Shanghai is tightening COVID-19 control measures amid a growing number of new cases each day. The city implemented more mass testing from Thursday to Friday, including in the major financial district ... ( read original story ...)
Shanghai Nurse’s Death Fuels Skepticism Over Cost of China’s Covid-19 Measures
The death of a Shanghai nurse from asthma after she was turned away from her own hospital because the emergency room was closed for disinfection has roiled residents, highlighting the pressure on ... ( read original story ...)
China’s Bank of Communications Boss Warns of Tough Year Ahead
The president of China's Bank of Communications Co Ltd (BoCom), on Friday warned it will be difficult for the lender to deliver satisfactory earnings this year. "This year has been the most complex ... ( read original story ...)
Shanghai’s Covid Cases Hit a Record 1,600 Amid Stricter Lockdown
Shanghai’s Covid cases jumped more than 60% in a single day, topping 1,600 on Friday, even as authorities escalated restrictions that many feared would plunge the Chinese financial hub into city-wide ... ( read original story ...)
Shanghai Financial Staff Keep Vital Services Going Amid Pandemic
As the number of Covid-19 cases has surged in Shanghai this spring, the city’s financial industry has been under pressure to find ways to maintain normal operation and keep its vital services going. ( read original story ...)
Postal Savings Bank of China reports 1 trln yuan of outstanding microloans
The Postal Savings Bank of China, one of the country's state-owned banks, saw the outstanding amount of its microloans to small businesses stand at 1 trillion yuan (157.23 billion yuan) on Wednesday, ... ( read original story ...)
UBS, China Life asset management venture plan in limbo as talks stall – sources
A plan by UBS and China Life Insurance Group to set up an asset management joint venture in China faces uncertainty as talks have stalled due to a corruption investigation at the insurer and curbs set ... ( read original story ...)