A senior executive of Bank of East Asia Ltd.’s China unit has been detained on suspicion of accepting bribes, according to a report by Cailian.
Tagged By finance
Fosun denies reports China regulators asked banks to report exposure to it
Fosun International said on Wednesday that media reports saying Chinese regulators have told the country’s biggest banks to start a …
China Sets Yuan Fix at Strongest Bias on Record to Lift Currency
China extended its currency defense by setting its reference rate for the yuan with the strongest bias on record.Most Read from BloombergUS Inflation Tops Forecasts, Cementing Odds of Big Fed HikeUgly …
Rio Signs Deal With China’s Baowu for New Pilbara Iron Ore Mine
Rio Tinto Group has formed a joint venture with its biggest customer, Chinese state-owned giant China Baowu Steel Group Co., to develop a new iron ore mine in Western Australia’s Pilbara region.Most …
China And Russia Move To Disrupt The Dollar’s Dominance In Oil Markets
Russia and China are making major moves to disrupt the U.S. dollar’s dominance in oil and gas markets with new plan to switch payments for gas supplies to rubles …
China tells banks to report exposure to Fosun: Report
Chinese regulators have told the country’s biggest banks and state-owned firms to start a round of checks on their financial exposure to Chinese conglomerate Fosun International, Bloomberg News …
China’s debt trap diplomacy causes global alarm over Belt and Road Initiative
Chinese investment under Belt and Road Initiative (BRI) across the world is causing alarm among the beneficiaries, as China’s debt-diplomacy only reaps profits to Beijing while countries are pushed …
‘If We’re Serious About Making A Difference, We Need To Modify China’s Political Banking Policy,’ Says Andy Vermaut.
Andy Vermaut thinks that the Chinese Debt Trap is a bad way to take over infrastructure that is important to the country. Sri Lanka has to pay C …
China Extends Its Influence With Emergency Loans
China has been doing more than flexing its military muscle lately.With a goal of deploying $900 billion by 2048, the nation’s so-called Belt …
As China vows to boost economy, crippling zero-Covid policy may be ‘more zealously implemented’
In the lead-up to China’s critically important 20th party congress next month, Premier Li Keqiang says Beijing is doing all it can to boost the economy while keeping the world’s strictest …
China tells banks to report exposure to Fosun – Bloomberg News
The regulators include the China Banking and Insurance Regulatory Commission (CBIRC), which requested that commercial banks check their exposure to Fosun debt and understand potential liquidity risks, …
Two C919 narrowbody jets land in Beijing as certification nears
Two of China’s C919 narrowbody jets landed in Beijing on Tuesday, flight-tracking websites showed, as the Chinese-built aircraft nears certification from the aviation regulator. The C919, China’s …
Beijing signals Digital Yuan will integrate with existing payment schemes
Beijing has slowly rolled out its Digital Yuan over the last couple of years, giving it away to promote uptake and persuading millions of merchants to accept the currency. But existing payment systems …