U.S. law firm Dechert said on Wednesday that it will close its offices in Beijing, Hong Kong and Chicago later this year.
Tagged By finance
Economic Watch: Lower transaction fees set to boost international bank card usage in China
BEIJING, July 3 (Xinhua) — International bank card clearing institutions, such as Visa and Mastercard, have reduced transaction fees on overseas bank cards for Chinese merchants, a move expected to …
China to set annual salary cap on finance sector amid common prosperity push, sources say
The 3 million yuan (US$412,460) yuan annual salary limit will be applied to all state-backed financial institutions, sources say China plans to cap the annual salaries of financial workers at around 3 …
PM’s visit to China: Dhaka to seek $20b fresh loans from Beijing
Bangladesh will seek fresh loans amounting to $20 billion during Prime Minister Sheikh Hasina’s upcoming visit to China, which Beijing hopes would be a “game changer” in the bilateral relationship.
China Services Sector Gauge Shows Slowdown in Activity Growth
A private gauge of China’s services sector signaled the slowest pace of activity growth in eight months in June, reflecting the trend seen in official data. The Caixin services purchasing managers …
China Floats Private Creditors Role in Early Debt Rework Talks
China has proposed that private creditors take part in the early stages of debt restructuring talks for developing economies to speed up complex negotiations that are often mired in disagreements.Most …
Global investment banks cut jobs in China retreat
Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. Western financial institutions in China have cut their investment banking workforce by the most in …
China’s demand for loyalty creates jeopardy for its expats in US
The stories that matter on money and politics in the race for the White House China is demanding acts of loyalty from … at leading universities and corporations in the technology and finance sectors …
Taiwan bank giant downplays China risks, sees no tech ‘bubble’
One of Taiwan’s largest financial groups downplayed risks from the cross-strait relationship with China and said a surge in the local tech stocks driven by demand for artificial intelligence is …
China’s green energy boom is stressing the grid – and sparking new currents in power reform
An explosion in new energy investment and construction has left China’s power grid lagging, and allowed electricity to go to waste – are serious reforms what it will take to close the gap and fuel…
Big Take Asia: China’s Top Bankers Embrace Communism
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world …
Apple’s iPhone 16 cycle may not be enough to boost China sales
Apple (AAPL) continues to lose market share in China as, to which UBS analyst David Vogt believes, the next iPhone cycle may not be enough to boost device sales in the region. Yahoo Finance Tech…
Russia has become so economically isolated that China could order the end of war in Ukraine
It is hard to win a war with only North Korea and Iran on your side. In short, this means that China is now in a position to demand anything from Russia …
