… in China have initiated full-scale risk management processes with South Korean companies in China scaling down their business in the country. The Financial Supervisory Service announced on March … ( read original story …)
Tagged By banking
HK residents can open mainland banking accounts in HK
as a new service was launched by Bank of China (Hong Kong) (BOCHK) on Wednesday. As the development of the Guangdong-Hong Kong-Macao Greater Bay Area moves forward, regulatory approval has been … ( read original…
Xiaomi weathers China smartphone slowdown but growth worries hit shares
Xiaomi’s quarterly results – the third set since its IPO in Hong Kong – show the company is weathering fairly well a slowdown in demand in China by increasing its focus on international markets. Its…
China’s Citic finds Wall Street values hard to stomach at CLSA
But more than that, the friction between the two sides symbolises the way China has put the internationalisation of its financial system on hold. The departure of the trio — Tang Zhenyi, a former ……
China’s Belt and Road Initiative goes to Italy
Each week, we focus on one of the major international stories making headlines, drawing upon the Financial Times’s team of foreign correspondents and analysts to make sense of world events. Presented … ( read original…
Shanghai’s innovation board promises to be growth booster: China Daily editorial
China is preparing for the launch of a sci-tech innovation board in a bid to leverage financial reforms. [Photo/VCG] The Shanghai Stock Exchange started accepting listing applications for its new … ( read original story…
Trump says tariffs on China could stay to ensure compliance
WASHINGTON — President Donald Trump says if the U.S. gets a trade deal with China, tariffs could stay in place for some time to ensure Beijing “lives by the deal.” Trump said Wednesday the White…
Trump Says Tariffs Will Stay Until China Complies With Any Deal
(Bloomberg) — President Donald Trump said he’ll keep tariffs on China until he’s sure Beijing is complying with any trade deal, refuting expectations that the two nations will agree to roll back … ( read…
U.S.-China Trade Talks to Resume
U.S. and China continue trade talks in hopes of a deal. Yahoo Finance’s Adam Shapiro, Julie Hyman, and Scott Gamm joins Univest Wealth Management Division CIO Timothy Chubb and Eurasia Group … ( read original…
SBI inks pact with Bank of China for business opportunities
SBI said it has a branch in Shanghai and BOC is opening its branch in Mumbai. The country’s largest lender SBI Tuesday said it has signed a pact with the Bank of China to boost…
China Hushes Hong Kong’s ‘Insane’ Bank
In the end, the “insane asylum” got sedated. CLSA Ltd. once earned that proud moniker from its former chief executive officer, Jonathan Slone, for its nonconformist research ideas. After a decade as … ( read…
Oil’s Rally Stalls Near $59 as U.S.-China Trade Jitters Return
(Bloomberg) — Oil’s rally stuttered as uncertainty over the status of trade negotiations between the U.S. and China stoked concerns over global economic growth. Futures for May were little changed in … ( read original…
Japan government downgrades economy view as U.S.-China trade war bites
TOKYO (Reuters) – Japan’s government downgraded its assessment of the economy in March for the first time in three years, blaming a bruising U.S.-China trade war for slumping exports and industrial … ( read original…
