Citigroup Inc said it will wind down its consumer banking business in China, a move which is expected to affect about 1,200 employees in the country.
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China’s reopening brings both risks and opportunities, Asian Development Bank says
China’s reopening would pose both upside and downside risks to the country’s economy, Albert Park, chief economist at the Asian Development Bank said.
Citi to wind down consumer banking in china, affecting about 1,200 staff
Citigroup Inc will wind down its consumer banking business in China in a move that will affect about 1,200 local employees, the bank said in a statement on Thursday.
Annual symposium on Beijing-Hong Kong cooperation opens
The 25th Beijing-Hong Kong Economic Cooperation Symposium kicked off online in the two cities on Wednesday. As a high-end and efficient platform to promote investment between the two cities, this year …
China’s Central Bank Keeps Key Policy Rates Unchanged
China’s central bank kept its key policy interest rates unchanged on Thursday, which may suggest a hold on the nation’s benchmark loan rates as the world’s second-largest economy faces mounting …
UPDATE 1-China c.bank ramps up cash support via medium-term loans, holds rate for 4th month
China’s central bank ramped up cash injections into the banking system on Thursday, while keeping an interest rate on the medium-term policy loans unchanged for the fourth straight month, to keep …
China central bank renews medium-term policy loans, rate unchanged for 4th month
China’s central bank rolled over maturing medium-term policy loans while keeping a interest rate unchanged for the fourth straight month on Thursday, largely matching market expectations.The People’s …
U.S.-China tensions escalate on chip, trade blacklist concerns
Yahoo Finance Live anchors discuss rising tensions between the U.S. and China as the U.S. plans to add Chinese chip companies on its trade blacklist.
Unpacking Chinese finance in the South Caucasus
Chinese development finance in the South Caucasus has had mixed results, often benefiting Chinese lenders and businesses more than their hosts. For borrowers to maximize returns, they should focus …
China financial futures exchange adjusts rules for new option product
The China Financial Futures Exchange on Wednesday tweaked its trading limit rules to add a new product that will debut on Monday. The options based on the SSE 50 Index will start trading on the…
Covid Surge Spooks Beijing Residents, Disrupts Government
Covid infections are surging in Beijing, disrupting official government work and keeping people at home after authorities made an about-turn in their strict policy of managing virus cases. Most Read …
China central bank issues draft rules on financial infrastructure supervision
BEIJING (Reuters) – China’s central bank issued draft rules on Wednesday on financial infrastructure supervision and management, in a move it said would better serve the real economy. Amid a complex …
Covid-19 disrupts life in Beijing as key govt events get cancelled
National Bureau of Statistics cancels press briefing on key economic indicators for November. Read more at straitstimes.com.
