Mastercard recently announced it has partnered with Bank of Shanghai to enable better cross-border business payments in China. Mastercard reported that with its cross-border services, businesses will ... ( read original story ...)
Why Alibaba Stock Gained 16% Last Month
Shares of Alibaba surged last month as the company rode a broader wave in Chinese stocks on signs that China's economy was recovering as the U.S. fell victim to a r ... ( read original story ...)
China is home to four of the world’s five largest unicorns, led by Alibaba’s Ant Group
Alibaba’s Ant Group, TikTok owner ByteDance, ride-hailing giant Didi Chuxing and fintech firm Lufax topped the rankings of the world’s 586 known unicorns – start-ups valued at more than US$1 billion – ... ( read original story ...)
Chinese investors shift to money market funds as equities turn volatile
Chinese investors are swapping their bets in equities for safe-haven money market funds (MMFs) as stock markets continue to be volatile on the back of concerns about domestic policy tightening and ... ( read original story ...)
GRAPHIC-Chinese investors shift to money market funds as equities turn volatile
Chinese investors are swapping their bets in equities for safe-haven money market funds (MMFs) as stock markets continue to be volatile on the back of concerns about domestic policy tightening and ... ( read original story ...)
Central bank pledges continued opening-up of financial industry
The People's Bank of China (PBOC), the central bank, said Monday that it will resolutely push forward the opening-up of the country's financial industry in a sound and orderly manner. Measures ... ( read original story ...)
Typhoon brings rains to coastal China, heads toward Shanghai
BEIJING (AP) - A typhoon brought high winds and heavy rains to China’s eastern coastal areas Tuesday and was headed toward the financial hub of Shanghai. China’s National Meteorological Center said ... ( read original story ...)