NEW YORK, NY / ACCESSWIRE / October 27, 2023 / Shanghai has instilled confidence in its business environment among foreign companies, according to executives attending the 35th International Business ... ( read original story ...)
As China’s Stock Market Steadies, Risks Around ‘Snowball’ Derivatives Recede
Snowball is a distinct and popular Chinese market derivative that offers bond-like coupons to investors as long as the underlying assets in the product trade within a specified range. ( read original story ...)
Chinese Millionaire Withdrew Rs 6 Crore, Asked Bank To Count It Manually
The man, who goes by username 'Sunwear', wrote on Weibo that he withdrew about five million renminbi ($783,000 at the 2021 exchange rate) from the Bank of Shanghai branch after receiving the "worst ... ( read original story ...)
‘Petty’ millionaire withdrew entire savings and ordered bank to count the money after argument
The Chinese man - known only as 'Sunwear' - withdrew more than £500,000 from the bank after receiving what he deemed to be bad service ... ( read original story ...)
Top China bank ICBC posts flat Q3 profit
Industrial and Commercial Bank of China Ltd (ICBC), China's largest commercial lender by assets, on Friday said net profit grew 0.03 per cent year-on-year in the third quarter.Profit was 94.93 billion ... ( read original story ...)
Banking: the real China opportunity
Global banks spent years trying to make China’s vast market work for them, mostly in vain. Today, though, China’s manufacturers are investing in Europe and the US and turning to Western lenders for ... ( read original story ...)
Shanghai opens data economy industrial park in pilot free-trade zone Lingang amid China’s AI push
The International Data Economy Industrial Park aims to draw more than 100 leading data firms with a combined output of over 100 billion yuan by 2025 The park will serve as a stress test for China's ... ( read original story ...)