China’s vibrant financial sector, a solid underpinning of the economic prowess and a crucial part of the country’s reform and opening-up, is set to anchor the world’s second-largest economy toward …
Tagged By financials
Global banking sector well capitalised amid uncertainty, but China is still a risk factor for Apac players
THE global banking sector will likely remain resilient in the face of next year’s macroeconomic risks, thanks to strong capitalisation and asset quality across most banks, analysts said. Singapore …
China steps up financial support for economic recovery
Chinese banks have made full use of inclusive finance to shore up cash-strained businesses. In his speech at the forum, Yi said that as of late September, the balance of inclusive loans to China’s …
Credit Suisse cuts one-third of China-based investment-banking jobs
The bank also laid off research staffers headquartered in the country as part of a wider effort to trim 9,000 jobs over three years. Some 2,700 cuts are expected to come this quarter.
At key forum in Beijing, RCEP markets urged to boost financial cooperation to tackle global risks
With the global economic and financial environment becoming increasingly complex, members of the Regional Comprehensive Economic Partnership (RCEP) need to enhance cooperation to promote the economic …
China set to fine Ant Group over $1 bln – sources
STORY: China is lining up a $1 billion fine for Jack Ma’s Ant Group. That’s according to six sources close to the matter. It would set the stage for ending a two-year regulatory overhaul of…
China’s financial hub Shanghai to tighten COVID rules for people entering the city
HONG KONG, Nov 22 (Reuters) – China’s financial hub Shanghai said on Tuesday it will tighten rules for people entering the city from Nov. 24 to combat the recent COVID-19 outbreak in the country.
Beijing to strengthen role as national financial management center; BSE’s capacity to be further expanded
With this year marking the 30th anniversary of the construction and development of Beijing’s Financial Street, officials at this year’s Financial Street Forum charted a course for the capital’s future …
Credit Suisse Lays off One-Third of China-Based Investment Bankers – Sources
Credit Suisse has laid off about one-third of its China-based investment banking team and nearly half of its research department, sources with knowledge of the matter told Reuters, as part of a global …
EMERGING MARKETS-Stocks extend losses on China worries; Hungary c.bank eyed
Emerging market stocks extended loses on Tuesday on worries that China could reintroduce curbs to contain COVID-19 flare-ups, while Hungary’s forint edged higher ahead of a central bank decision where …
China to unswervingly expand financial industry opening-up: banking and insurance regulator
VCG. China will unswervingly expand the opening-up of its financial industry and cultivate a high-class environment for market entities, a C …
China’s Key Money Rate Hits Near 2-Year Low, but Softening Seen Fleeting
Liquidity conditions in China’s interbank money markets eased further on Tuesday, as cash supply far outpaced demand, despite a huge withdrawal of funds by the central bank. Key rates dropped, with …
Lina Choi on China’s Non-financial Companies (Radio)
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