China’s sovereign wealth fund increased its stake in the nation’s biggest banks for the first time since 2015, stoking speculation authorities will intensify efforts to prop up the sinking stock …
Tagged By banking
China’s ‘Big Four’ banks rally after state wealth fund boosts stake
China’s sovereign wealth fund, Central Huijin Investment, increased its stake in four of the country’s biggest banks late Wednesday in what is seen as a move to renew confidence in its stock market.
China issues guidelines to promote high-quality development of inclusive finance
BEIJING, Oct. 11 (Xinhua) — China’s State Council has released a guideline document specifying policies and measures to promote the high-quality development of inclusive finance over the next five …
China State Fund Buys Bank Shares, Fueling Market Rescue Hopes
China’s sovereign wealth fund increased its stake in the nation’s biggest banks for the first time since 2015, stoking speculation that authorities will intensify efforts to prop up its sinking stock …
OCBC’s Private Bank To Forge Ahead in China Despite Economic Slowdown
Amid an ongoing economic slowdown in China, Singapore-based private bank OCBC has declared its plans to expand its workforce in the country, a move that stands in stark contrast to the caution …
China consumers are ‘not out of the woods yet’: Bank of America
CHINESE consumers remain downbeat about the world’s second-biggest economy, despite initial signs of improvement in recent activity data, a Bank of America (BofA) survey showed. Read more at The …
China’s Financial Regulators Unveil Typical Cases to Bolster Consumer Rights Protection
China’s New Steps to Safeguard Financial Consumer Rights In an effort to enhance the protection of financial consumer rights, China’s National Financial Supervision and Administration Commission, in …
Consumption Policies Lift Growth Stocks, LVMH’s China Revenue Up +11%
Easing auto loan policies with an emphasis on electric vehicles (EVs) sent autos higher in Hong Kong. BYD gained +1.94%, Li Auto gained +3.46%, XPeng gained +2.72%, and NIO gained +5.59%. Consumer …
A Bigger World Bank Takes on China’s Clout
Treasury Secretary Janet Yellen has been circling the world seeking to breathe new life into a 79-year-old pillar of the U.S.-led international order: the World Bank. Those efforts stem from a genuine …
‘Always with me’: elderly woman in China who carried life savings everywhere for safety in tears after US$206,000 she left on bus is found
Mainland social media has been moved by the story of an elderly woman in China who left her life savings of US$206,000 on a bus then burst into tears when her property was returned intact.
Stanford’s settlement with Justice Department shows how deep China has its claws in our universities
China expects a return on its investments in American research faculty and institutions — but so too should the American people and our elected officials.
China’s State Council Unveils Five-Year Plan for High-Quality Inclusive Finance Development
In a bid to elevate the state of inclusive finance within its borders, China’s State Council has launched a comprehensive five-year guideline. This strategic document outlines an array of policies and …
China Development Bank: BRI loans total $67.3 bln at end-September
BEIJING, Oct 11 (Reuters) – China Development Bank had issued 491.5 billion yuan ($67.30 billion) of special Belt and Road loans as of the end of September, the Chinese policy bank said on Wednesday.
