Former manager Bai Tianhui is the second China Huarong official to receive the ultimate penalty, after his former boss was executed in 2021.
Tagged By financials
China-UK green cooperation: a promising future
As major economies, China and the UK have significant influence in promoting green transition. Green cooperation between the two countries has huge potential in the eyes of industrial players and …
IMF upgrades China’s growth forecast to 5% on ‘strong’ first quarter and policy measures
The International Monetary Fund raised its forecast for China’s growth this year to 5%, from 4.6% previously, due to “strong” first quarter figures and policy moves.
China Financial Firms Are Unusually Cash-Rich as Savers Pile In
(Bloomberg) — Cash is so abundant in China’s financial markets that even traditionally liquidity-starved firms are swimming with money. Most Read from Bloomberg Wall Street Returns to T+1 Stock …
China Can’t Use Canada as Trade Path for Cheap Goods, Freeland Says
Canada won’t allow itself to become a foothold for oversupplied Chinese goods that could pass through to its democratic allies, Finance Minister Chrystia Freeland said.
Finance minister says talks are underway over visit to China, meeting with Japan
Finance Minister Choi Sang-mok said that talks have begun in response to an invitation to visit by China as well as a possible ministerial meeting with Japan.
Big Fund III: China pumps another 44 billion euros into semiconductors
This was reported by the Chinese business publication Caixin and the South China Morning Post, citing the Qichacha commercial register. The Chinese Ministry of Finance (17.4 %), China Development Bank …
China financial regulator studies measures for accountability failing to prevent financial risks
China’s National Financial Regulatory Administration held a meeting on Monday afternoon to study the implementation measures for the trial provisions concerning accountability for failing to prevent …
China Market Update: “Big Fund 3” Launches As Shanghai Relaxes Home Purchase Policies
After last week’s downdraft, Hong Kong’s most heavily traded stocks were Alibaba, which gained +1.41%, CNOOC, which gained +4.23%, Meituan, which gained +2.06%, and China Construction Bank, which …
China Sets up the Third Phase of Its Semiconductor Fund with a Massive $47.5 Billion Investment
China has announced the third phase of its National Integrated Circuit Industry Investment Fund with a registered capital of $47.5 billion.
This Chinese Island Reveals How Beijing Plans to Challenge the U.S. Navy
China is expanding its naval bases on the tropical island of Hainan in the South China Sea. Defense analysts say the upgrades point to Beijing’s preparations for a possible conflict over Taiwan. Photo …
China’s latest round of domestic chipmaking funding raises $47 billion
According to Reuters, the state-backed China Integrated Circuit Industry Investment Fund reported that it’s raised funding to the tune of 344 billion yuan ($47.5 billion), which will be used to drive …
China cashes in banking chips for tech drive
China is roping in financial blue-chips in a renewed push to achieve technological self-sufficiency. Six of the country’s biggest lenders have invested in Beijing’s third and largest semiconductor …
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