The United States has granted permission to the largest bank in the United Kingdom, HSBC, to sell its business in Russia, according to the notice published on the website of the Office of Foreign ... ( read original story ...)
China’s government bond funds flourish ahead of new bank capital rules
SHANGHAI, Dec 22 (Reuters ... GF ChinaBond 0-2 Year Policy Bank Bond Index Fund and Bosera JinYuan Bond Fund raised nearly 8 billion yuan each, among the largest bond funds launched this year. The ... ( read original story ...)
Stock market today: Asian shares are mixed after a rebound on Wall Street
Shares are mixed in Asia after several strong profit reports helped Wall Street claw back most of its sharp losses from day before ... ( read original story ...)
Shanghai Stock Exchange Ponders Setting Up ‘Green Channel’ for Merging, Acquiring, Restructuring of Scientific Firms
(Yicai) Dec. 22 -- The Shanghai Stock Exchange is considering establishing and refining fast-track lines for listed companies to merge, acquire, and restructure listed scientific and technological ... ( read original story ...)
China’s Huawei could announce IPO in 2024: Report
Chinese investors could play a crucial role in propelling Huawei’s growth, similar to the success story of SMIC, a chipmaker delisted from the US but thriving after a Shanghai IPO. By raising capital ... ( read original story ...)
Shanghai performs the world’s first cross-border settlement using the digital yuan
The Bank of China’s Shanghai branch has successfully executed a 100-million-yuan ($14 million) payment using its central bank digital currency (CBDC), e-CNY. Local sources indicate the overseas ... ( read original story ...)
China digital currency: Bank of China completes cross-border settlement for precious metals trading using e-CNY
China has been expanding the use of its sovereign digital currency in cross-border businesses, with the Bank of China completing the first cross-border settlement for precious metals trading. ( read original story ...)