The market mood could be damped further following Friday's sudden collapse of start-up focused lender SVB, which stirred heated discussion over the weekend in China about its fallout. "The SVB failure ... ( read original story ...)
Silicon Valley Bank’s joint venture partner in China unaffected by US collapse
Silicon Valley Bank's joint venture in China stressed on Saturday that it is operating normally and in full compliance with Chinese laws and regulations, as the US bank's collapse has caused ripple ... ( read original story ...)
China reshuffles Cabinet, appoints new vice-premiers but keeps central bank chief
China reshuffled its Cabinet on Sunday and appointed new vice-premiers tasked with helping President Xi Jinping and newly-minted Premier Li Qiang steer a slower-growing economy amid increasing global ... ( read original story ...)
In unexpected move, China retains central bank governor
China has kept its central bank governor and finance minister in their posts in an unexpected move analysts described as a bid to reassure markets and investors as the country focuses on fighting ... ( read original story ...)
WRAPUP 1-China chooses continuity, retaining central bank chief, finance minister
The former Shanghai Communist Party boss takes a role charged with ... chief economist at Pinpoint Asset Management. The U.S.-educated central bank chief Yi, appointed PBOC governor in 2018, had ... ( read original story ...)
Silicon Valley Bank’s China joint venture says operations stable and independent amid US parent’s collapse
The China joint venture of Silicon Valley Bank (SVB) said its operations have been independent and stable, seeking to calm local clients amid its US parent's collapse. "SPD Silicon Valley Bank Co has ... ( read original story ...)
Silicon Valley Bank’s China venture says operations ‘sound’
SPD Silicon Valley Bank (SSVB) is a 50-50 joint venture between Chinese state-owned Shanghai Pudong Development Bank and SVB Financial, which was shut down by the U.S. financial regulator on Friday ... ( read original story ...)