JPMorgan Chase & Co plans to boost its private banking business headcount in Asia by more than 100 this year, two people with direct knowledge of the matter said, joining its peers in a push…
Tagged By finance
China’s digital yuan: e-CNY wallet tops download charts in Apple and Xiaomi app stores ahead of Lunar New Year
The e-CNY wallet was the most downloaded app after launching last week, but the roll-out remains limited to select cities While the digital yuan can be used on mobile payment apps like Alipay and …
China finance ministry to auction 71 bln yuan 1-year bonds on Jan 12
China’s Ministry of Finance said on Monday that it would auction 71 billion yuan ($11.1 billion) in 1-year bonds on JAN. 12. After the auction, the bonds will be issued from Jan. 12 to Jan.…
EdTech Firm Fires 60,000 in Worst Cuts Since China Crackdown
New Oriental Education & Technology Group Inc. fired tens of thousands of employees, the biggest layoffs disclosed since China embarked on a wide-ranging crackdown on private enterprises more than a …
China Telecom’s Annual Report Received 20 Gold Awards in Total Together with Two Grand Awards in International ARC Awards
China Telecom Corporation Limited (“China Telecom” or “the Company”; HKEx: 00728; SSE: 601728) is pleased to announce that the print and online versions of its 2020 Annual Report “Digitalising the …
China sees growth in loans to small businesses
China issued more inclusive loans to small and micro firms by the end of November in 2021, official data showed. The outstanding inclusive loans to small and micro businesses totaled 18.7 trillion …
China Bank Lending to Sustain Momentum in 2022
The surge in bank demand for bankers’ acceptance bills (BABs) in December 2021 should prove temporary, and is not likely to presage weakness in more traditional lending activity over 2022, says Fitch …
Fitch Rates Beijing Gas’s Proposed USD Notes ‘A’
Fitch Ratings has assigned Beijing Gas Group Co., Ltd.’s (A/Stable) proposed US dollar notes a rating of ‘A’. T …
China Moves to Give State Firms More Power: Evergrande Update
There’s growing evidence that China is encouraging state-owned developers to take market share from stressed rivals to limit the spread of contagion.Most Read from BloombergCypriot Scientist Says Delt …
China probes head of top life insurer in anti-corruption campaign
China’s top anti-graft watchdog placed the chairman of Co. Ltd., one of the country’s largest insurers, under investigation, the most senior finance industry executive caught up in an anti-corruption …
Over 30 firms on China’s new third board unveil 2021 performance estimates
More than 30 companies listed on China new third board or the National Equities Exchange and Quotations NEEQ had released their …
Sri Lanka asks China for help amid its worst financial crisis
Chinese Foreign Minister Wang Yi on Sunday (Jan 9) met Sri Lanka’s President Gotabaya Rajapaksa and his brother, Prime Minister Mahinda Rajapaksa, reaffirming bilateral ties before discussing tourism, …
China Moves Xinjiang Police Boss to Top PLA Role in Hong Kong
Chinese President Xi Jinping has deployed a top Xinjiang police official to command the nation’s army post in Hong Kong, raising fears Beijing is taking an increasingly hard line on security in the …
