Chinese regulators imposed more than $1 billion in fines on tech giants Ant Group Co. and Tencent Holdings Ltd., signalling an end to a crackdown on the sector that had wiped out billions in market ... ( read original story ...)
Stock market today: Asian shares fall as strong US data dash hopes for an end to rate hikes
Asian shares have slipped after another decline on Wall Street, where hopes for an end to interest rate hikes have been dashed by strong economic data ... ( read original story ...)
Communist Party mouthpiece takes issue with Goldman Sachs report calling a ‘sell’ on some major Chinese bank stocks
The Securities Times, owned by the People’s Daily, pushed back against a report by Goldman Sachs that prompted a sell-off of some of the nation’s major state-backed banks. ( read original story ...)
Interview: New Development Bank to deepen local currency, climate financing, says VP
Since its establishment eight years ago, the Shanghai-based New Development Bank (NDB) has gone through "an incredible journey" and will continue to deepen local currency and climate financing, said ... ( read original story ...)
Savers in China trek hundreds of miles for higher bank deposit rates
Dan Chenmade a 270 km return train trip from Shenzhen to neighbouring Guangzhou to deposit one million yuan (S$186,700). Read more at straitstimes.com. ( read original story ...)
China Stock Market May Extend Thursday’s Losses
The China stock market has moved lower in two straight sessions, declining almost 40 points or 1.3 percent along the way. The ... ( read original story ...)
1,320MW Shanghai Thar Coal Block-1: Financial closure in peril as ICBC decides to withdraw $300m financing
ISLAMABAD: The financial closure of 1,320 MW Shanghai Thar Coal Block-1 is reportedly in trouble as Industrial ... ( read original story ...)