China’s blue-chip index closed on Wednesday at its highest level in nearly 13 years after rising for five consecutive sessions, as investors expect the government to sustain policy supports to counter … ( read original…
Tagged By banking
China’s yuan softens as c.bank hints at preference for slower gains
China’s yuan softened on Wednesday, continuing its walk back from a strong rally early in the week, after the country’s central bank appeared to signal a preference for a more moderate pace of … (…
China Sentences Ex-Finance Chief to Death on Corruption
China condemned the former chairman of China Huarong Asset Management Co. to death on charges of taking bribes, one of the most severe sentences to stem from President Xi Jinping’s anti-corruption … ( read original…
China Sentences Ex-Finance Chief to Death on Corruption
China condemned the former chairman of China Huarong Asset Management Co. to death on charges of taking bribes, one of the most severe sentences to stem from President Xi Jinping’s anti-corruption … ( read original…
China’s stock market closes at highest level since 2008 financial crisis
China’s stock market has soared to its highest level since the 2008 financial crisis as the world’s second-largest economy mounts a rapid recovery from the coronavirus pandemic. The CSI 300 index, … ( read original…
Where is Jack Ma? Chinese billionaire goes silent after Beijing cracks down on his empire
Jack Ma, the founder of Chinese e-commerce giant, hasn’t been seen much in public since he went public with criticism of China’s government in October. Here’s everything we know about what’s going on, … (…
China Sentences Ex-Finance Chief to Death on Corruption Charge
China condemned the former chairman of China Huarong Asset Management Co. to death on charges of malfeasance, one of the most severe sentences to stem from President Xi Jinping’s anti-corruption drive … ( read original…
China Condemns Former High-Flying Finance Executive to Death
A former chairman of one of China’s biggest bad debt managers was condemned to death over charges of corruption, marking a rare sentence in President Xi Jinping’s efforts to tighten control over the … (…
Defense Bill Orders Study of Illicit Finance Risks Posed by China
The National Defense Authorization Act directs the Treasury Department to do a study on money-laundering risks related to China’s government and companies. ( read original story …)
China cuts EV subsidy in 2021; market downplays impact on lithium, cobalt prices
China’s finance ministry has reduced the subsidies for electric vehicles (EVs) for 2021 by 20%, a move most market participants say they had expected. The Chinese government body announced the the new … ( read…
Chinese watchdog to encourage rural bank mergers
China’s top banking watchdog said on Tuesday it would encourage founders of rural banks to boost capital, and would promote mergers and acquisitions in the sector to cut financial risks. ( read original story …)
China releases revised performance evaluation rules for commercial banks
[Photo/China News Service] BEIJING – China’s Ministry of Finance has issued revised performance evaluation rules for commercial banks. Starting from Jan 1, the revised rules introduced a new … ( read original story …)
JPMorgan in Talks With China Bank on Wealth Venture
JPMorgan Chase & Co. is seeking to establish another Chinese joint venture in wealth management as the nation’s financial opening has spurred a rush by global banks to capture a piece of a market that…
