xingxiang, Vice President of China Development Bank (CDB), in the latest of a series of investigations into top officials at state-owned financial …
Pressure on China’s Larger Banks Is Easing
The latest stress test on Chinese banks shows that capital pressure on large and medium-sized banks is easing as th …
Greater Bay Area: Beijing officials join with representatives from Hong Kong, Macau to tout Qianhai expansion plan
Senior Beijing officials and representatives from across the Greater Bay Area are holding a rare joint press conference touting the central government’s latest plan to vastly expand the Qianhai …
China’s Aug New Yuan Loans Seen Rebounding From 9-Month Low – Reuters Poll
China’s new yuan loans are expected to rebound in August from the nine-month low seen in the previous month, a Reuters poll showed, as the central bank seeks to support the country’s economic recovery …
China Southern CSI Iot Theme ETF opens for subscription today
China Southern CSI Iot Theme ETF (159896) is launched today for subscription. The fund is a passive equity index fund managed by China Southern Asset Management Co.,Ltd. This fund builds a portfolio …
China’s Aug new yuan loans seen rebounding from 9-month low
China’s new yuan loans are expected to rebound in August from the nine-month low seen in the previous month, a Reuters poll showed, as the central bank seeks to support the country’s economic recovery …
China Evergrande Bonds Fall Sharply on Default Worries, Onshore Bond Temporarily Suspended
Indebted China Evergrande Group’s shares and bonds were under fresh pressure on Thursday after media reports that the company would suspend interest payments due on loans to two banks later this month …
China backs Taliban govt, announces financial aid
Beijing: China Wednesday announced USD 31 million as aid to Afghanistan, its first after the Taliban seized power in Kabul, as it backed the Afghan militant group’s interim government, saying it is a …
Xinhua Silk Road: China international services trade fair concluded on Tuesday with fruitful results achieved
China International Fair for Trade in Services (CIFTIS) concluded on Tuesday in Beijing, with fruitful achievements made during this year’s event.
China wants to cool its property market without triggering a financial and debt crisis
Warnings that China’s campaign to cool its property market will go too far are multiplying. E conomists at financial services group Nomura are calling the curbs China’s “Volcker Moment” which will …
