China’s industrial output grew 5.6% in April from a year earlier … The year-on-year figures were heavily skewed by declines last April when the financial hub of Shanghai and other major cities were …
Tagged By finance
Beijing’s rising clout in the spotlight
TOKYO: The weekend gathering of finance chiefs from the Group of Seven (G7) advanced economies leaves signs that the world’s second-largest economy will loom large at this week’s summit in Hiroshima.
China Liberal Education Holdings Limited Reports Financial Results for Fiscal Year 2022
Ms. Ngai Ngai Lam, Chairwoman and CEO of China Liberal, commented, “Fiscal year 2022 is a year of expansion and exploration for China Liberal, as we completed two major acquisitions and enhanced our …
China is not a global economic threat as perceived by US and allies: G7 finance chiefs
But the finance chiefs’ closing communique did not mention a US-proposed idea for narrow restrictions on investment in China, a potential rift among the grouping on how far they should go in …
Baidu, Alibaba, & Tencent Earnings This Week, SOE ETFs Prepare To Launch In China
Asian equities had a strong start to the week though Southeast Asia was mostly lower. Mainland China and Hong Kong opened down but made strong positive moves in the afternoon.
Absa Group plans to open office in Beijing to serve Chinese firms with operations in Africa
The Pan African lender, which expects to launch the advisory office by the year-end, is awaiting approval from South African authorities.
China’s securities regulator, central bank cut staff pay budgets
China’s securities regulator and central bank cut the budget allocation for employee salaries in 2023, following reforms ordered as part of a broader drive to reduce income disparity. The 2023 budget …
Tensions over China at G7 finance meeting amid deepening banking crisis
Behind a show of unity on the Ukraine war, there were signs of developing tensions as financial problems, centred in the US, continue to grow and the world economy slows significantly amid differences …
China’s Securities Regulator Cuts Total Staff Pay After Revamp
China’s securities watchdog has slashed its budget for staff compensation this year, in a sign of further pay cuts at the nation’s financial regulators after the biggest bureaucracy overhaul in …
China c.bank rolls over medium-term policy loans, rate unchanged
China’s central bank rolled over maturing medium-term policy loans while keeping interest rates unchanged on Monday, matching market expectations.
G-7 Finance Chiefs Unite to Condemn Russia and Counter China
Under the shadow of swelling risks to the global economy, finance chiefs from the world’s wealthy nations presented a united front with more support for Ukraine, a plan for diversifying supply chains and a vow…
China to deliver funds to support public cultural services
China’s Ministry of Finance has announced it would deliver funds to support local governments in improving public cultural services. This batch of funds of more than 1.02 billion yuan ($147.78 million) would be allocated to…
China, African banks to finance Shs11t Eacop debt
Energy minister Ruth Nankabirwa has confirmed that the China Export-Import Bank, and “several other Chinese banks” will finance the $3b (Shs11.2 trillion) debt required for the East African Crude Oil Pipeline (Eacop). The confirmation ends…