More than 20,000 bankers, traders and other workers are bedding down in office towers in Shanghai’s Lujiazui district as they bid to keep China’s giant financial hub ticking over through a COVID-19 …
Tagged By finance
China Is Systemic Rival Threatening German Economy, Lindner Says
China doesn’t respect the principles that Germany stands for and is a “systemic rival” to Europe’s biggest economy, according to Finance Minister Christian Lindner.
CIB: Helping China build a sustainable future
Chinese financial institutions are among those at the forefront of the global push to accelerate the transition to a low carbon future. Industrial Bank of China a pioneer of green finance in the …
Beijing to boost green devt of Belt and Road
BEIJING: China will promote the green development of the Belt and Road Initiative, a move that will strengthen international cooperation, the country’s top economic …
Why U.S.-China financial tension is hard to disarm
LONDON (Reuters Breakingviews) – Relations between the world’s two largest economies were already tense, and Russia’s invasion of Ukraine has further increased the pressure. In this episode of The …
Luokung Announces Acquisition of Beijing Hongda Jiutong Technology Development Co., Ltd
Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung” or the “Company”), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services (“LBS”) and …
Colombo asks Beijing for another 2.5 billion in loans
The amount would be added to the 2.8 billion the Chinese have granted since the outbreak of the pandemic. New economic agreements also with India. Blackouts continue due to lack of fuel. Colombo …
China steps up social credit system for financial market
China released a document on building a high-quality social credit system on Tuesday, in a bid to promote the efficiency of supply-demand connection, optimize the allocation of resources and build a …
China Blows $46 Billion A Month With ‘Zero-Covid’ Fiasco
Economists everywhere are obsessed with whether China can make this year’s 5.5% gross domestic product target. But two other figures will say far more about how Asia’s biggest economy might affect the …
Bank of China Sees Fastest Profit Growth in 2013 on Recovery
Bank of China Ltd. reported its biggest profit increase in almost a decade last year as lending momentum recovered in the second year of the pandemic and a build up in bad loans eased.
Kuaishou Sales Top Estimates in Defiance of China Slowdown
Kuaishou Technology’s revenue beat estimates, defying China’s economic slowdown despite intensifying competition with TikTok-owner ByteDance Ltd.Most Read from BloombergLow-Priced Omega Speedmaster …
China’s central bank conducts 150b yuan of reverse repos
BEIJING – China’s central bank on Tuesday conducted 150 billion yuan ($23.57 billion) of reverse repos to maintain liquidity in the banking system. The interest rate for the 7-day reverse repos was …
Shanghai Clearing House Keeps China’s Financial Markets Ticking Amid Covid Lockdown
Shanghai Clearing House, the only centralized clearing agency in China’s interbank market and one of the country’s three largest bond issuance registration, custody and settlement institutions, is …