HSBC led the London market lower on Wednesday after a $3 billion hit to its operations in China saw the banking giant’s quarterly profits dive 80%. ( read original story ...)
Investment in focus for Shanghai this year
Shanghai held more than 50 investment promotion activities in overseas markets last year. The city attracted 6,017 newly registered foreign-invested companies, up 38.3 percent year-on-year, added Zhu. ( read original story ...)
Director who documented anti-regime protests in Shanghai arrested
Beijing (AsiaNews) – The director who produced a documentary on white paper protests in Shanghai was arrested on 5 January for “provoking trouble" and taken to the Prosecutor's Office last Sunday. ( read original story ...)
China’s new financial regulator pledges transparency to bring investors back from the brink
The Central Financial Commission has vowed to keep policies in line with international rules and avoid jarring turns in regulation in an attempt to reverse or mitigate 2023’s precipitous drops in ... ( read original story ...)
EXCLUSIVE: Balenciaga Will Reveal Spring Collections in Shanghai
Balenciaga ’s last destination resort show was held in May 2022 at the New York Stock Exchange, and last December, Demna selected Hollywood to unveil Balenciaga’s pre-fall collection, alongside buzzy ... ( read original story ...)
HSBC suffers $3bn hit to China operations amid property crisis
HSBC suffered a sharp slide in quarterly profits in the final three months of 2023 as the bank suffered a $3bn (£2.4bn) hit to its China division. The ongoing crisis in the Chinese property market ... ( read original story ...)
‘Deeply sorry’: China hedge fund apologises after trading ban for ‘market disruption’ in first punishment since Beijing’s vow to stem stock rout
Lingjun Investment was banned from trading for three days after its transactions on Monday caused rapid declines in benchmark indices The penalty is the first known case since China installed Wu Qing ... ( read original story ...)