O N MAY 3RD investors in Chinese stocks woke up to the news that Jack Ma, the co-founder of e-commerce giant Alibaba, had been arrested on national-security charges. Or so many of …
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International Finance Forum 2022: Geopolitical Conflicts and Covid-19 Pandemic Blunt Efforts to Boost Global Economic Recovery
Colliding challenges have cast uncertainty over the global economy as the world continues to grapple with escalating geopolitical conflicts, rising inflation, and renewed coronavirus outbreaks, said …
COVID-hit Beijing returns to work after subdued Labour Day break
Beijing returned to work on Thursday after a five-day Labour Day holiday devoid of the usual trips across the country or lavish family dinners, as China’s capital tried to eradicate a COVID outbreak …
Industrial Bank extends 56% more loans to small businesses
The Industrial Bank Co Ltd issued more inclusive loans to micro and small businesses in 2021 to help them resolve financing difficulties amid the COVID-19 pandemic, the lender said. The bank extended …
Iron ore futures rise on optimism over China central bank support
On the Singapore Exchange, the most-active June contract SZZFM2 rose 1.6% to $145.15 a tonne by 0710 GMT. The People’s Bank of China on Wednesday vowed to “waste no time planning incremental policy …
China’s COVID controls makes EU firms consider shifting investments – chamber
European businesses in China are increasingly looking to shift their investments to other markets due to the country’s strict …
China’s economy is going backwards
China’s gigantic services sector just contracted … That includes Shanghai — the nation’s leading financial center and a major manufacturing and shipping hub. The city has been under …
DUP Millions in Beijing urged to work from home to fight Covid
But Feng Yinhao, a massage parlour employee in Chaoyang district, said Beijing was “still normal” compared to the country’s largest city, Shanghai. Authorities have been treading cautiously since an …
WRAPUP 1-Beijing returns to work after 5-day break on high alert for COVID
BEIJING/SHANGHAI, May 5 (Reuters) – Beijing returned to work on Thursday after a five-day Labour Day holiday with China’s capital on high COVID alert as it tries to eradicate an outbreak it has …
China’s yuan firms on stronger fixing, c.bank seen prioritising stability
China’s yuan returned from a three-day market holiday slightly firmer on Thursday as the central bank set a stronger fixing, and as the dollar stepped back on diminished expectations for aggressive …
China central bank conducts reverse repos to boost liquidity
BEIJING, May 5 (Xinhua) — China’s central bank on Thursday conducted 10 billion yuan (1.52 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system. The interest rate for …
Bank of America picks Asia-Pacific stocks to sell partly because of high revenue exposure to China
Here are Wednesday’s biggest analyst calls of the day: Starbucks, Lyft, Carvana, Uber, Target & more Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get more…
Shanghai’s financial system helps firms restart
An employee of the Shanghai branch of Industrial and Commercial Bank of China works at the office. [Photo/Xinhua] With its citywide lockdown, Shanghai’s financial professionals and regulators have …
