UBS also projects the growth of HNW financial wealth in China to consistently outpace household wealth over that period. The former, it reckons, accounted for 30% of the latter in 2019; by 2025, that ……
Tagged By banking
Brent Oil Steadies Above $69 as China’s Recovery Aids Outlook
(Bloomberg) — Oil held above $69 a barrel in London after a raft of economic data from China added to signs of recovery from the coronavirus pandemic. Brent futures traded up 0.4% after earlier ……
China keeps interest rate unchanged for 11th straight month, rolls over 100 billion yuan of medium-term loans
The rate on 100 billion yuan (US$15.37 billion) worth of one-year medium-term lending facility (MLF) loans to China’s financial institutions is being kept steady at 2.95 per cent. ( read original story …)
Tasmania Police investigating spike in counterfeit bank notes
Counterfeiters trying to get fake Australian bank notes into circulation have made a major flaw as police launch an investigation into the dodgy cash. ( read original story …)
China cbank rolls over 100 bln yuan of medium-term loans, keeps rate unchanged for 11th month
China’s central bank on Monday injected medium-term loans into the banking system while keeping the interest rate unchanged for an 11th straight month. ( read original story …)
China reports five new mainland COVID-19 cases vs 10 a day earlier
BEIJING, March 15 (Reuters) – Mainland China reported five new COVID-19 cases on March 14, down from 10 a day earlier, the country’s national health authority said on Monday. The National Health … ( read…
China banks to lend more as nation seeks self-reliance in tech, domestic demand
Despite a lower-than-expected economic growth target for 2021, China’s bank loan growth will likely remain in the low to mid-teens this year, driven by the nation’s ambition to become more … ( read original story…
China’s plan to raise retirement age will be gradual process, government researcher insists
China’s plan to put back the retirement age will be a gradual process rather than a “one-size-fits-all” approach, a leading government researcher has told state media. The proposal prompted by the … ( read original…
Belt and Road Initiative: end of the line for China’s Afristar rail firm in Kenya?
Kenya pays Afristar more than US$10 million a month to operate the railway but last year legislators were told that Kenya had defaulted on paying the Chinese company some US$380 m … ( read original…
IMAX Rockets to $6.2 Million with “Avatar” Re-Release in China, Capturing a Whopping 30% of Overall Weekend Box Office
A new generation of Chinese moviegoers flocked to Pandora this weekend, as IMAX Corporation (NYSE: IMAX) delivered $6.2 million in box office with the re-release of James Cameron’s sci-fi epic “Avatar … ( read original…
How China Aims To Beat The U.S., Europe At ‘Net Zero’ Carbon
China’s government wrapped up the annual “Two Sessions” political meetings in Beijing on Thursday and – taking a cue from the U.S. and Europe – climate change was top of mind. What does it mean?…
China fully prepared for ‘a long fight’ with West on HK: experts
The struggle between China and the West, especially with the US and the UK, on Hong Kong will continue and likely become “a long fight” due to the latest electoral reform plan for the city…
Hong Kong elections reform: Beijing shake-up designed to stop separatist and foreign forces infiltrating city’s administration, top official says
Beijing’s drastic planned shake-up of the Hong Kong elections system is designed to prevent separatists or foreign agents from infiltrating the administration of the city, while restoring stability … ( read original story …)
