Shanghai’s Covid cases jumped more than 60% in a single day, topping 1,600 on Friday, even as authorities escalated restrictions that many feared would plunge the Chinese financial hub into city-wide ... ( read original story ...)
Shanghai Financial Staff Keep Vital Services Going Amid Pandemic
As the number of Covid-19 cases has surged in Shanghai this spring, the city’s financial industry has been under pressure to find ways to maintain normal operation and keep its vital services going. ( read original story ...)
Postal Savings Bank of China reports 1 trln yuan of outstanding microloans
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 ...)