In the U.S., the threshold is $5.8 million. And for those seeking a fast track into the 1% club, and with unrestricted freedom to relocate, in China, at the bottom of that list of 17…
Tagged By finance
China tells bankers to be more patriotic
Several bank bosses and former executives have been arrested for graft. Many workers in finance have seen their salaries cut. All in all, this is a prudent moment to leave the Savile Row pinstripes at…
Mainland China banks to offer over-the-counter interbank bond trading from May 1, PBOC says
it can efficiently convert residents’ bank savings into bond investments,” the People’s Bank of China (PBOC) said in a statement on Thursday. “This will enhance the investment returns for the …
Warren Buffett Just Made Bank Of Japan’s Job Even Harder
Buffett’s latest endorsement has added fresh momentum to the Nikkei’s rally, but the stock surge is at odds with economic realities on the ground in Japan.
With over 30 years in China, DBS Bank eyes China’s long-term opportunities
BEIJING — With more than 30 years of operations in China, the Singapore-based DBS Bank is eyeing long-term opportunities in the country, especially in the Greater Bay Area (GBA), CEO of DBS China …
China’s Crackdown on High-Frequency Trading Ensnares Another Firm
The China Financial Futures Exchange said late Wednesday that Shanghai Weiwan Fund Management recently used high-frequency trading in stock futures to circumvent the trading-limit system trade, making …
China’s Feb factory activity likely contracted for fifth month
To prop up faltering growth, the People’s Bank of China cut the reserve requirement ratio (RRR) for banks by 50 basis points on Feb. 5, the biggest in two years, releasing 1 trillion yuan ($139.0…
Biden to crack down on US data flows to China, Russia
President Joe Biden’s administration on Wednesday unveiled an executive order aimed at protecting American personal data by restricting its transfer to China, Russia and other countries, senior U.S.
Woman in China calls police after returning lost phone to owner and receiving bogus banknotes as reward
A woman in China who returned a lost mobile phone to its owner was stunned when she received a reward made up of bogus banknotes.
RF considering scenario of China’s invasion and gets ready to use nuclear weapons – Financial Times
The armed forces of the russian federation have practiced the conditional task of a nuclear strike on China during the so-called “military games,” the scenario …
In ‘finance war’ with US, former official says China risks staring down the barrel of a capital conundrum
Beijing slams ‘smear tactics’ in US assessment of China … Describing foreign investors’ retreat from China in the past year as evidence of a “finance war”, while their bearish sentiment toward China …
China Deals Major Blow to Russia with Payments Ban
Foreign exchange reserves were frozen and Russia was cut off from the SWIFT (Society for Worldwide Interbank Financial Telecommunication) banking system. Union Pay was widely touted as China’s rescue …
How China Is Tantalizing – And Maddening – FX Traders Everywhere
By all appearances, this is Beijing working to boost confidence in the yuan and the economy. The People’s Bank of China, meanwhile, is surprising most Asia economists by not slashing interest rates …
