BEIJING, March 24 (Reuters) – Guo Shuqing, chairman of China’s banking and insurance regulator, met with HSBC Group Chief Executive Noel Quinn on Thursday and exchanged views on the global economic …
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China’s billionaire population drops: super-rich suffer as stock losses, yuan depreciation knock 229 off Hurun Global Rich List
the chairman of Shanghai-based financial services group Ye Lang Capital. “But China’s vast market size and its exit from the zero-Covid strategy will continue to spawn more high-net-worth individuals …
China must boost battered valuations of SEOs, says Shanghai Stock Exchange general manager in proposal to ‘two sessions’
The undervaluation of state-owned enterprises risks eroding their ability to raise funds via the markets, says Cai Jianchun His bill urges the finance ministry and the securities regulator to help …
Live blog: Lawmakers say TikTok ‘beholden’ to Beijing as CEO Shou Chew testifies before Congress
TikTok CEO Shou Chew will appear before the House Commerce Committee on March 23 for what is expected to be an explosive hearing about the app’s future.
China begins its push to get its Ukraine ‘peace proposal’ – which benefits Beijing and Putin – approved by global leaders by inviting Spain’s PM to visit
In the 12-point plan, Beijing called for an end to Western sanctions … of the crisis and prevent it from disrupting international cooperation in energy, finance, food trade and transportation and …
China puts US on notice over banking crisis
China on Thursday asked the US to explain what steps Washington was taking to deal with the banking crisis in the country. “We hope the US will increase transparency and provide clarity on the exact…
China’s liaisons with Russia are fueling an awkward split among European leaders
Speaking in Davos, Switzerland, in January, France’s Finance Minister Bruno Le Maire said the French view was to engage with China. “China cannot be out, China must be in. This is the difference of …
Global Banking Fallout Is Vindication for China Stocks Bulls
(Bloomberg) — Bank rescues on both sides of the Atlantic. Global markets in turmoil. American and European policy makers rushing to turn the tide. In contrast, China’s markets were calm and buoyant …
China calls for transparency from US over seriousness of its banking crisis
noting that financial regulators in relevant countries should take measures to protect the security of bank deposits of customers from all countries in the world. China is willing to work with other …
China will make up nearly 40% of the rise in global oil demand in 2023, Wood Mackenzie says
China will make up a sizeable portion of the world’s demand … “We don’t anticipate a global recession this year, despite recent turmoil in global financial markets following the collapse of Silicon …
China introduces new power structure to tighten control on data, tech, finance
China, with around 1 billion internet users and a vast surveillance network, is fast becoming the biggest part of the “datasphere.” One projection by Seagate a few years ago estimated the nation’s …
‘China and India, we do not want a war’, says Chinese diplomat Ma Jia
Earlier, a Joint statements couldn’t be issued at recent meetings of G20 finance and foreign ministers, due to China and Russia’s opposition to the inclusion of text denouncing the Ukraine war. “Now …
Manchin joins 21 GOP senators in push to ban China from World Bank loans
Sen. John Barrasso, the No. 3 Republican in the Senate, introduced the bill the day after China’s president met with Vladimir Putin in Russia.