(Bloomberg) — Asian stocks and US equity futures gained Monday as Beijing reopened further from its Covid restrictions, helping soothe a fragile mood amid inflation and rate-hike concerns.
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China’s Ant Group launches digital bank ANEXT in Singapore
China’s Ant Group, a financial technology (fintech) giant controlled by billionaire Jack Ma, on Monday said it has launched a digital wholesale bank incorporated in Singapore, dubbed ANEXT Bank.
China’s stimulus measures would be the key thing for investors to watch, says Credit Suisse
Jack Siu of the investment bank says the infrastructure and internet-related sectors will be getting most of the money.
China Stocks Climb as Easing Beijing Covid Curbs Lift Sentiment
Chinese stocks advanced on Monday as bets rose that economic activity will pick up after Beijing rolled back Covid-19 restrictions. Most Read from BloombergRussia Hits Kyiv With Missiles; Putin Warns …
Ant Group launches digital bank ANEXT in Singapore
Ant Group, the Chinese financial technology giant controlled by billionaire Jack Ma, said on Monday that it has launched a Singapore-incorporated digital wholesale bank, ANEXT Bank.
How the West should engage China
The world order is at risk of a lasting split, with the United States and its allies on one side, and China and its partners on the other. As US Treasury Secretary Janet Yellen noted…
Thai c.bank to hold rates until end-2022, calls for earlier hike grow louder
Thailand’s central bank will leave interest rates unchanged at their record low for the rest of the year to support economic recovery, but there are growing calls for an earlier rate rise amid …
UPDATE 1-Beijing to allow indoor dining, further easing COVID curbs
Beijing will further relax COVID-19 curbs by allowing indoor dining, as China’s capital steadily returns to normal with inflections falling, state media said on Sunday. Beijing and the commercial hub …
Bank of China, Everbright Bank fined US$2.2 million for flouting asset management rules
Bank of China and Everbright Bank become the first lenders to be fined by the mainland’s banking regulator along with their wealth management units, as their products fall short on risk limits.
Agricultural Bank of China steps up support for manufacturing industries
The Agricultural Bank of China one of the country largest commercial lenders has scaled up support for the manufacturing sector B …
China Development Bank issues 8b yuan in bonds to boost rural vitalization
The China Development Bank, one of the country’s policy banks, has issued a total of 8 billion yuan ($1.2 billion) of financial bonds to aid rural vitalization. Raised funds will be used as loans to…
China must switch from mass testing to vaccinations to move on from its wasteful zero-Covid policy
Less than half of China’s over-80s are double jabbed, yet little is being done on a national level to encourage the most vulnerable in society to get vaccinated Instead, the government seems intent on …
Hope Blooms for China Stocks as Analysts Stop Cutting Estimates
(Bloomberg) — A stabilization in earnings expectations is adding to optimism that the worst may be over for China’s beleaguered stocks. Most Read from Bloomberg One-Third of Americans Making $ …
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