Lottery shops in China are transforming their plain storefronts into trendy hangouts, attracting young people affected by the economic slowdown with slogans promising quick money. In the first quarter …
Tagged By finance
Russian subsidiary of Bank of China stops accepting payments from Russian banks, sources say
According to Kommersant’s sources, Bank of China will refuse to accept payments from any sanctioned Russian bank starting on June 24.
UBS to sell partial stake of a joint venture to Beijing state asset manager
opens new tab is selling a partial stake in one of its securities joint ventures to Beijing State-owned Asset Management(BSAM), a key step for the Swiss bank as it consolidates China operations after …
Russian subsidiary of Bank of China stops accepting payments from Russian banks, sources say
According to Kommersant’s sources, Bank of China will refuse to accept payments from any sanctioned Russian bank starting on June 24.
Bank of China limits transactions with sanctioned Russian banks
According to information obtained by the Russian newspaper Kommersant, the Bank of China has decided to suspend cooperation with Russian banks on the US sanctions list, known as the SDN (Specially …
Hong Kong’s US$8 billion government fund inks deal with Beijing biotech start-up as city aims for tech hub status
The Hong Kong Investment Corporation (HKIC), a government-owned fund that manages HK$62 billion (US$8 billion) in assets, has struck a deal with a biotechnology firm started by Chinese internet giant …
China’s public budget expenditure grows by 3.4 percent in first 5 month
(MENAFN) China’s Ministry of Finance has reported a 3.4 percent year-on-year increase in general public budget spending, totaling 10.8359 trillion yuan (approximately 1.52 trillion U.S. dollars) …
China’s Bank halts yuan deals with sanctioned Russian banks
The Bank of China has decided to suspend cooperation with Russian banks that are on the US sanctions list, SDN (Specially Designated Nationals List, a list of entities developed by the Office of …
China’s insurance assets surge to $32t
The industry represents only 7% of China’s total financial assets. The total assets of China’s insurance sector increased by 15.8% year-on-year (YoY) to $31.54t (CNY32.86t) as of March this year, data …
China’s general public budget spending up 3.4% in Jan-May
BEIJING — China’s general public budget spending expanded 3.4 percent year-on-year to 10.8359 trillion yuan ($1.52 trillion) in the first five months of 2024, the Ministry of Finance said Monday.
China’s general public budget spending up 3.4% in Jan-May
BEIJING — China’s general public budget spending expanded 3.4 percent year-on-year to 10.8359 trillion yuan ($1.52 trillion) in the first five months of 2024, the Ministry of Finance said Monday.
China’s Fiscal Income Drops at Quickest Pace in More Than a Year
(Bloomberg) — China’s fiscal revenue shrank at the fastest pace in … according to Bloomberg calculations based on data from the Ministry of Finance. The combined spending under the two accounts …
China Development Bank ups loan support for green projects
[Photo/Xinhua] BEIJING — The China Development Bank, a major policy bank in the country, has strengthened financial support for the green and low-carbon industries. The bank issued over 200 billion …
