Shares rose in most Asian markets Monday after Wall Street returned to record heights Friday, while Hong Kong’s benchmark dropped more than 2%, hovering near a 15-month low. Tokyo’s Nikkei 225 index ... ( read original story ...)
China’s central bank keeps benchmark lending rates unchanged in January
China's central bank on Monday kept its loan prime rates (LPRs) for January unchanged from the previous month, with the one-year LPR at 3.45 percent and the five-year LPR at 4.20 percent. Observers ... ( read original story ...)
Shanghai busts TCM scam ring targeting vulnerable hospital patients
Shanghai police have dismantled a criminal group preying on ... The operation netted over 40 suspects and seized millions of yuan in illicit earnings. Led by Dai and two other ringleaders, the group ... ( read original story ...)
China’s stock markets have lost $6.3 trillion since 2021. This year’s not looking better.
China's economy continues struggling to recover post-pandemic and is facing significant headwinds from a property crisis and a demographics crisis. ( read original story ...)
OCBC China appoints Seth Tan new head of corporate banking
Tan will be based in Shanghai and responsible for all banking relationships with state-owned enterprises and large corporations. ( read original story ...)
Shanghai delivery worker’s ‘yuan millionaire’ claim sparks heated debate amid China’s bleak jobs outlook
Claims by a food delivery worker in Shanghai that he made more than 1 million yuan (US$140,343) in three years, a story widely reported by state media and debated on social media, has offered hope to ... ( read original story ...)
BlackRock to sell Shanghai office towers acquired for US$167 million in 2018 for 30 per cent discount, sources say
BlackRock is seeking to sell an office complex in Shanghai at about a 30 per cent discount to its purchase price, people with knowledge of the matter said, reflecting the sluggish commercial property ... ( read original story ...)