Beijing used similar language to condemn the allegations involving … World News // 21 hours ago Nearly 9,000 Palestinians have been arrested in West Bank June 2 (UPI) — As Israel continues to seek …
Tagged By financials
China’s commercial banks see stable credit asset quality
At the end of the first quarter, the total domestic and foreign currency assets of China’s banking financial institutions stood at 429.6 trillion yuan, an increase of 8.1 percent year-on-year, the …
China’s $889M Auto Trade-in Subsidies for 2024
China’s finance ministry has allocated 6.44 billion yuan ($889.02 million) for auto trade-in subsidies in 2024. This significant amount aims to incentivize scrapping old cars for new ones, boosting …
Are the days of cheap finance for Chinese solar over?
The Chinese PV industry has benefited from the availability of substantial finance over the past two decades, supporting the development of the renewable, zero-carbon capability essential for meeting …
Zelensky Says China Is Helping Russia Undermine a Peace Summit on Ukraine
SINGAPORE—Ukrainian President Volodymyr Zelensky accused China of pressuring countries to boycott a peace conference he’s promoting in Switzerland later this month and warned that Beijing’s support …
Hong Kong finance chief Paul Chan calls for more ‘open interactions’ and tech collaboration between China, US bay areas
Hong Kong finance chief sums up four-day trip to the United States in weekly blog ‘Pragmatic topics’ such as carbon markets, sustainable finance and talent development are good starting points for …
Economist Stephen Roach, who thinks China has a gloomy economic future, says Biden is pushing the two countries into a ‘forever’ trade war
The escalating U.S.-China trade war could become a “forever war” that ultimately drags on with no clear end in sight, according to Stephen Roach, who is an expert on the Chinese economy. The former …
US says it could act against China firms, banks over Russian war support
The United States and other nations could take steps against Chinese firms and financial institutions over Beijing’s backing for the Russian war against Ukraine, a top U.S. official said on Friday. Th …
China’s top executives suffer first average pay cut in 2 decades as sluggish economy weighs on listed firms
Average annual salary of executives at Chinese listed companies last year fell by 3.27 per cent, mirroring broader patterns of stagnating or falling wages amid the sluggish economic recovery.
China Asks Bond Underwriters to Check for Local Debt Risks
A Chinese market watchdog asked some financial firms this week to review any bond underwriting that may have gone against government plans to defuse local debt risks, according to a notice seen by …
‘China’s London’? Hong Kong’s finance hub status will be cemented by mainland’s economic development, summit told
Hong Kong’s status as an international financial centre will be reinforced by yuan internationalisation and China’s economic transformations, according to top finance officials and industry players.
China posts a surprise factory slowdown as Beijing tries everything from cut-rate mortgages to ‘cash-for-clunkers’ to get consumers to spend more
Friday’s disappointing data could reinvigorate debate about the speed and direction of Chinese stimulus, as Beijing tries to revive the economy … suggested earlier this month. The investment bank …
Asian FX Weakens on Disappointing China PMIs; Dollar Holds Steady Ahead of PCE Data
On Friday, a notable trend emerged as most Asian currencies faced downward pressure, with the Chinese yuan notably drifting towards six-month lows. This shift was prompted by disappointing readings on …
