China's central bank on Monday cut the borrowing costs of its medium-term loans for the first time since April 2020, defying market expectations, to cushion any economic slowdown. The People's Bank of ... ( read original story ...)
Omicron penetrates China’s political, financial and tech hubs
China has detected locally-transmitted omicron infections in the capital Beijing, the financial center Shanghai, and Guangdong, which together account for one-fifth of the country’s GDP. ( read original story ...)
Bank of Jiangsu profit up 31 pct in 2021
The Bank of Jiangsu saw rising profits in 2021 with a lower bad loan ratio, the bank said in an earnings estimate. Net profit attributable to shareholders for the bank jumped 30.72 percent year on ... ( read original story ...)
Boom in office realty confirms Shanghai’s unstoppable rise
Foreign investors and emerging high-tech industries, it appears, can't have enough of Shanghai, whose charms in the form of business-friendly policies, environment and infrastructure are proving ... ( read original story ...)
Chinese PV Industry Brief: JinkoSolar announces Jiangxi Jinko’s IPO pricing
Jiangxi Jinko plans to issue 2 billion shares at RMB5.00 per share and expects to raise net proceeds of around RMB 10.0 million. Solar manufacturer Solargiga said it expects a 17% revenue growth for ... ( read original story ...)
HSBC investment bank co-head takes 6 months break
An HSBC bank logo is pictured during the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., October 19, 2020. REUTERS/Carlo Allegri ... ( read original story ...)
China central bank issues draft rules to cap banks’ commercial bill financing business
China's central bank published draft rules on Friday to strengthen risk management over the use of commercial bills, and set up caps for banks' commercial bills financing business, according to a ... ( read original story ...)