The Hang Seng and Shanghai Composite bounced back on Tuesday as the recent sell-off eased. In Hong Kong, the Hang Seng index surged by almost 3% while in Mainland China, the Shanghai Composite and …
Tagged By finance
Yen falls as BOJ stands pat; China market rescue talk helps yuan, Aussie
The yen fell broadly on Tuesday after the Bank of Japan (BOJ) maintained its ultra-loose monetary policy in a closely watched policy decision, matching market expectations. The Japanese currency was …
China Citic Bank’s 2023 Profit Rose Despite Weaker Top Line
By Kimberley Kao China Citic Bank’s net profit rose 7.9% in 2023, even as its top line fell. The China-based lender posted net profit of 67.02 billion …
Xi’s Corruption Crackdown Targets China’s Embattled Finance Sector
The Chinese president says he will root out deep-seated malfeasance in the finance, banking and state-owned sectors despite fears over the delicate state of the economy.
China is weighing measures to prop up its stock markets, could reportedly mobilize $278 billion
China is weighing a rescue package backed by offshore money to stave off a slump in its struggling stock markets, according to Bloomberg News.
China’s financial hub Shanghai targets around 5% GDP growth for 2024
SHANGHAI – China’s financial hub Shanghai has set its regional gross domestic product (GDP) growth target at about 5 percent for 2024, according to the annual session of the municipal people’s …
China Weighs Stock Market Rescue Package Backed by $278 Billion
Chinese authorities are considering a package of measures to stabilize the slumping stock market, according to people familiar with the matter, after earlier attempts to restore investor confidence …
China weighs stock market rescue package backed by two trillion yuan
CHINESE authorities are considering a package of measures to stabilise the slumping stock market, according to sources familiar with the matter, after earlier attempts to restore investor confidence …
China considers stock market rescue package worth $278 billion: Report
Chinese authorities are considering measures to stabilize the slumping stock market, including mobilizing 2 trillion yuan ($278 billion) from offshore accounts of state-owned enterprises and investing …
China’s Economy: Navigating the Catch-22 Dilemma and Investment Opportunities
As Michael Pettis, a finance professor at Peking University, aptly describes, “If the economy does badly, confidence is weak. If confidence is weak, spending is low. If spending is low, the economy …
Xi’s Corruption Crackdown Targets Embattled Finance Sector
Since rising to power a decade ago, Xi has waged a constant campaign against deep-seated graft that has led to the punishment of at least 4.7 million officials, according to a 2022 report by the…
Xi Jinping’s crackdown on official corruption has ripped through a secretive missile force, the Communist Party elite, the national football team, and now risks hammering a …
Since rising to power a decade ago, Xi has waged a constant campaign against deep-seated graft that has led to the punishment of at least 4.7 million officials, according to a 2022 report by the…
World’s Largest Bank To Pay $32,400,000 for Violating Bank Secrecy Act, Backdating Documents and Exposing Confidential Information
The Federal Reserve and New York Department of Financial Services (DFS) just announced a multi million-dollar settlement with a Beijing-based banking giant.
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