Latest News for: China financier

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Will digital currencies dethrone or cement the US dollar?

The Hill 17 May 2021
has an opportunity to deepen its role in the global financial system and outflank China’s digital currency efforts by extending America's banking power to the world and underpin the next generation of financial innovation and inclusions ... may prefer the status quo, China’s digital ...
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CDB Aviation Begins Deliveries of Four A320neo Family Aircraft to Russia’s Aeroflot

Daily Freeman 17 May 2021
CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced that the company delivered the first of four Airbus A320neo family aircraft on long-term lease to Russia’s flagship airline, Aeroflot.
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Creating more global cooperation opportunities is new development pattern

China Daily 17 May 2021
China will further shorten the negative list for foreign investment, and ... Greg Gilligan, chairman of AmCham China, affirmed China's progress on improving the business environment, strengthening the protection of intellectual property rights and opening-up the financial industry.
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China Merges Ailing Small Lenders to Head Off a Big Crisis

Caixin Online 17 May 2021
Shanxi Bank is capitalized at 24 billion yuan ($3.7 billion), making the institution the second-largest municipal commercial bank in China ... The formation of Shanxi and Sichuan banks is part of China's push to combine struggling small lenders ... Financial regulators have supported regional banks in part by deferring debt payments.
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Goldman Sachs hiring hundreds in HK, China

Hong Kong Standard 17 May 2021
Goldman Sachs Group has been on an unprecedented hiring spree in mainland China and Hong Kong in the first four months of the year, ... Goldman and its rivals are vying for talent as China opens its US$54 trillion financial market fully to foreign brokerages and asset managers.
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Galanz makes offer for Whirlpool's shares

China Daily 17 May 2021
Whirlpool's (China) Board of Directors released an announcement on the delivery completion of the tender offer for shares of the company on May 8 ... The offer to acquire Whirlpool China was not dependent on its short-term financial performance in the past year or two, according to the statement.
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Goldman Sachs on unprecedented hiring spree in China

Straits Times 17 May 2021
Goldman and its rivals are vying for talent as China opens its US$54 trillion (S$72 trillion) financial market fully to foreign brokerages and asset managers ... The five-year plan presented to the board in late 2019 envisioned doubling Goldman's workforce to 600 in China, and expanding in advisory, securities and wealth management.
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China Securities Journal Says Cryptocurrency Trading Is Risky and Calls for Strict Supervision

CryptoPotato 17 May 2021
According to the China Financial Stability Report, investors should be extra vigilant when operating with bitcoin and other crypto assets. Officials from China Securities Journal have called for better regulation and pointed out three major risks that trading with digital assets may carry.
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Anti-dumping probe initiated on solar cell imports from China, Thailand and Vietnam

Business Line 17 May 2021
Reacting to the DGTR move, Dhruv Sharma, CEO of Jupiter Solar Power and member of ISMA’s General Committee member, told BusinessLine, “Dumping from China has been very destructive and has been eroding the cell manufacturing base in India and causing financial losses to the domestic industry.”.
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Global stocks ease after Chinese data paints a mixed picture of recovery and inflation concerns ...

Business Insider 17 May 2021
OHANNES EISELE/AFP/Getty Images US futures and European stocks edged lower on Monday after overnight data out of China. China's April retail sales of 17.7% missed forecasts of a 24.9% growth, suggesting slowing recovery ... Global stocks traded mixed on Monday after China reported consumer spending grew more slowly than expected in April.
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Lock-up shares worth 83B yuan to become tradable

China.dot.org 17 May 2021
dollars) will become eligible for trade on China's bourses in the upcoming trading week ... from financial information provider cls.cn.
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China's central bank injects liquidity into market

China.dot.org 17 May 2021
BEIJING, May 17 (Xinhua) -- China's central bank pumped cash into the financial system through open market operations Monday to maintain liquidity in the market ... according to the People's Bank of China, the central bank.
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Hotel GM lauds Shanghai in video series

China Daily 17 May 2021
"Shanghai is a great financial heart not only for China but also the Asia-Pacific," said Tarik Temucin, the general manager of the Portman Ritz-Carlton in Shanghai ... News to commemorate the 100th anniversary of the founding of the Communist Party of China this year.
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LeEco planning a comeback; announces an event on May 18 LeEco

TechRadar 17 May 2021
Due to its rapid pace of growth, the brand got into financial troubles and fizzled from all the markets apart from China where it had still been selling smartphone accessories under the LeTV brand ... Since the said comeback is planned in China, we can’t blame the company for ...
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Going home: COVID sparks Chinese exodus from Italian textile town

Metro USA 17 May 2021
SAFER IN CHINA. Italy has seen more than 124,000 COVID-19 deaths, while China has reported fewer than 5,000 ... “Most of the Chinese firms in Prato are in great difficulty,” says Luigi Ye, president of Prato’s Italy-China Friendship Association which has offered financial help to 800 Chinese families over the last year.
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