The balance of loans in Chinese yuan reached 9.29 trillion yuan at the end of June, up 11 percent year-on-year, according to t Shanghai Head Office. The balance of foreign currency loans stood at $112 ... ( read original story ...)
China’s Henan bank scandal not just a financial crisis, it may be a lasting political calamity: analysts
China's central government must find ways to promptly repay the depositors or risk the effects of damaged public confidence, say scholars Depositors' lost US$6 billion is reminder to authorities that ... ( read original story ...)
Shanghai Records New Wave of Covid Cases as BA.5 Subvariant Spreads
Shanghai is battling a new Covid-19 outbreak as the financial hub records more than 430 cases in all 16 districts over the past 10 days, including infections from the more transmissible omicron BA.5 ... ( read original story ...)
Shanghai Aims To Achieve $446 Bln Digital Economy Through Web 3
The Shanghai Municipal Folks’s Authorities laid down its 14th five-year plan for the event of Shanghai’s digital financial system. Shanghai is taken into account the monetary capital of China. The ... ( read original story ...)
Shanghai Sweats Over Small, But Stubborn COVID Outbreak Already Hampering Economy
Anxiety levels rose along with temperatures in Shanghai on Wednesday, as medical workers sweated beneath their hazmat suits while administering compulsory mass testing for COVID-19 in a city that ... ( read original story ...)
Bank customers in China face harassment and job loss over protests
Customers whose deposits have been frozen say they have been pressured by police, Communist Party officials and their employers to stop speaking out. ( read original story ...)
China’s Henan bank customers face harassment, job loss over protests
A woman who was injured on Sunday when a protest by roughly 1,000 bank customers in central China was violently broken up by security personnel said she continues to face harassment.Still bearing ... ( read original story ...)