The China stock market has moved lower in consecutive trading days, surrendering more than 50 points or 1.5 percent along the way. The Shanghai Composite Index now sits just above the 3,355-point …
Tagged By finance
China Bank keeps Baa2 credit rating
CHINA Banking Corp. said debt watcher Moody’s Investors Service maintained its investment grade credit rating as a result of the company’s solid capitalization …
General Motors Reports Worst Sales Since Covid Lockdowns in China
General Motors (NYSE: GM) reported its worst quarterly sales in China since the start of the coronavirus pandemic, amid a rise in Covid-19 cases in the country as well as continuous global supply …
America rethinks its strategy for taking on China’s economy
Slowly, though, the shape of Mr Biden’s approach to the Chinese economy is emerging. The coming weeks may determine whether it amounts to a resolute, coherent strategy or a mess of contradictions. The …
Volkswagen planning ‘big moves’ and hiring spree in China
Volkswagen CEO Herbert Diess said the company is planning “big moves” in China. “We will do some major investments in China,” Diess said in an interview posted Tuesday on LinkedIn. “In a few years, we…
Stocks of ASML Holdings suffers as US plans to restrict supply to China
ASML Holdings is one of very few companies in the world that is into the manufacturing lithography systems and other such vital machines …
China’s commercial banks’ profits to rise 8% in Q3
China’s commercial banks are expected to see profits rise 8 percent year on year in the third quarter of 2022, according to a report issued Tuesday by the Bank of China Research Institute. From April…
Foreigners cut China debt, buy equities in June – IIF
Foreign investors continued to cut holdings in Chinese bonds in June but added positions in equities, bucking the trend in other emerging markets (EM), the Institute of International Finance (IIF) …
China In Eurasia Briefing: The Contradictions In Beijing’s Russia Ties
Russia and China’s trade relationship beyond oil, Beijing’s security demands in South Asia, and Chinese investment.
Goldman Sachs and ICBC Joint Venture Is China’s Latest Wealth Management Collaboration
The Goldman Sachs and ICBC collaboration is interesting in part because of Goldman’s vast expertise, but also because ICBC has the widest network of client branches in China.
China graft probe targets Bocomm Leasing and Minsheng Financial Leasing
Chinese anti-corruption authorities have detained two leading domestic shipping bankers in a widening probe of the country’s state-owned financial leasing houses that ship finance sources fear could …
Scalded by Russia, investment funds tread carefully in China
China, the only big economy promising a growth rebound this year, is again luring foreign investors. Yet the fear that Beijing may someday end up as ostracised from global markets as Russia is keeping …
Chinese FM on Southeast Asian blitz to push Beijing’s Global Development Initiative
Wang Yi’s trip comes soon after G7 announces pledge to raise U.S. $600 billion for infrastructure in developing countries.
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