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Posted on 16/07/2024

PwC Layoffs: Firm Considering Firing Half Of Financial Services Auditing Staff In China, Says Report

PwC is contemplating reducing its financial services auditing workforce in China by as much as half, according to a Reuters’ report citing sources. This move comes amid a regulatory inquiry and a ... ( read original story ...)

Posted on 16/07/2024

PwC considers halving China financial services audit staff: Report

The move follows Chinese regulators' scrutiny of PwC this year for its role as the auditor of troubled property giant China Evergrande Group, which, in turn, triggered the exit of some clients ... ( read original story ...)

Posted on 16/07/2024

Saudi ETFs make winning China debut as financial ties with Middle East strengthen

The two feeder funds rose 7.1 per cent and 5.6 per cent in Shenzhen and Shanghai, respectively, after raising a combined US$170 million. ( read original story ...)

Posted on 16/07/2024

Two ETFs Focused on Saudi Stocks Debut in Shanghai, Shenzhen

(Bloomberg) — Two exchange-traded funds focused on Saudi Arabian stocks debuting today in Shanghai and Shenzhen will give Chinese ... more attention to Saudi Arabia looking at the energy and financial ... ( read original story ...)

Posted on 16/07/2024

Shanghai Aohua Photoelectricity Endoscope And 2 Other Growth Companies With Strong Insider Ties In China

Amidst a backdrop of fluctuating global markets, Chinese stocks have shown resilience, buoyed by strong export figures and strategic economic policies. In this environment, companies like Shanghai ... ( read original story ...)

Posted on 16/07/2024

Stock market today: Asian shares are mixed as China reports its growth slowed in April-June

Leaders of China's ruling Communist Party began a four-day meeting in Beijing to set economic strategy for the coming decade as investors watched for signs of measures to help revive the slumping property market ... The Shanghai Composite slipped less ... ( read original story ...)

Posted on 16/07/2024

China central bank seen holding medium-term lending rate steady Monday

SHANGHAI/SINGAPORE (Reuters) -China's central bank is widely expected to leave a medium-term interest rate unchanged and drain some cash from the banking system when rolling over such maturing loans ... ( read original story ...)

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