Top Chinese refining major Sinopec Corp will prioritise “risk control” in purchasing Russian oil, which has similar quality for its value versus competing global supplies, a top company executive said …
Tagged By financials
Can China’s Stimulus Measures Help Beijing Succeed in Achieving Its Economic Aims?
GDP came in at 5 percent, aligned with the PBoC’s target, largely due to state stimulus. Will the momentum continue in 2025, especially when confronted with protectionism from trading partners such as …
Standard Chartered Bank Group CEO stresses broad business prospects in China thanks to innovation, opening up
BEIJING – As China’s high-tech sector thrives and Chinese firms continue to explore opportunities overseas, the China-related business of Standard Chartered Bank has seen a robust growth and enjoys …
China equity issuance doubles as tech race draws back global investors
Global investors are increasingly re-rating mainland China’s stock markets after two years of sitting on the sidelines, which bankers said will help drive renewed activity in a market where equity …
Economist Michael Pettis on China’s consumption paradox and the pitfalls of a trade war
The professor of finance and author talks China’s economy and argues the US dollar’s monopoly role in trade is an ‘unsustainable’ anomaly After more than two decades in China – including years spent …
Canadian arm of China’s largest bank had plans to set up payments processor to collect spending data
Industrial and Commercial Bank of China (Canada) proposed setting up a payments processing system for debit and credit cards but abandoned the initiative, according to a source …
BlackRock’s Fink made Trump happy with Panama Canal deal. The cost may be an unhappy China.
BlackRock CEO Larry Fink orchestrated the Panama Canal port takeover that made President Donald Trump happy, but the cost may be an angry Xi Jinping.
Elon Musk’s companies have billions in federal contracts but also deep ties to China. Trump said it makes him ‘susceptible’ as a businessman
Tesla, for its part, has received $11.4 billion in regulatory credits from federal and state governments, according to a Washington Post analysis. Cumulatively, Musk’s companies have received $38 …
AstraZeneca invests $2.5 billion in Beijing hub amid probe
AstraZeneca Plc will invest $2.5 billion in a new research center in Beijing, in a major show of commitment to China just months after the company’s top executive there was detained by authorities.
Canadian arm of China’s largest bank repeatedly broke money-laundering rules despite multiple warnings from regulators
Confidential documents show Industrial and Commercial Bank of China (Canada) failed to fix problems with its anti-money laundering and anti-terrorist financing controls despite successive orders from …
China’s banks cautiously adopt AI as state pushes DeepSeek rollout
While it has not been pushed as hard as in other industries, bank adoption of DeepSeek has begun, with Chinese media reporting as many as 20 banks using the AI. These include state-owned banks giants…
China’s central bank says to guide financial institutions to increase credit supply
BEIJING, March 21 (Xinhua) — The People’s Bank of China (PBOC) said Friday it would maintain ample liquidity in the financial system while guiding financial institutions to increase credit supply, …
China’s central bank says it will boost forex market resilience
China’s central bank will cut banks’ reserve requirement ratio and interest rates at the “appropriate time” and strengthen the resilience of its forex market, it said on Friday during a quarterly …
