Chinese authorities seek to reassure companies and jittery investors as a two-phase lockdown of city casts an unusual quiet over major finance hub. ( read original story ...)
In China’s Wall Street, bankers and traders sleep in offices to beat Shanghai COVID-19 lockdown
SHANGHAI: More than 20,000 bankers, traders and other workers are bedding down in office towers in Shanghai's Lujiazui district as they bid to keep China's giant financial hub ticking over through a ... ( read original story ...)
Bank of China Q4 profit rises 12.5per cent
Bank of China (BoC), the country's fourth-largest bank by assets, reported a 12.5per cent rise in net profit for the fourth quarter of 2021 to 53.0 billion yuan ($8.32 billion). That compares with 47. ( read original story ...)
Shanghai ensures stable financial operations amid Pudong’s close-off
The spread of COVID-19 cases in Shanghai has forced the city to lock down its Pudong District – home to over 6,000 financial institutions – for four days from Monday to conduct nucleic acid testing. ( read original story ...)
Shanghai offers 140-billion yuan lifeline in tax rebates, rent exemptions and financial subsidies to help businesses survive city’s phased lockdown
Shanghai municipal government is offering a package of incentives, rebates and exemptions to help businesses survive the city's phased lockdown to contain the worst Covid-19 outbreak in mainland China ... ( read original story ...)
In China’s Wall Street, bankers and traders sleep in offices to beat Shanghai COVID lockdown
More than 20,000 bankers, traders and other workers are bedding down in office towers in Shanghai's Lujiazui district as they bid to keep China's giant financial hub ticking over through a COVID-19 ... ( read original story ...)
Omicron: Shanghai lockdown needed to stop ‘serious’ community spread, experts say
Chinese financial hub Shanghai started a two-stage Covid-19 lockdown and mass testing on Monday, moving away from a strategy of targeted controls. Virus experts say the lockdown – the city’s biggest – ... ( read original story ...)