Chinese officials told Apple that it must strictly implement rules banning unregistered foreign apps, the report said citing people familiar with the matter. (Reporting by Jose Joseph in Bengaluru; Editing by Nivedita Bhattacharjee) Yahoo Finance
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HSBC executive who criticised Britain’s stance on China leaves the bank
Lord Alton, vice chairman of the all-party parliamentary group (APPG) on Hong Kong, accused the bank of “putting profits before human rights”. At the time, Sir Sherard, who is also chairman of the …
China Blocks Executive at U.S. Firm Kroll From Leaving the Mainland
This person was able to leave China weeks later, with help from Singapore’s Foreign Ministry. Chinese authorities later imposed roughly $1.5 million in financial penalties on Mintz’s Beijing arm for …
China Bank Earnings May Fall 10% on Property Woes, JPMorgan Says
Chinese banks’ earnings may fall as much as 10% in 2024 if their bad debt ratios continue to rise on defaulting developers, according to JPMorgan Chase & Co. analysts.
China picks former governor for finance ministry as Xi shake-up continues
Lan Fo’an, a former provincial governor and veteran official, is expected to be named soon as China’s new finance minister, according to people familiar with the matter, as a reshuffle of top …
Beijing keeps focus on security, corruption and ‘worst-case scenarios’
He noted that the relationship with the United States remained tense despite recent visits to Beijing by top US officials that have yielded some results, including new joint working groups on the …
China appoints Lan Foan as new finance ministry party chief
China’s Communist Party has appointed Lan Foan as the new finance ministry party chief, the ministry said in a statement on Thursday.
China appoints new finance head as government debt, revenue shortfalls threaten growth prospects
Lan Foan has been appointed party chief of China’s finance ministry as Beijing battles to tamp down local government debt and boost fiscal revenue to put economic growth back on a sustainable …
China Taps New Finance Party Chief, Paving Way for Minister Role
China has appointed Lan Fo’an as the Communist Party chief at the Ministry of Finance, a move that will pave the way for him to become finance minister.
Bank of China Sees Yuan Emerging as Global Financing Currency
Global issuers are increasingly keen to sell yuan bonds to take advantage of the low rates, setting up the currency to be a potential financing vehicle, according to the top underwriter of such notes …
China Bank Earnings May Fall 10% on Bad Loans, JPMorgan Says
Chinese banks’ earnings may fall as much as 10% in 2024 if their bad debt ratios continue to rise on defaulting developers, according to JPMorgan Chase & Co. analysts. Developers’ nonperforming loan …
China financial regulator issues rules on insurance sales
China’s financial regulator, the National Financial Regulatory Administration, on Thursday issued rules on insurance sales, to better protect consumers’ rights and interests, according to a statement on its website.
Stock market today: Asian shares fall over China worries, Seoul trading closed for a holiday
Asian shares were mostly lower Thursday in subdued trading on looming worries about China property woes. Trading in shares of heavily indebted Chinese property developer China Evergrande Group was sus
