Russian oil firms face delays of up to several months to be paid for crude and fuel as banks in China, Turkey and the United Arab Emirates (UAE) become more wary of U.S. secondary sanctions,…
Tagged By financials
Worsening tensions between China and the U.S. will make Hong Kong and its ‘unique status’ even more important, says the city’s top financial official
We are different from the rest of China, in terms of our way of doing things in business,” Paul Chan said on Wednesday at the Fortune Innovation Forum.
China invests in green, transition finance systems and frameworks
The regional leader in green bonds will keep looking at labelling and internationally aligned standards, such as the common ground taxonomy with the EU, experts discussed at ICMA’s inaugural summit.
China’s anxious jobseekers face reality as career aspirations vanish, youth unemployment pressure remains
Young jobseekers in China are grappling with disillusionment within the grim employment market, while Beijing is eager to maintain social stability and boost consumption.
Analysis: China is one of the costliest places to raise a child, and it’s not all about the money
China is the world’s second-most expensive country to raise a child, relative to its GDP per capita, according to a prominent Chinese think tank. Beyond the financial pinch, there’s also a hefty price …
Chinese cities to close local financial asset exchanges to defuse risks
Four Chinese provinces and cities are shutting down their financial asset exchanges as part of efforts to crack down on illegal fundraising and rising risks in local government finances. Local financi …
Two ETFs for investors looking to tap bargains in China recovery
Gift 5 articles to anyone you choose each month when you subscribe. From its peak in early February 2021, China’s sharemarket went through a grinding three-year decline of 40 per cent, while over the …
China’s central bank head dissuades real estate woes as Vanke teeters towards default
Pan Gongsheng, governor of the People’s Bank of China, has attempted to dispel concerns over the country’s laggard property market in closed-door talks with executives and financiers.
China’s economy remains resilient with powerful underlying strengths and long term opportunities, say Hong Kong officials, UBS’s Ermotti
Global investors should focus on long-term opportunities in China and take advantage of Hong Kong’s role as a ‘superconnector,’ according to officials and executives from UBS and Primavera Capital.
Green finance regulation in China
Wei Quan, Yipu Li, and Xun Li of Han Kun Law Offices report that China has made great strides in developing its green finance markets as the country strives for alignment with international standards …
Chinese premier meets with World Bank president, calling for closer partnership
Chinese Premier Li Qiang met with World Bank President Ajay Banga on Monday in Beijing, calling for a closer partnership.
Rural Men in China Claim Financial Strain Over Dowries, Social Media Response Divided
A news report detailed a rural bachelor in China unable to afford a $70,000 dowry, drawing widespread criticism. The exorbitant dowry far exceeds the annual earnings of an average rural worker. Social …
Mumbai overtakes Beijing as Asia’s billionaire capital for the very first time
In a historic first, Mumbai has dethroned Beijing as Asia’s billionaire capital, with a staggering 92 billionaires compared to Beijing’s dwindling 51 …