Latest News for: China financier

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Foreign-funded companies upbeat about China's insurance brokerage business

China.dot.org 30 Nov 2023
Two foreign-funded insurance brokerage companies have obtained permits for insurance brokerage business in China, marking the expansion of the country's financial opening-up ... We are honored to be another proof of China's financial openness," said Andreas Glunz, the legal representative of BMW (China) Insurance Brokers Co., Ltd.
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PBOC’s Pan telling hard, uncomfortable truths

Asiatimes 30 Nov 2023
Nor did Pan shy from discussing the biggest potential cracks in China’s financial system ... Resolving local government debt troubles, made worse by an explosion of local government financing vehicles (LGFVs), is vital to stabilizing China’s $61 trillion financial sector while China Inc is already grappling with cratering real estate markets.
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Chinese President visits Shanghai for first time in three years as economy falters

Beijing News 30 Nov 2023
This comes as his government steps up efforts to support the country's economy and financial markets, CNN reported ... "Finance should better serve the real economy," it said, adding that Xi's inspection of the Shanghai Futures Exchange showed his "high priority and ardent expectations" towards building China into a financial powerhouse.
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Inbound tourism recovers fast from pandemic

ECNS 30 Nov 2023
Visitors to the Bund in Shanghai in April pose for a photograph, with the Pudong financial district in the background. (WANG GANG/FOR CHINA DAILY) ... Citizens of the five European countries and Malaysia can enter China without a visa for business, tourism, family visits and transit purposes.
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Analysts at China's CICC told not to publish bearish views, wear luxury items -memo

Reuters 30 Nov 2023
HONG KONG, Nov 30 (Reuters) - China International Capital Corp (CICC) (3908.HK), the country's third-largest investment bank by market value, has told analysts not to publish bearish views on China's economy or its financial markets, according to an internal memo seen by Reuters.
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Xi Jinping visits financial hub Shanghai for first time in three years as Chinese economy sputters

CNN 30 Nov 2023
The visit, his first since 2020, comes as business confidence wanes in China and foreign companies pull out of the country ... “Finance should better serve the real economy,” it said, adding that Xi’s inspection of the Shanghai Futures Exchange showed his “high priority and ardent expectations” towards building China into a financial powerhouse.
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ADIO and CCB to boost Chinese investment into Abu Dhabi

GDN Online 30 Nov 2023
“Being one of the first Chinese investment services group to sign a memorandum of understanding with ADIO, we are extremely excited at the opportunity to promote the development of “The Belt and Road" initiative and to deepen the financial cooperation between China and the UAE.” .
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A glimpse of Horinger data center cluster in N China

People Daily 30 Nov 2023
A staff member checks equipment at a cloud computing information zone of China Telecom in Horinger, Hohhot City, north China's Inner Mongolia, Nov ... 28, 2023 shows a financial technology center project of Bank of China in Horinger, Hohhot City, north China's Inner Mongolia.
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Red flags raised — Memo: $5 million loan from Chinese firm to Hunter Biden

The Liberty Beacon 30 Nov 2023
The memo also noted that the transmission of the $5 million loan from China has “no loan agreement document submitted” and that there was public news reports that Hunter Biden was in the midst of financial difficulties ... “ wondering what’s happening here, it’s coming from China.
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Share prices soar as PDD beats revenue forecast

ECNS 30 Nov 2023
(Photo provided to China Daily) ... Mo Daiqing, a senior analyst at domestic consultancy Internet Economy Institute, said PDD Holdings' strong financial performance indicates improved consumer sentiment and the continuous recovery of China's consumption market.
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Shanghai FTZ's Lingang new area sees fruitful results of opening up

People Daily 30 Nov 2023
5, 2018, Chinese President Xi Jinping announced at the opening ceremony of the first China International Import Expo that China would expand the China (Shanghai) Pilot Free Trade Zone (FTZ) to include a new section ... 20, 2019, the Lingang new area of the China (Shanghai) Pilot FTZ has launched a series of measures of opening up.
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EU reselling Russian gas – FT

Russia Today 30 Nov 2023
Read more Russia sets new record for gas deliveries to China ... About 21% of this amount was transferred to tankers heading to other countries, including China, Japan, and Bangladesh, data from the Institute for Energy Economics and Financial Analysis revealed.
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Taiwan leader says major China invasion unlikely due to ‘domestic challenges’

Manila Standard 30 Nov 2023
NEW YORKChina is not likely to consider a major invasion of Taiwan for now due to domestic challenges, the island’s president Tsai Ing-wen said Wednesday, although Beijing is trying to sway its upcoming election ... China considers democratic Taiwan its territory, to be taken one day by force if necessary.
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‘China overwhelmed by internal challenges’: Taiwan leader on ‘unlikely’ invasion

Hindustan Times 30 Nov 2023
China is not likely to consider a major invasion of Taiwan for now due to domestic challenges, the island's president Tsai Ing-wen said Wednesday, although Beijing is trying to sway its upcoming election. China-Taiwan Conflict ... China considers democratic Taiwan its territory, to be taken one day by force if necessary.

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