China Merchants Bank Co. said its President Tian Huiyu is stepping down after spending nearly nine years building the lender into the nation’s king of retail banking.Most Read from BloombergUkraine ... ( read original story ...)
Traders sleep by their desks as China’s financial hub locks down
Much of Pudong "is doing it," the source added, referring to Shanghai's financial district, which is home to more than 1,000 financial institutions, and China's leading stock exchange — which is ... ( read original story ...)
Shanghai reports first deaths in current COVID-19 outbreak
Shanghai began easing restrictions last week ... pledged increased spending to stabilize supply chains and provide financial support for health workers and others on the pandemic front lines. ( read original story ...)
Shanghai reports first Covid deaths since March lockdown started
Shanghai reported its first three Covid-19 deaths since the business hub started a rigid lockdown on March 28 in a bid to curb its worst outbreak since the pandemic began. Health authorities said the ... ( read original story ...)
China Merchants Bank suffers US$11 billion sell-off on news report top executive is assisting unspecified probe
China’s third-largest lender fell by the most since August 2015 amid a local media report that a top executive is assisting with an unspecified government probe. ( read original story ...)
Shanghai reports Covid-19 deaths for first time during current outbreak
The Chinese financial hub of Shanghai said three people infected with Covid-19 died on Sunday (April 17), the first time during the current outbreak that it reported deaths among coronavirus patients. ( read original story ...)
Shanghai signals to resume some economic activities, acknowledges COVID-linked deaths
China has signaled to resume some economic activities in its commercial and financial capital Shanghai which has been in citywide lockdown for the past three weeks in varying degrees. On Monday, ... ( read original story ...)