Tax on withdrawal of funds is down to 3 per cent from 7.5 per cent, a move likely to drive participation and buoy a market seen reaching US$1.4 trillion by 2030.
Tagged By finance
Moderna refused China request to reveal vaccine technology: Financial Times
Moderna Inc has refused to hand over to China the core intellectual property behind the development of its Covid-19 vaccine, leading to a collapse in negotiations on its sale there, the Financial …
Infrastructure spending is becoming important again as China’s economy faces downside risks: UBS
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China’s lottery sales up 5.7 pct in August
China’s lottery ticket sales reached 34.48 billion yuan (about 4.86 billion U.S. dollars) in August, up 5.7 percent year on year, data from the Ministry of Finance showed. Sales of lottery tickets to …
Deloitte China fined $31m for letting clients do their own audit work
Under sanctions handed down by a US regulator, Deloitte will also have to better train staff in China and hire external consultants to review its practices.
China’s financial leasing sector posts steady expansion
China’s financial leasing sector registered a steady expansion in 2021 despite COVID-19 shocks, a report from the China Banking Association showed. As of the end of 2021, total assets of the country’s …
Financial bonds floated by China EximBank exceeds 10 trillion yuan
Yuan-denominated financial bonds floated by the Export-Import Bank of China (China EximBank) has exceeded 10 trillion yuan (about 1.4 trillion U.S. dollars), data from the bank showed. The lender has …
China’s zero-Covid pursuit has seen stocks plunge US$5 trillion since 2021, benefiting India
Beijing’s zero-Covid pursuit, regulatory crackdowns and tensions with the West have led to a US$5 trillion rout in Chinese stocks since early 2021. Indian stocks, meanwhile, have kept hitting record …
China steps up bid to calm markets ahead of key leadership meeting
China’s financial regulators are moving to stabilize equity markets and reverse a slide in the yuan in the run-up to a key national leadership meeting this month. But a gloomy growth outlook at home …
Taiwan Bank To Buy American Continental, Eyes Further U.S. Expansion Amid Military Tension With Beijing
Taichung Commercial Bank of Taiwan said on Friday it had agreed to buy California-based American Continental Bank for approximately $82 million as part of an effort to expand into the U.S. market.
China’s economic rise a source of global stability: PM
Prime Minister Shehbaz Sharif on Saturday congratulated China on its National Day, and said that the “peaceful rise of China as the second largest economy” and global power was a source of stability …
China’s fiscal revenue rebounds as pro-growth policies pay off
China’s fiscal revenue and tax revenue were both on the mend after months-long decline, a sign of pro-growth policies taking hold. The country’s fiscal revenue grew 5.6 percent year on year in August …
Economic Watch: China’s fiscal revenue rebounds as pro-growth policies pay off
China’s fiscal revenue and tax revenue were both on the mend after months-long decline, a sign of pro-growth policies taking hold. The country’s fiscal revenue grew 5.6 percent year on year in August …
