The Postal Savings Bank of China, one of the country's state-owned banks, saw the outstanding amount of its microloans to small businesses stand at 1 trillion yuan (157.23 billion yuan) on Wednesday, ... ( read original story ...)
UBS, China Life asset management venture plan in limbo as talks stall – sources
A plan by UBS and China Life Insurance Group to set up an asset management joint venture in China faces uncertainty as talks have stalled due to a corruption investigation at the insurer and curbs set ... ( read original story ...)
China Stock Market Due For Profit Taking On Thursday
The China stock market has climbed higher in six straight sessions, accelerating almost 210 points or 6.7 percent along the way. The Shanghai Composite Index now rests just above the 3,270-point ... ( read original story ...)
Lanvin Group’s IPO Puts China’s LVMH on the Map
Lanvin Group announced its New York IPO plan via a partnership with Primavera Capital. But can the Shanghai-based luxury group convince investors? ( read original story ...)
Traders Sleep in Offices to Work Amid Shanghai Lockdowns
As China’s major financial centers confront their worst Covid outbreaks to date, many fund managers are rolling out sleeping bags on trading floors across Shanghai and Shenzhen.Most Read from ... ( read original story ...)
Guangzhou to host fintech projects in government sandbox in race with Beijing, Shanghai
Guangzhou joins major cities in China in pushing the regulated development of fintech, after Beijing rooted out projects it deemed harmful, such as peer-to-peer lending and crypto exchanges. ( read original story ...)
Shanghai’s local asymptomatic COVID-19 cases climb to 5th straight daily record
BEIJING: China's financial hub Shanghai on Tuesday (Mar 22) reported a fifth consecutive daily record for locally transmitted COVID-19 asymptomatic cases as the highly infectious Omicron variant ... ( read original story ...)