Bank of China’s decision to close its city-level branch in Lanzhou, the capital of China’s northwestern Gansu province, after just three years is an unusual step, according to an insider. The branch’s …
Tagged By financials
China Finance Online Appoints Wumei CEO as Independent Director
China Finance Online Co. Limited (“China Finance Online”, or the “Company”, “we”, “us” or “our”) (Nasdaq: JRJC), a leading web-based financial services company that provides Chinese individual …
Xi Jinping plays up roles for private sector in China-Africa trade and finance
Chinese President Xi Jinping appears to be banking on the private sector to drive the next phase of China-Africa cooperation as China’s policy banks take a cautious approach to lending.
Opinion: Why China Is Unlikely to Fall Into the Middle-Income Trap
The belief is that other countries implementing the exact same policies as China would also grow by an average of 8 to 10 percent for 40 years. China’s meteoric rise since the 1980’s has been…
Omicron variant could threaten China’s reopening, analysts say
China could double down on its zero-COVID approach as the new Omicron variant reignites concerns about another COVID-19 wave in the pandemic, analysts say. Chief Asia economist at Capital Economics …
Analysis-Japan keen to speed up digital yen launch as China adds geopolitical twist
Japan’s new political leadership is calling on the country’s financial bureaucrats to ramp up efforts toward issuing a digital currency, pointing to China’s far quicker progress as a potential …
China’s lottery sales near 30b yuan in October
A China Welfare Lottery sales station is seen in Hangzhou, East China’s Zhejiang province, on May 24, 2021. [Photo/IC] BEIJING — China’s lottery ticket sales totaled 29.39 billion yuan (about $4.6 …
China’s Property Woes Worsen as Home Prices Slip in November-Survey
China’s property market woes worsened in November, with prices for both new and resale homes falling amid weaker demand in bigger cities, a private-sector survey showed on Wednesday. The property …
China debt: there’s more than meets the eye
But with international bond market and loan market all but shut for the sector — thanks to volatility emanating from the debt crisis at high-profile firm China Evergrande Group — developers are …
China’s Developers Face $12 Billion in Trust Payments This Month
Chinese developers are facing $12 billion in trust payments coming due in December, posing a major challenge for the sector whose liquidity squeeze has spooked global markets. The firms have already …
China’s QDII approved quotas reach $154 billion
The approved quotas of the Qualified Domestic Institutional Investor (QDII) program, a program that allows Chinese investors to access foreign assets, totaled $154 billion as of Tuesday, said the …
China’s Xi pledges another 1 bln COVID-19 vaccine doses for Africa
China will deliver another 1 billion doses of COVID-19 vaccines to Africa and encourage Chinese companies to invest no less than $10 billion in the continent over the next three years, President Xi …
Sokhonn plans China trip
Minister of Foreign Affairs and International Cooperation Prak Sokhonn will lead a delegation on an official visit to Hangzhou City in China’s Zhejiang province from December 3-5.
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