Finance Minister Chrystia Freeland said goal is to ‘protect … The government will also seek perspectives on China’s labour and environmental standards. China has emerged as the largest manufacturer …
Tagged By banking
China’s national pension insurer introduces foreign investor as financial opening-up picks up speed
Analysts said that foreign financial institutions and patient capital continue to hike investment in China’s pension finance market, indicating their confidence in the country’s long-term economic …
China, EU agree to hold talks on EV tariffs
China and the European Union have agreed to discuss tariffs on electric vehicles (EVs). The EU previously threatened tariffs of up to 38% on Chinese EV imports. Yahoo Finance Pras Subramanian joins …
UBS to sell 36% stake in securities venture to Beijing state asset manager
BEIJING/HONG KONG (Reuters) — UBS is selling a partial stake in one of its securities joint ventures to Beijing State-owned Asset Management (BSAM), a key step for the Swiss bank as it consolidates …
China Prepares Unpleasant Banking Surprise For Russia
Bank of China, the Russian subsidiary of the Bank of China, has suspended all operations with Russian banks that have fallen under US sanctions since June 24. The decision is related to fears of …
Jackpot! Why sales of lottery tickets are surging among the youth in China
Lottery shops in China are transforming their plain storefronts into trendy hangouts, attracting young people affected by the economic slowdown with slogans promising quick money. In the first quarter …
Russian subsidiary of Bank of China stops accepting payments from Russian banks, sources say
According to Kommersant’s sources, Bank of China will refuse to accept payments from any sanctioned Russian bank starting on June 24.
UBS to sell partial stake of a joint venture to Beijing state asset manager
opens new tab is selling a partial stake in one of its securities joint ventures to Beijing State-owned Asset Management(BSAM), a key step for the Swiss bank as it consolidates China operations after …
Russian subsidiary of Bank of China stops accepting payments from Russian banks, sources say
According to Kommersant’s sources, Bank of China will refuse to accept payments from any sanctioned Russian bank starting on June 24.
Bank of China limits transactions with sanctioned Russian banks
According to information obtained by the Russian newspaper Kommersant, the Bank of China has decided to suspend cooperation with Russian banks on the US sanctions list, known as the SDN (Specially …
Hong Kong’s US$8 billion government fund inks deal with Beijing biotech start-up as city aims for tech hub status
The Hong Kong Investment Corporation (HKIC), a government-owned fund that manages HK$62 billion (US$8 billion) in assets, has struck a deal with a biotechnology firm started by Chinese internet giant …
China’s public budget expenditure grows by 3.4 percent in first 5 month
(MENAFN) China’s Ministry of Finance has reported a 3.4 percent year-on-year increase in general public budget spending, totaling 10.8359 trillion yuan (approximately 1.52 trillion U.S. dollars) …
China’s Bank halts yuan deals with sanctioned Russian banks
The Bank of China has decided to suspend cooperation with Russian banks that are on the US sanctions list, SDN (Specially Designated Nationals List, a list of entities developed by the Office of …
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