Shanghai has significantly improved payment convenience for both elderly and foreign residents, as highlighted by Chen Yong, deputy inspector at Shanghai Head Office of the People's Bank of China, ... ( read original story ...)
The future for China’s banks is in São Paulo, not Shanghai
In a July 15 research note, Deutsche Bank’s chief investment office called the consumption outlook “bleak”. But the outward facing story is very different. Exports rose 8.6% year on year in June, with ... ( read original story ...)
Humanoid robots trained at Shanghai’s bank
Recently, China's first bank lobby manager scene training base for intelligent humanoid robots was launched in Shanghai. The robots participating in the training have a highly bionic torso and ... ( read original story ...)
PwC weighs halving of China financial services audit staff, say sources
PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China, two people with knowledge of the matter said, as a regulatory investigation and an ... ( read original story ...)
China strives to lure foreign tourists, but it’s a hard sell for some
Guilherme Carvalho made his first visit to China this month, and the Italian said one of the main factors behind the trip was the post-pandemic policy to scrap entry permits for some tourists. ( read original story ...)
Xiaohongshu’s New Funding: Return To Old Times Or End Of A Chapter?
Xiaohongshu was valued at $17 billion in a new funding round, with DST Global, Hillhouse, Boyu Capital, and Citic Capital joining as new investors The social e-commerce company’s 2023 revenue surged ... ( read original story ...)
ZEEKR And Geely: China Autos Q2 2024
Zeekr uses Geely platforms and factories, and holds a specific strategic position within the group. Learn why I rate ZK stock a hold. ( read original story ...)