Mohammed Ibrahim Akram of Beijing Bites, who sold off his 1952 model Fiat Elegant car to set up a kitchen for doctors last year, was lauded for his remarkable sacrifice.
Tagged By banking
China graft busters shocked by corrupt Baoshang Bank regulators
China’s top antigraft agency has disclosed details of corruption cases involving five former banking regulators in the Inner Mongolia autonomous region, who took more than 700 million yuan ($109 …
BizBeat Ep.139: Prevention better than cure: China’s moves to ensure financial stability
No economy wants to see a repeat of the global financial crisis. The financial meltdown of 2008-09 taught most regulators the importance of preventing a buildup of financial risks. Preventing systemic …
Morgan Stanley set to buy larger stakes in China securities, funds joint ventures
With stake sales by China Fortune Securities, Morgan Stanley will be the latest Wall Street bank to seek further control of its Chinese joint ventures as the country’s financial sector further opens …
China January-April state-owned firms’ profit up 240per cent year-on-year – finance ministry
Profit at China’s state-owned enterprises rose 240per cent to 1.36 trillion yuan (US$213.42 billion) in the first four months of the year versus …
China, Pakistan agreed to strengthen cooperation in digital finance and cross-border e-commerce
Pakistan Ambassador to China Moin ul Haque and Mr. Pan Gongsheng, Deputy Governor of the People’s Bank of China agreed on Thursday to strengthen cooperation with Pakistan in digital finance and …
China’s Banking Regulator Adds Limits on Wealth Management Marketing
China’s banking regulator issued final rules Thursday governing sales of wealth management products (WMPs), expanding them to cover commercial banks and foreign-owned companies and adding restrictions …
McCarthy: Where’s the investigation into the Biden’s financial relationship with China?
Fox News Contributor reacts to the president denying knowledge of his son’s business associates on ‘The Story’ …
Bipartisan bill to make the U.S. more competitive with China gets votes to advance in Senate
CNBC’s Ylan Mui reports on how a bipartisan bill to make the U.S. more competitive with China just got the votes to advance in Senate.
Chinese put premium on owning homes. Now Beijing wants to tax them.
China’s debt burden, dubbed a “gray rhino,” has prompted proposals for an unpopular property tax. But will Beijing kick the can down the road again?
China c.bank grants some banks higher quota for FX loans – sources
Chinese regulators granted some banks a higher quota for foreign currency-denominated loans that they lend to domestic clients, three sources with direct knowledge of the matter told Reuters.
UPDATE 1-China allows some banks more overseas borrowing to lift loan pressure -sources
Chinese regulators have allowed smaller banks to borrow more from overseas, three sources with direct knowledge of the matter said, a move that mainly benefits the local branches of foreign banks who …
Bank CEOs tell Congress they’ll work to avoid foreclosures
The chief executives of the nation’s largest banks went in front of Congress for a second day Thursday, facing questions ranging from bitcoin to their efforts to keep Americans in their homes after …
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