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Month: March 2023

Posted on 31/03/2023

Economic Watch: Return of Shanghai’s grand fairs marks strong economic recovery

According to Zhang, fabric is a vital component of the textile and garment industry, and physical exhibitions create valuable opportunities to select fabrics through "touch" which was not possible at ... ( read original story ...)

Posted on 30/03/2023

China Construction Bank says needs to manage risks amid banking turmoil abroad

SHANGHAI, March 30 (Reuters) - China Construction Bank Corp (CCB) said on Thursday it needs to manage credit, liquidity and market risks, in light of the banking crisis in the EU and United States. ( read original story ...)

Posted on 30/03/2023

China’s Bank of Communications says it does not hold Credit Suisse AT1 bonds

SHANGHAI, March 30 (Reuters) - China’s Bank of Communications Co Ltd (BoCom) said on Thursday it does not hold Credit Suisse Additional Tier 1 (AT1) bonds. The comments were made by Tu Hong, a ... ( read original story ...)

Posted on 30/03/2023

World stocks rise as bank fears ease; China economy improves

Shares are higher in Europe and Asia following a rally on Wall Street as worries over banks following the collapses of several lenders in recent weeks recede. ( read original story ...)

Posted on 30/03/2023

Stocks rally on Wall Street as bank fears ease further

Wall Street pointed higher early Wednesday as anxiety about the global financial system began to wane somewhat following three high-profile bank failures. Futures for the benchmark S&P 500 index were ... ( read original story ...)

Posted on 30/03/2023

Asia stocks mostly rise after Wall St rally, bank fears ease

Asian shares are mostly higher following a rally on Wall Street as worries over banks following the collapses of several lenders in recent weeks recede ... ( read original story ...)

Posted on 30/03/2023

Postal Bank Gains After China Mobile Buys $6.5 Billion Stake

Postal Savings Bank of China Co., one of the country’s largest state-owned commercial lenders, rose in Shanghai trading after China Mobile Ltd. agreed to buy a stake worth 45 billion yuan ($6.5 ... ( read original story ...)

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