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Tag: banking

Posted on 08/04/2024

Banking bottleneck causing six-month delays for Russia-China payments: sources

AS THE threat of secondary sanctions deters Chinese banks from facilitating trade with Russia, companies are flocking to the one Russian ... ( read original story ...)

Posted on 08/04/2024

Chinese State Bank Asks Court to Liquidate Developer Shimao

Defaulted Chinese developer Shimao Group Holdings Ltd. is facing a demand to liquidate from creditor China Construction Bank (Asia) Corp., one of the most prominent examples yet of a state-backed bank ... ( read original story ...)

Posted on 07/04/2024

Shanghai woman sentenced for ‘professional salary fraud’ scheme

The Pudong New Area People's Court in Shanghai found Tao guilty of fraud. The court determined her actions constituted illegal possession due to the fabricated documents and concealment of truth, ... ( read original story ...)

Posted on 04/04/2024

Exclusive-Banking bottleneck causing six-month delays for Russia-China payments, sources say

As the threat of secondary sanctions deters Chinese banks from facilitating trade with Russia, companies are flocking to the one Russian bank with a Chinese branch and facing up to six months of ... ( read original story ...)

Posted on 04/04/2024

Beijing nudged Syngenta to withdraw 65 billion yuan Shanghai IPO on market weakness: sources

Syngenta filed to list on the main board of the Shanghai Stock Exchange last May seeking to raise ... for three years and with deflation at levels not seen since the global financial crisis of 2008 to ... ( read original story ...)

Posted on 03/04/2024

China’s internet giants snap up their own shares to boost flagging stock market value

Chinese internet giants are buying back their shares at a record pace, as they try to boost their market value in the midst of a historic stock rout in the world’s second largest economy. ( read original story ...)

Posted on 03/04/2024

Hong Kong stocks slip as property and banking shares drop after US data dims rate cut view

The Tech Index lost 1.3 per cent, while the Shanghai Composite Index declined 0.3 per cent. Shares of banks and property companies, which are sensitive to interest rate changes were the major ... ( read original story ...)

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