Chinese Vice Premier He Lifeng has met with several U.S. finance executives as Beijing seeks to build relationships in the face of rising bilateral tensions.
Tagged By banking
How Shanghai’s ambition to be the ‘future of finance’ fell apart
The port city was meant to be China’s answer to New York, but trade tensions and changing domestic priorities have taken a toll.
Ex-China Everbright Bank Chair Sentenced to 12 Years for Corruption
Tang Shuangning abused positions at financial institutions to provide benefits in exchange for over 11 million yuan in illicit payments.
China Investigates NVIDIA for Allegedly Breaking Monopoly Law
The Chinese government is investigating U.S. chipmaker NVIDIA for allegedly breaking its anti-monopoly law with the acquisition of interconnect provider Mellanox.
Former chairman of state-owned bank China Everbright Group jailed for 12 years for corruption
Chinese official broadcaster CCTV says a former chairman of the state-owned bank China Everbright Group has been jailed 12 years for embezzlement and bribery
China’s big monetary policy shift spurred a stock surge. But ‘a lot of volatility’ still looms.
Chinese stocks rallied on Monday after Beijing pledged a “moderately loose” monetary policy stance for the first time in over a decade.
China Everbright Group former chairman jailed 12 years for corruption, bribery
China Everbright Group’s former chairman Tang Shuangning was sentenced to 12 years in prison for corruption, bribery, and abusing his position for personal gains, state broadcaster CCTV said on …
Analysis-China Ready to Go Deeper Into Debt to Counter Trump’s Tariffs
The tone of the Politburo statement suggests that China won’t lower its growth ambitions for 2025, says Zong Liang, chief researcher at state-owned Bank of China. But it also suggests that China is …
China ready to go deeper into debt to counter Trump’s tariffs
In one of their most dovish statements in more than a decade, Chinese leaders signalled on Monday they are ready to deploy whatever stimulus is needed to counter the impact of expected U.S. trade …
China’s Shocking $1.4 Trillion Stimulus Push: Beijing’s Bold Move as Trump’s Tariff Threats Loom
China has announced a historic shift in its monetary policy, vowing to adopt an appropriately loose stance for 2025, marking its first easing in 14 years. The new approach, paired with a more …
New action plan to advance China’s digital finance sector by 2027
It focuses on digitalising financial institutions and leveraging data and technology. China is poised to significantly advance its digital finance sector, driven by government support and growing investor interest.
Global, US stocks fall; oil, gold rise over 1% on geopolitical risk
Global shares turned lower on Monday as traders focused on U.S. inflation data and chip stocks fell, while Beijing’s promise of stimulus and the sudden collapse of the Syrian government boosted oil …
ASIA RBA decides, debate sparks over China policy shift
Canada’s main stock index ended lower on Monday as technology and industrial shares lost ground ahead of a key U.S. inflation report, but the decline was limited by gains for resource shares after …
