Family claims even after telling bank clerk of her poor health, they insisted she must be present to access funds A bank in China is under scrutiny following the death of a gravely ill elderly…
Tagged By banking
Chinese woman dies outside bank after being told to make in person withdrawal, sparks outrage
Public outrage follows the tragic death of a woman outside a China bank after being forced to make an in-person withdrawal despite her poor health.
China Turns to Consumers to Boost Growth, but Households Are Wary
Beijing has offered incentives to prod shoppers to spend more, but leader Xi Jinping is reluctant to push a bigger shift away from manufacturing.
China accelerates banking merger efforts to establish global giants
China is ramping up efforts to consolidate its financial industry through mergers to set up “giant” banks and brokerages, reported Financial Times (FT). Approximately one in 20 of China’s rural banks …
China Raises Cross-Border Yuan Use Requirement for Major Banks
China’s central bank asked its major lenders to raise the share of yuan when facilitating cross-border trade, in its latest push for the use of the currency as the world grapples with the onslaught of…
Rethinking China’s renminbi strategy in a fragmenting global economy
In a fragmenting global economy, China’s push to internationalise the renminbi reveals how economic and financial linkages are being selectively reshaped by Beijing in response to growing geopolitical …
China pushes for more bank mergers to make financial sector shockproof
A system with more big banks and brokerages would help “shape China’s financial policies in the long period of economic transitions that lies ahead . . . and can help de-risking the system in the …
China’s central bank cranks up market liquidity to accelerate economic growth
The People’s Bank of China (PBC), the country’s central bank, on Monday continued to inject new liquidity into the financial system through open market operations, as the authorities step up policy …
The US Navy Is Smiling: China May Never Build A Nuclear-Powered Aircraft Carrier
China’s ambition to build nuclear-powered aircraft carriers (Type 004 concept) to match US global naval power faces significant and likely protracted hurdles. -As of April 2025, no such vessel exists.
China unveils draft rules on e-commerce fees to help ease pressure on merchants
China’s top market regulator on Sunday released a draft proposal aimed at curbing the fees online platforms charge third-party vendors. The plan marks the latest move by Beijing to offer relief to …
China’s battery giant eyes global domination in Trump era
CATL pulled off the world’s biggest stock listing so far this year. But the global maker of EV batteries has become caught in the US-China trade rift.
China’s ‘special forces’ tourists flock to Hong Kong but spend little
When Carol Wang, a 21-year-old from eastern China, whizzed into Hong Kong to catch the sights, she stayed for just one day and spent barely HK$400 (US$51), preferring to eat and sleep across the …
Chinese vice-premier meets US finance chiefs amid Beijing’s trade war charm offensive
He Lifeng told senior executives from Citigroup and Carlyle Group that the country’s economy was showing ‘resilience and vitality’.
