Xi Jinping can revive the economy by encouraging more consumer spending, but would lose some political control …
Tagged By finance
Information Office of Beijing Municipal Government’ Features: “My Beijing, My Story” Depicts the Lifestyle of People Living in Beijing
Small alleys extend in all directions beneath glittering skyscrapers, and ancient monuments stand quietly to witness the hustle and bustle of the streets. With a unique balance between a modern …
China’s property crash: ‘a slow-motion financial crisis’
In the first part of a series, the impact of falling house prices is spreading to local government finances and the broader economy …
Tax cuts for China’s private pension scheme likely to lure participants as financial institutions vie for market share
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.
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.
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