Global investment giant BlackRock (NYSE:BLK) is looking to offload its office towers in Shanghai at a nearly 30% discount to its acquisition ... ( read original story ...)
Stock market today: Asian shares mixed after Wall Street gains, Hong Kong stocks near 15-month low
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 ...)
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 Electric Power extends deadline to acquire K-Electric by 90 days
Shanghai Electric Power Company Limited (SEP) has extended its deadline to acquire 18.3 million ordinary shares i.e. 66.40% of the total issued and paid-up capital of K-Electric Limited (KEL) by 90 ... ( read original story ...)
Exclusive-China Moves to Support Yuan as Stock Markets Tumble – Sources
SHANGHAI/BEIJING (Reuters) - China's major state-owned banks moved to tighten yuan liquidity in the offshore foreign exchange market on Monday, actively selling U.S. dollars onshore, four sources with ... ( read original story ...)