Shanghai is gradually easing the draconian lockdown it implemented since late March following the largest nationwide outbreak of the coronavirus since the pandemic began. The extended shutdown led to …
Tagged By finance
FGS Announces Strategic Cooperation with China Minsheng Bank Kunming Branch
(“FGS”), a subsidiary of two mainland China variable interest entities with contractual ties to the Company’s subsidiary, Recon Hengda Technology (Beijing) Co., Ltd., has entered into a strategic …
Russia and China could ‘threaten all satellites’ by 2030, Pentagon report says
Russia and China are developing weapons to attack US satellites, according to a report from the Pentagon. The two country’s space fleets have apparently increased by over 70 per cent in the past two …
China Warns of NFT-Related Financial Risks
China warned on Wednesday of financial risks associated with non-fungible tokens (NFTs), as three industry bodies jointly issued guidelines to prevent the digital asset market from overheating. NFTs …
Chinese Banking Associations Target NFTs
The associations listed six behavioral principles to be followed: NFTs do not represent underlying assets like securities or precious metals; the non-fungibility of the tokens mus …
Rising influence of yuan reflects China’s growth, financial openness: expert
ISLAMABAD: The consistent rise in international status and influence of the Chinese currency renminbi (RMB), or the yuan, reflects China’s robust economic growth, high-level financial openness and the …
China’s disciplinary agency vows to stabilize capital market after several bank executives expelled
The Communist Party of China’s (CPC) top disciplinary agency pledged to strengthen supervision and maintain the stable operation of capital markets in a notice released on its official website on …
China’s Exports to Russia Slump After Invasion of Ukraine
China’s exports to Russia slumped in March after the invasion of Ukraine even as shipments to other nations grew quickly, indicating Chinese companies are likely being cautious about trading with …
EXCLUSIVE BlackRock plans first China ETF product this year -sources
BlackRock Inc plans to launch its first product in China’s $220 billion onshore exchange-traded fund (ETF) market later this year and has started hiring staff accordingly, two people with direct …
China’s Covid Outbreak Highlights Weak Lending as Borrowers Hold Back
China’s central bank is struggling to drive up lending in the economy despite cutting interest rates and giving banks a cash boost. Most Read from BloombergPutin Says Ukraine Talks ‘at Dead End’, Vows …
Stellantis to Consolidate Financial Services in China
Stellantis to Consolidate Financial Services in China Company intends to consolidate its auto financial services in China into a Stellantis wholly owned Auto Finance Company (AFC)Stellantis and DPCA …
‘Crazy’ US sanctions against China, Russia ‘weaponise’ financial markets, threaten to undermine dollar, former HKMA chief Joseph Yam says
The order listed 35 stocks, including China Mobile, China Unicom and China … are not allowed to to use the international financial infrastructure due to some of the crazy US tactics in the …
China scrambles for cover from West’s financial weapons
The move underscored a brutal truth for China, the world’s largest holder of foreign reserves: One day, its international assets could be a tempting target, too.
