Credit Suisse has scrapped plans to set up a locally incorporated bank in China to avoid a potential regulatory conflict arising from its merger with UBS, said two sources with direct knowledge of the ... ( read original story ...)
Top level financial forum to open in Shanghai next week
Shanghai continues to lead the way in terms of financial opening up and has been offering targeted measures to support economic development, a top official told a press briefing in Shanghai on ... ( read original story ...)
CEO of America’s biggest bank says US, China need ‘real engagement’ to resolve issues
Let’s not try to decouple. Let’s not try to hurt China, the Chinese people,” he said. Read more at straitstimes.com. ( read original story ...)
Stock market today: Global shares mixed as investors await debt ceiling vote, eye China economy
Wall Street pointed mostly higher early Tuesday after President Joe Biden and House Speaker Kevin McCarthy reached an agreement on a deal to raise the U.S. national debt ceiling. Futures for the Dow ... ( read original story ...)
Exclusive: Credit Suisse axes China bank plan to avoid regulatory conflict under UBS
Credit Suisse has scrapped plans to set up a locally incorporated bank in China to sidestep a potential regulatory conflict arising from its merger with UBS , said two sources with direct knowledge of ... ( read original story ...)
Exclusive-Credit Suisse Aborts China Bank Plan to Avoid Regulatory Conflict Under UBS-Sources
Credit Suisse had been planning over the last few years to set up a wholly owned local bank in China that would have boosted its presence in the country by allowing it to set up its own branch network ... ( read original story ...)
How to use foreign bank cards for digital payment in China
Payments in China are now done mostly online and through apps, which has made life easier. Even before coming to China, international travelers can use their foreign mobile number to register in ... ( read original story ...)