Four projects to be funded by the China International Development Cooperation Agency (CIDCA) are in the final stage of negotiation, officials say. Chairman of the Chinese external aid agency, Luo …
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Foreign automakers eager for Chinese partners at Beijing auto show
Global automakers including Volkswagen and Toyota came to this year’s Beijing auto show looking to catch up to surging China EV makers that are dominating the world’s largest auto market. The show …
China central bank flags bond investment risks to some financial institutions: sources
CHINA’S central bank has flagged interest rate risks to some financial institutions, asking them to cut leverage and reduce their exposure to long-dated bonds following a feverish rally, sources said …
Official of China’s securities watchdog under investigation for ‘serious violation’ amid uptick in market regulation
Yao Qian is the director of the department of technology supervision at the China Securities Regulatory Commission He is being investigated by the Central Commission for Discipline Inspection and a …
China General Nuclear lands first yuan trade finance for Brazil solar plant
China General Nuclear Power Group (CGN) has secured its first yuan-denominated trade finance to import Chinese PV modules for a solar plant in Brazil, official media said on Friday.
As US Looks to Seize Russia’s Assets China Dumps US Treasury Bonds
The US Senate approved a package of proposals on Tuesday that would send military help to Ukraine, Israel, and Taiwan, collect Russia’s frozen assets and transfer them to Kiev, and impose new …
Beijing bourse facilitates treasury bond issuance of over 1.12t yuan in Q1
BEIJING – More than 1.12 trillion yuan ($157.9 billion) of treasury bonds and over 66.79 billion yuan of local government bonds were issued on the Beijing Stock Exchange (BSE) in the first quarter of …
China’s Bank of Communications Q1 profit rises 1.44%
China’s Bank of Communications Co Ltd (BoCom) , reported a 1.44% rise in first-quarter net profit amid a slowing economy.
Terry Glavin: Iran is the China-funded fulcrum of global terror
China buys between 80 and 90 per cent of Iran’s sanctioned … which covers transactions between Chinese financial institutions and sanctioned Iranian banks. Biden signed that new sanctions law …
China’s CITIC Securities Q1 profit falls on lower fee, broker income
CITIC Securities Co , , China’s biggest brokerage, reported on Friday that first-quarter net profit fell 8.5%, hit by the sluggish investment banking environment.
Russia’s Yandex reports Q1 revenue rise as market awaits spin-off news
Russian internet giant Yandex reported a 40% rise in first-quarter revenue to 228.3 billion roubles ($2.47 billion), driven by growth in e-commerce and ride-hailing, with the market awaiting news on a …
Chinese Financial Services Shares Gain on Consolidation Hopes
Shares of several Chinese financial services companies traded higher Friday on expectations that the sector may see consolidation after state-run Guolian Securities announced its intention to buy …
China’s beefed up statistics and accounting laws under review, robust fines to increase cost of fraud
China is reviewing amendments to laws governing statistics and accounting, with Beijing eager to clamp down on inflated or manipulated economic statistics and uphold rules in the world’s …