Equity markets drop amid central bank speak [Fed’s Powell, ECB]; UST yields and USD extend gains; AU and CN/HK firms continue to report earnings. General tre ... ( read original story ...)
Int’l financial institutions bullish on Chinese market
PFG's footprint in China gives a glimpse into the thriving development of international financial institutions in the country. To attract foreign investors, China scrapped foreign ownership caps for ... ( read original story ...)
Shanghai ‘doubles down’ on efforts to transform Lingang free-trade zone into future boomtown
Last week, 72 manufacturing projects laid the groundwork in Lingang, a sign that Shanghai is pinning hopes on infrastructure construction to revive the local economy Lingang, site of Tesla's ... ( read original story ...)
Shanghai Commercial and Savings Bank Adopts Temenos Platform
Shanghai Commercial & Savings Bank (SCSB), one of the listed banks in Taiwan, has selected Temenos and IBM for improving services. ( read original story ...)
Deutsche Bank appoints new China head of securities services
Based in Shanghai, Li will be responsible for supporting domestic clients in expanding their footprint globally, and international investors’ entry into China ... ( read original story ...)
China’s Bank of Communications’ H1 profit up 4.8%
China's Bank of Communications (BoCom) on Friday reported a 4.8 per cent rise in first-half net profit despite what it referred to as the unprecedented coronavirus pandemic.Profit rose to 44.04 ... ( read original story ...)
China’s Bank of Communications’ first-half profit up 4.8%
China's Bank of Communications on Friday reported a 4.8 per cent rise in first-half net profit as the economy recovered from the COVID-19 pandemic.Profit rose to 44.04 billion yuan ($6.42 billion) for ... ( read original story ...)