A bench of Justices Bela Trivedi and Satish Chandra Sharma heard the petitions from banks like Standard Chartered Banks, American Express, Citibank, Hong Kong and Shanghai Banking Corporation (HSBC) ... ( read original story ...)
‘Four giants:’ architectural feats that created Shanghai’s famous skyline
Shanghai’s skyline is dominated by towering skyscrapers known as the “four giants” in the Lujiazui financial center of the Pudong New Area. ( read original story ...)
People’s Bank of China keeps key lending rates steady for second straight month, as expected
People's Bank of China kept its key lending rates steady for the second straight month during its December fixing, as widely expected. The one-year loan prime rate (LPR), the benchmark for most ... ( read original story ...)
Supreme Court overrules consumer forum’s 30% interest rate cap on late credit card payments
In 2008 the National Consumer Disputes Redressal Commission had ruled that charging rates in excess of 30% per annum for late payments constituted an unfair trade practice. The Supreme Court stayed ... ( read original story ...)
UK finance minister to revive regular economic talks with China in January trip, sources says
Britain's finance minister Rachel Reeves will visit China on a two-day trip in January to revive high-level economic and financial talks that have been frozen since 2019, three people with knowledge ... ( read original story ...)
China c.bank urges financial institutions to guard against rate risks in bond market
SHANGHAI: China's central bank on Wednesday urged financial institutions to guard against interest rate risks when trading in bonds, signalling discomfort among policymakers over recent frenzied ... ( read original story ...)
Chinese fintech giant Ant denies imminent restart of IPO process
Ant Group, the fintech affiliate of Alibaba Group Holding, said it had no immediate plans to revive its initial public offering (IPO), dispelling market speculation it would soon go public. The ... ( read original story ...)