SHANGHAI] JPMorgan Chase chief executive officer Jamie Dimon said his firm is committed to long-term investments in China, despite tension between the governments of the world’s two biggest economies.
Tagged By banking
China’s outbound direct investment sees steady growth in Jan-April
BEIJING — China’s total outbound direct investment (ODI) rose 7.5 percent year-on-year to $57.54 billion in the first four months of this year, according to data released Thursday by the Ministry of …
China’s plea to PM: let us into trans-Pacific trade deal
Beijing has reacted to Prime Minister Anthony Albanese’s declaration of support for Indonesia to join the trans-Pacific free trade deal by issuing a fresh plea to back China’s membership of the pact, …
Former PBOC deputy governor Liu Guiping to head Bank of China, sources say
China will appoint financial veteran Liu Guiping as chairman of Bank of China , the nation’s fourth largest state-owned bank, two sources with knowledge of the matter said.
U.S.-China ‘contest of the century’ is on technology, says academic
Andrew Sheng, Distinguished Fellow at the Asia Global Institute and Chief Adviser to the China Banking Regulatory Commission, describes the current tension between the U.S. and China as a showdown …
Former PBOC deputy governor Liu Guiping to head Bank of China: sources
BEIJING] China will appoint financial veteran Liu Guiping as chairman of Bank of China, the nation’s fourth largest state-owned bank, two sources with knowledge of the matter said. Read more at The …
Nvidia CEO calls Biden’s AI chip curbs on China ‘a failure’ and praises Trump’s changes
U.S. efforts to curtail China’s access to advanced artificial intelligence chips have backfired, Nvidia (NVDA) CEO Jensen Huang said Wednesday, adding that the Biden administration’s export …
China entices savers to cross risky Rubicon
Looser monetary policy has driven one-year bank deposit rates below 1%. It may prompt households to shift more of their record $22 trln parked there into stocks, long a Beijing goal. But a murky …
Trump tariffs live updates: US and China trade truce grows fragile amid war of words over chips
The trade truce between the US and China appears increasingly fragile, as both sides trade barbs just more than a week after sending markets into euphoria by pausing sky-high tariffs on one another.
End of the Free Package Era? G-7 Moves to Shut Down China’s Zero-Tariff Exports
A big international meeting is happening in Banff, a town in Canada. It involves the finance leaders from the Group of Seven (G-7) countries. These are some of the world’s richest and most powerful …
China to give $500 million to WHO in next 5 years, official says
China will give an additional quota of $500 million to the World Health Organization over the next five years, the country’s Vice Premier of the State Council told the World Health Assembly in Geneva …
China to provide more financial resources for urbanization projects
“China will expand the areas eligible for funding from local government special-purpose bonds and increasing the use of these bonds as project capital, providing greater financial resources to support …
An RBA cut was locked in. Beijing’s identical Tuesday cut spotlights larger macro forces
After seeing countries around the world bringing down rates to prepare, in part, for the American-tariff-regime-turned-full-trade-war, it was after one other move in Beijing today that it was perhaps …
