The Moscow branch of a Chinese state bank has seen a surge in enquiries from Russian firms wanting to open new accounts, a person familiar with the matter said, as the country's businesses struggle ... ( read original story ...)
China’s central bank expects to reduce number of high-risk banks to under 200 by 2025
China's central bank said on Thursday that it expects to reduce the number of high-risk banks to under 200 by 2025, as the country makes efforts to defuse financial risks and seek stability. The numbe ... ( read original story ...)
Bilibili Inc. Announces 2021 Fourth Quarter and Fiscal Year Financial Results
Bilibili Inc. (“Bilibili” or the“Company”) (NASDAQ: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced its unaudited financial results ... ( read original story ...)
Renewed Support Predicted For China Stock Market
The China stock market on Wednesday halted the three-day winning streak in which it had gained more than 60 points or 1.8 percent. The Shanghai Composite Index now rests just beneath the 3,485-point ... ( read original story ...)
Russian Central Bank, Sovereign Fund May Hold $140 Billion in Chinese Bonds – ANZ
Russia's central bank and sovereign wealth fund may account for nearly a quarter of foreign holdings of Chinese bonds, analysts at ANZ Research calculated, potentially offering shelter from Western ... ( read original story ...)
China urges central SOEs to improve financial management
China's centrally-administered state-owned enterprises (SOEs) should improve their financial management, according to an official guideline released Wednesday. Most central SOEs should establish world ... ( read original story ...)
How China’s US$12.3 trillion stock market is insulated from Russia-Ukraine conflict while Hang Seng hits two-year low
Only two companies among 4,400 - Great Wall Motor and Dezhou United Petroleum - have sizeable revenue linked to the conflict region Shares of Great Wall have fallen 6.4 per cent in Shanghai since the ... ( read original story ...)