US officials expect the Group of Seven (G7) countries to send a “tough new warning” to smaller Chinese banks to “stop assisting Russia in evading Western sanctions,” Reuters reported on Sunday, citing …
Tagged By finance
China potential intact with strong trade and wealth flows despite economic uncertainties: OCBC
The bank saw a 45% surge in the number of Greater China companies it serves in South-east Asia from 2022 to 2023. Read more at straitstimes.com.
China’s plan to sell cheap EVs to the rest of the world
The resurrection of a car plant in Brazil’s poor north-east stands as a symbol of China’s global advance — and the west’s retreat.
China probes top exec at US$1.5 trillion state-backed investment firm for graft
A top executive at a major Chinese state-backed investment company is under investigation for corruption, the government’s anti-corruption body said Sunday, as an unrelenting crackdown on graft sweeps …
Financial facilitation to augment Pak-China business activities: NBP president Hasnie
President, Mr. Rehmat Ali Hasnie, participated in the Pakistan China Business Conference held in Shenzhen, China.Mr. Hasnie was among the delegation accomp …
China probes top exec at $2 trillion state-backed investment firm for corruption
Mr Xu Zuo is the latest to fall in President Xi Jinping’s near-constant crackdown on corruption. Read more at straitstimes.com.
Bank of Communications ups loan support for green transformation
BEIJING, June 9 (Xinhua) — The Bank of Communications, one of China’s largest commercial banks, has strengthened financial support for the green and low-carbon transformation of traditional sectors …
Watch out Beijing, China’s second-tier cities are on the up
In recent years China’s lesser-known cities have proved more magnetic. These rising metropolises come from the ranks of the second tier. There are 31 cities on this level, according to the government, …
Saudi Central Bank joins mBridge for better cross-border payments
Aiming to build a robust and innovative cross-border payments infrastructure, Saudi Central Bank (SAMA), Saudi Arabia’s central bank, said on Wednesday that it has joined the mBridge project as a …
PM Sharif meets China’s Xi in Beijing ahead of IMF talks
China’s President Xi Jinping met Pakistani Prime Minister Shehbaz Sharif in Beijing on Friday, Chinese state media reported, days before Pakistan presents its annual budget …
Gold Slumps as China’s Central Bank Halts 18-Month Buying Spree
China’s central bank didn’t buy any gold last month, ending a massive buying spree that ran for 18 months and helped push the precious metal to a record high in May.
Gold Falls Nearly 3% Following China’s Central Bank Failing To Add To Reserves In May
China’s central bank has stopped its buying spree of gold. The People’s Bank of China has indicated that its bullion …
Gold prices dip as China central bank holds off buying
Gold prices fell nearly 2% on Friday after data showed China’s central bank held off gold purchases in May following 18 consecutive months of buying.
