The latest sale also comes with a 15-year deal giving AIA Group the exclusive right to sell life insurance products to BEA’S personal banking customers in mainland China, Hong Kong and Macau for a fee…
Tagged By banking
China Seeks Feedback on Rules to Improve Credit Rating Industry
China’s central bank has started to seek public feedback on a policy document to overhaul the country’s credit rating industry, following a series of defaults by state-backed firms. ( read original story …)
Beijing enveloped in hazardous sandstorm, second time in two weeks
The Chinese capital Beijing woke on Sunday morning shrouded in thick dust carrying extremely high levels of hazardous particles, as a second sandstorm in two weeks hit the city due to winds from … (…
Three of China’s Big Five lenders post fourth-quarter profit increase of over 40%
Three of China’s largest lenders on Friday booked a jump in fourth-quarter net profit of well over 40%, the first green shoots since the global COVID pandemic battered borrowers last year. During the … (…
China Sets Duties on Australia Wine for 5 Years as Ties Sour
Supply Lines is a daily newsletter that tracks trade and supply chains disrupted by the pandemic. Sign up here.China will impose tariffs of more than 200% on Australian wine for five years, … ( read…
China-Russia alliance can never work, despite US rivalry, observers say
Beijing and Moscow are keen to boost cooperation and reduce their reliance on the US dollar, but ‘forging an alliance with Russia is not the best choice for China’, academic Cheng Yijun says. ( read…
Biden suggests initiative plan to rival China’s trillion-dollar ‘Belt and Road’
US President Joe Biden has suggested founding an initiative from “democratic” countries to rival China’s trillion-dollar Belt and Road infrastructure … ( read original story …)
Biden suggests rival plan to China’s ‘Belt and Road’
US President Joe Biden has suggested founding an initiative from “democratic” countries to rival China’s trillion-dollar Belt and Road infrastructure initiative as tensions spike between the Asian … ( read original story …)
China: Central bank put helpful tools for carbon reduction
China’s central bank will put helpful implements for carbon lessening to push commercial banks to guide more financial resources to green industries, as part of efforts to ease the country’s objective … ( read original…
China Pharma Holdings, Inc. Reports Fiscal Year 2020 Financial Results
China Pharma Holdings, Inc. (NYSE American: CPHI) (“China Pharma,” the “Company” or “We”), an NYSE American-listed corporation with a fully-integrated specialty pharmaceuticals subsidiary based in … ( read original story …)
Frustration among women in China as new divorce law stalls process
Better access to education and jobs in recent decades has improved the financial independence and social status of women in China, who as a result seemingly have less tolerance for unhappy marriages. ( read original…
America’s campaign against Vladimir Putin will hand China an easy victory
President Biden’s tirade against Putin may well be designed to secure the best possible deal in eventual negotiation. ( read original story …)
Beijing and Ankara won’t put up with the U.S. hegemony
When the value of the lira fell by more than 40 percent in 2018, the state-owned Industrial and Commercial Bank of China provided the Turkish government with $3.6 billion in loans for ongoing energy ……
