Bank of China (BoC), the country's fourth-largest bank by assets, reported a 12.5per cent rise in net profit for the fourth quarter of 2021 to 53.0 billion yuan ($8.32 billion). That compares with 47. ( read original story ...)
Shanghai ensures stable financial operations amid Pudong’s close-off
The spread of COVID-19 cases in Shanghai has forced the city to lock down its Pudong District – home to over 6,000 financial institutions – for four days from Monday to conduct nucleic acid testing. ( read original story ...)
Shanghai offers 140-billion yuan lifeline in tax rebates, rent exemptions and financial subsidies to help businesses survive city’s phased lockdown
Shanghai municipal government is offering a package of incentives, rebates and exemptions to help businesses survive the city's phased lockdown to contain the worst Covid-19 outbreak in mainland China ... ( read original story ...)
In China’s Wall Street, bankers and traders sleep in offices to beat Shanghai COVID lockdown
More than 20,000 bankers, traders and other workers are bedding down in office towers in Shanghai's Lujiazui district as they bid to keep China's giant financial hub ticking over through a COVID-19 ... ( read original story ...)
Omicron: Shanghai lockdown needed to stop ‘serious’ community spread, experts say
Chinese financial hub Shanghai started a two-stage Covid-19 lockdown and mass testing on Monday, moving away from a strategy of targeted controls. Virus experts say the lockdown – the city’s biggest – ... ( read original story ...)
GLOBAL MARKETS-Asian shares gain as BOJ defends ultra-easy stance, oil eases on Shanghai lockdown
Japanese shares led gains in Asian stocks on Tuesday as the Bank of Japan defended its ultra-easy stance, while oil slid on fears of lower demand from China as Shanghai applied a "zero-COVID" strategy ... ( read original story ...)
Additional Support Called For China Stock Market
The China stock market on Monday snapped the two-day losing streak in which it had fallen almost 60 points or 1.8 percent. The Shanghai Composite Index now rests just beneath the 3,215-point plateau ... ( read original story ...)