The Pennsylvania-based money manager has reportedly informed Chinese authorities of its plans to shutter its Shanghai unit. ( read original story ...)
Vanguard plans to shutter business in China after a retreat two years ago
Vanguard said its Shanghai unit and the joint venture are operating normally. Ant and the JV representatives said the same. All three declined to comment further. ( read original story ...)
Vanguard Plans to Shutter Business in China, Exit Ant JV
Vanguard Group Inc., the US asset management giant, has decided to shutter its remaining business in China after a retreat two years ago, according to people familiar with the matter, abandoning a 27 ... ( read original story ...)
China’s New Premier Shows Pro-Business Side And Vows To Support Private Economy
China’s new Premier Li Qiang used his first press conference to pledge support for private businesses, after a yearlong crackdown on the real estate, education and tech sectors pummeled investor ... ( read original story ...)
China’s new premier woos business as Xi doubles down on security
China’s new premier has insisted the country is open for business despite crackdowns on private enterprise, even as Chinese leader Xi Jinping doubled down on security as the “bedrock of development”. ( read original story ...)
Close Xi ally and architect of Shanghai lockdown becomes China’s No 2
A former Communist Party leader of Shanghai known for implementing a brutal Covid lockdown in the business hub was officially designated China's new premier on Saturday. © Pool / ... ( read original story ...)
SVB’s China Partner Urges Calm, Says Business Not Affected
Shanghai Pudong Development Bank Co. said its joint venture in China with Silicon Valley Bank isn’t affected by the turmoil surrounding the US lender, and urged clients to stay calm. ( read original story ...)