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Tag: banking

Posted on 27/04/2022

Shanghai’s Lockdown Missteps Undermine Financial Hub Ambitions

An eerie silence hangs over Shanghai’s financial district weeks into a draconian lockdown of the city. The streets of Lujiazui have been emptied of the 300,000 professionals who flood in on a typical ... ( read original story ...)

Posted on 27/04/2022

Commentary: Zero-COVID spells trouble for Shanghai’s financial centre ambitions

China's COVID-19 lockdowns and quarantines, after a wave of regulatory reforms and geopolitical brinkmanship, may be incompatible with Beijing's ambitions to turn Shanghai into an international ... ( read original story ...)

Posted on 27/04/2022

Stock Market Today: Dow Jones, S&P 500 Fall As China Covid Woes Persist; UPS In Focus On Earnings Beat

On Tuesday, the Dow Jones Industrial Average is down by over 230 points as investors continue the April sell-off. This comes as concerns about the global economic growth took center stage. With Covid ... ( read original story ...)

Posted on 26/04/2022

Stock Markets In China And Hong Kong Dive, Yuan Slides, Crude Oil Drops On Confidence Crisis In China

The Shanghai Composite and Hang Seng fall to where they'd first been in 2007 during the run-up of the bubble. Click here to know ... ( read original story ...)

Posted on 26/04/2022

Shanghai financial groups urge institutions to stabilise markets

Three financial industry associations in Shanghai on Tuesday urged financial institutions and employees to stabilise markets and provide financing to industries hit by COVID-19, as China's financial ... ( read original story ...)

Posted on 26/04/2022

Fed up With COVID Lockdown, Bankers, Fund Managers Looking to Leave Shanghai

Finance sector professionals in Shanghai are preparing to move back to Hong Kong and other offshore centres after spending only a few years in the Chinese city as a harsh COVID-19 lockdown has hurt ... ( read original story ...)

Posted on 26/04/2022

Beijing to test 20 mln for COVID as Shanghai lockdown misery looms large

Three-quarters of Beijing's 22 million people began lining up for COVID-19 tests on Tuesday as authorities in the Chinese capital raced to stamp out an outbreak and avert the kind of city-wide ... ( read original story ...)

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