The recent bank runs started from three rural village and town banks (VTBs) in Henan province. Three more runs on VTBs happened within a month, including two in neighboring Anhui province. Five of the …
Tagged By finance
China’s video game industry revenue is down 1.8%, its first drop in 14 years
Strict national regulations and an extremely slow approval process has left even giants like Tencent and NetEase feeling stifled on their home turf.
Chinese Mortgage Crisis Could Threaten Financial Stability
The strike on home-loan payments could expand to US$355 billion, causing a crisis in confidence for the most-important sector in China’s economy.
China’s ‘opaque’ loan deals behind Lanka crisis, says USAID, hails India
While lauding India’s economic assistance to Sri Lanka, visiting US Agency for International Development (USAID) administrator Samantha Power cited China’s “opaque” loan deals with the island nation …
China Online Healthcare Market Report 2022-2026 with Profiles of Alibaba Group, WeDoctor, Miao Health, DXY.cn, JD.com, and Ping An Good Doctor
China online healthcare market is forecasted to reach US$311.48 billion in 2026, experiencing growth at a CAGR of 36.89% during the period spanning from 2022 to 2026. Growth in China online healthcare …
China-US Deal Needed Very Soon to Avoid Delistings, SEC’s Gensler Says
US and China officials must reach an agreement “very soon” over access to audit work papers for Chinese companies to avoid being kicked off American stock exchanges, Securities and Exchange Commission …
China blasts Portman report of spying on the Fed as ‘political lie’
China lashed out at U.S. Sen. Rob Portman, a Republican from Cincinnati who accused the country of trying to get secret information from the Federal Reserve, saying the claim was a ‘political lie’ and …
China ‘forcibly detained’ US Fed employee in hotel room, ‘threatened family’: report
An investigation by the US Senate found that the employee was detained at least four separate times when he visited Shanghai in 2019.
Gucci Owner Suffers From Bigger China Exposure Amid Lockdowns
Gucci continues to suffer from repeated Covid-19 lockdowns in China, where Kering SA’s biggest brand has a greater exposure than other luxury labels.
HESS: Putin doesn’t fit with China’s plans for an alternative global financial order
For Russian President Vladimir Putin, his invasion of Ukraine is not only an attempt to subdue, and possibly destroy, the Ukrainian nation.
China says it is tracking its out-of-control rocket amid fears it could drop anywhere on Earth
China is tracking an out-of-control rocket that is set to fall to Earth in the coming days, it has said. Since then, it has begun falling back down to Earth – with even China seemingly…
Exclusive-UBS plans to expand China footprint with new mutual fund unit – sources
UBS Group AG plans to set up a wholly owned mutual fund business in China, two people with direct knowledge of the matter told Reuters, as the Swiss bank seeks to expand its footprint in…
China Wanted Complete Confidential Info of Federal Reserve; Beijing Built a Network of Informants Inside Fed to Access Data: Probe
China recruited US-based economists to receive internal information about Federal Reserve in return for money and other perks.
