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Month: March 2023

Posted on 12/03/2023

Global competition reshapes future banking outlets

A global design competition wrapped up in Shanghai over the weekend, offering a futuristic glimpse of how banking outlets might look like in the digital era. Nineteen teams from colleges and ... ( read original story ...)

Posted on 12/03/2023

Silicon Valley Bank’s China venture in doubt as start-ups struggle to access US funds

The failure of Silicon Valley Bank has left many Chinese funds and tech start-ups in the lurch, as the collapsed institution served as a key funding bridge for groups operating between China and the ... ( read original story ...)

Posted on 12/03/2023

SVB Collapse Could Add to China Stock Investors’ Anxiety

The market mood could be damped further following Friday's sudden collapse of start-up focused lender SVB, which stirred heated discussion over the weekend in China about its fallout. "The SVB failure ... ( read original story ...)

Posted on 12/03/2023

From Shanghai to Mumbai, Tech Chiefs Race to Contain SVB Fallout

Asia’s tech leaders, half a world away from the chaos that’s engulfed Silicon Valley, are scrambling to assess the potential ramifications for an industry that’s always relied heavily on US capital ... ( read original story ...)

Posted on 12/03/2023

China: Xi’s government doles out key cabinet positions

China's new government led by President Xi Jinping — the most powerful Chinese ... He was Xi's chief of staff first in 2006 in Shanghai and for the past 10 years in Beijing. He Lifeng, 68, replaced ... ( read original story ...)

Posted on 12/03/2023

Silicon Valley Bank’s joint venture partner in China unaffected by US collapse

Silicon Valley Bank's joint venture in China stressed on Saturday that it is operating normally and in full compliance with Chinese laws and regulations, as the US bank's collapse has caused ripple ... ( read original story ...)

Posted on 12/03/2023

China reshuffles Cabinet, appoints new vice-premiers but keeps central bank chief

China reshuffled its Cabinet on Sunday and appointed new vice-premiers tasked with helping President Xi Jinping and newly-minted Premier Li Qiang steer a slower-growing economy amid increasing global ... ( read original story ...)

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