Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing. [Photo/Agencies] Beijing topped the annual average salary rankings in China in both the nonprivate and private sectors … ( read…
Tagged By banking
China Tries to Cool Down an Easy-Money Financial Trade
Companies borrowing to put money into a hot financial product called structured deposits may be holding back a recovery. ( read original story …)
China Shares Climb Even as Global Rally Pauses: Markets Wrap
The global equity rally paused Tuesday after a strong start to the week Monday, with the notable exception of further gains in China. The dollar pared losses. ( read original story …)
The Central Axis of Beijing: The cultural charm of balance and harmony
A news report by China.org.cn on the charm of Beijing’s Central Axis: On Jun. 13, the city of Beijing held a livestream event to celebrate the Cultural and Natural Heritage Day, introducing the city’s ……
Pintec Announces Industrial and Commercial Bank of China’s Successful Implementation of its SME Risk Management Solutions
ICBC has adopted and implemented Pintec’s SME risk management solutions for its micro- and small-sized (“SME”) lending business, further enhancing the effectiveness of its lending services for SME … ( read original story …)
As China tightens its grip on Hong Kong, it’s also paving the way for money to flow into the city
Investors and foreign companies have been wary that Hong Kong’s status as a financial hub would be eroded, as China moved to implement a controversial national security law on the city last week. ( read…
Wall Street jumps on strong services sector, hopes of China recovery
The Institute for Supply Management’s (ISM) non-manufacturing activity index almost returned to its pre-COVID-19 pandemic levels last month, jumping to a reading of 57.1, the highest since February, … ( read original story …)
China waves the green flag for FX bulls
The yuan led commodity currencies higher against the dollar on Monday as investors lapped up risky assets on growing expectations of a strong Chinese economic rebound and the United States continued … ( read original…
China Blue Chip Index Hits 5-year High; Australian Shares Tumble as Borders Close
The Australian stock market closed lower as state border closures sparked fear of a second wave that could damage the country’s economic rebound. ( read original story …)
Why Hong Kong will remain an international financial centre, despite new security law
But Hong Kong’s success as a centre of international finance, connecting the world to mainland China, is built on several foundations. These include having a stable business environment, the free flow … ( read original…
Greater China First-Half Offshore Loans Drop 25% Amid Pandemic
Offshore loan volumes in the Greater China region tumbled by a quarter in the first half of the year to the lowest level since late 2016 as companies borrowed less in the wake of the…
Deutsche Bank sees China’s ‘V-shaped recovery’ moderating in the second half of 2020
Recent economic data releases have continued to indicate the Chinese economy is recovering from the coronavirus pandemic. ( read original story …)
China’s migrant workers are ‘in a better place’ to secure jobs than fresh grads: Deutsche Bank
While China’s migrant workers can return to their home provinces as rural farmers amid the coronavirus pandemic, its mostly urban college graduates will struggle to find an alternative source of … ( read original story…
