Public bus companies have turned to fare increases, charter services and borrowing to stay afloat as local governments cut back on support Middle-class Chinese increasingly prefer to drive or turn to …
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China’s Guangdong university student stripped of financial aid after flaunting wealth
A university student in China has had his educational subsidies and financial aid suspended after flaunting several Apple products and concert tickets.
China’s central bank issues clearing licence to MasterCard’s joint venture
BEIJING: China’s central bank said on Sunday (Nov 19) it has granted a clearing licence to a joint venture set up by MasterCard. The joint venture, established in China by MasterCard and NetsUnion …
CN Finance Minister Foresees CN Econ to Maintain Recovery Momentum in 4Q
Lan Fo’an, China’s Minister of Finance, remarked when attending the 30th APEC finance minister meeting that China remains a key driver for the global economic growth. Lan illustrated that the Chinese …
China’s home rental market primed for growth as high interest rates, stuttering economy shift demand from buying to leasing: JLL report
Beyond China, the wider Asia-Pacific region and even the US multifamily segments are primed for growth given the elevated interest rate environment, which has shifted demand from home purchases to …
China’s millions of SMEs and ‘continent-sized economy’ lure US alternative investment manager Ares
The Los Angeles-based asset manager, with US$395 billion in assets under management, expects to see disproportionate growth in China Company sees opportunity in helping real estate developers bridge …
Chinese Scholar Calls On Beijing to Raise Deficit Ratio to 5%
China needs to decisively ramp up fiscal spending so it can support an economy damaged by Western restrictions on trade, according to a Chinese scholar studying an unconventional school of economic …
China’s Economy Had a Growth Spurt. Consumers Remain Worried.
Collins said the economy’s ability to weather a spike in inflation in 2021 and 2022 is one reason she’s optimistic that a sharp rise in the jobless rate can be avoided. The national unemployment rate…
HBL signs MoU with Bank of China on strategic cooperation to enhance regional trade
HBL and the Bank of China (BOC) signed a Memorandum of Understanding (MoU) for Strategic Cooperation at the BOC headquarters in Beijing, China. Liu Jin, vice chairman and president of Bank of China, …
Agricultural Bank of China sees outstanding inclusive loan increase
BEIJING, Nov. 18 (Xinhua) — Agricultural Bank of China, one of the country’s four big state-owned lenders, saw its balance of inclusive loans reach 3.55 trillion yuan (about 495 billion U.S. dollars) …
Finance chief Paul Chan updates Chinese President Xi Jinping on Hong Kong’s situation at Apec summit
I mentioned that since the new government took office, strengthening the economy and improving people’s livelihood have been our top priorities,’ minister says.
China vows to support property sector, tackle local debt
China’s central bank and financial regulators pledged on Friday to ensure financing support for the property sector and to work together to resolve local government debt risks.
Lockbit Gang Hacks Into Another US Financial Firm, Threatens to Dump Data
The criminal ransomware gang behind the recent attack on the Industrial & Commercial Bank of China Ltd. has claimed responsibility for another hack on a US financial firm.
