BEIJING/SHANGHAI (Reuters) -Five of China's largest banks showed wounds from the ongoing property sector crisis, with bad debts linked to real estate surging in the first half of the year, even as ... ( read original story ...)
Shanghai unveils AI development master plan as power crisis, new Covid-19 curbs threaten to derail city’s economic recovery
The city's draft AI plan outlines various measures, including financial support, to help drive the industry's development Pudong New District, located east of the Huangpu River, is expected to be the ... ( read original story ...)
China issues draft rules to regulate financial holding companies’ related transactions
China's central bank issued draft rules on Tuesday to regulate related transactions of financial holding companies. Such transactions must conform to rational commercial principles, be backed by ... ( read original story ...)
Xinhua Silk Road: Shanghai Y50 Forum creates fertile ground for innovation and entrepreneurship
Themed on "Fresh Opportunities for City, Novel Future for Youth", the third Shanghai Y50 Forum for Innovation and Entrepreneurship was held ... ( read original story ...)
Pre-expo supply-demand matchmaking meeting of CIIE held in Shanghai
A staff member (3rd L, front) speaks to a purchasing agent during a pre-expo supply-demand matchmaking meeting for the Food and Agricultural Products and Medical Equipment and Healthcare Products ... ( read original story ...)
China’s ICBC says frozen property projects involve 637 million yuan of sour mortgage loans
BEIJING/SHANGHAI : Industrial and Commercial Bank of China Ltd (ICBC) said on Tuesday frozen property projects involved 637 million yuan of non-performing mortgage loans at the end of June. The ... ( read original story ...)
China doles out bank scandal refunds after hundreds of arrests
Chinese authorities on Tuesday scrambled to dole out refunds to depositors caught in a rural banking scam that has led to more than 200 arrests and triggered concerns about the country's small lenders ... ( read original story ...)