With stake sales by China Fortune Securities, Morgan Stanley will be the latest Wall Street bank to seek further control of its Chinese joint ventures as the country’s financial sector further opens …
Tagged By finance
China January-April state-owned firms’ profit up 240per cent year-on-year – finance ministry
Profit at China’s state-owned enterprises rose 240per cent to 1.36 trillion yuan (US$213.42 billion) in the first four months of the year versus …
China, Pakistan agreed to strengthen cooperation in digital finance and cross-border e-commerce
Pakistan Ambassador to China Moin ul Haque and Mr. Pan Gongsheng, Deputy Governor of the People’s Bank of China agreed on Thursday to strengthen cooperation with Pakistan in digital finance and …
China’s Banking Regulator Adds Limits on Wealth Management Marketing
China’s banking regulator issued final rules Thursday governing sales of wealth management products (WMPs), expanding them to cover commercial banks and foreign-owned companies and adding restrictions …
McCarthy: Where’s the investigation into the Biden’s financial relationship with China?
Fox News Contributor reacts to the president denying knowledge of his son’s business associates on ‘The Story’ …
Bipartisan bill to make the U.S. more competitive with China gets votes to advance in Senate
CNBC’s Ylan Mui reports on how a bipartisan bill to make the U.S. more competitive with China just got the votes to advance in Senate.
Chinese put premium on owning homes. Now Beijing wants to tax them.
China’s debt burden, dubbed a “gray rhino,” has prompted proposals for an unpopular property tax. But will Beijing kick the can down the road again?
China c.bank grants some banks higher quota for FX loans – sources
Chinese regulators granted some banks a higher quota for foreign currency-denominated loans that they lend to domestic clients, three sources with direct knowledge of the matter told Reuters.
UPDATE 1-China allows some banks more overseas borrowing to lift loan pressure -sources
Chinese regulators have allowed smaller banks to borrow more from overseas, three sources with direct knowledge of the matter said, a move that mainly benefits the local branches of foreign banks who …
Bank CEOs tell Congress they’ll work to avoid foreclosures
The chief executives of the nation’s largest banks went in front of Congress for a second day Thursday, facing questions ranging from bitcoin to their efforts to keep Americans in their homes after …
China ETFs Are Enjoying a Strong Week
The KraneShares Bosera MSCI China A Share ETF (KBA), which tracks the the MSCI China A Share Index, increased 4.2% over the past week and has risen 5.6% year-to-date. Chinese stocks enjoyed their …
Chinese vice premier holds talks with French finance minister
Chinese Vice Premier Hu Chunhua held a conversation on bilateral economic and financial cooperation with French Economy and Finance Minister Bruno Le Maire via video as invited on Thursday. Since the …
International Finance Forum 2021 to Highlight Global Governance and Development in Post-pandemic Era
International Finance Forum (IFF) today announced its upcoming 2021 Spring Meetings. The event, to be held on location in Beijing and also online from May 29-30, features …
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