(MENAFN) On Friday, the leading Asian financial markets closed with many ... to settle at 25,985.5 points by the end of the session. The Shanghai Stock Exchange in China fell by 0.96 percent ... ( read original story ...)
China aims to boost big-bank loans to small business over 40% in 2022
China aims to boost lending to small businesses from large commercial banks by over 40% this year, Premier Li Keqiang told the annual meeting of parliament on Saturday. ( read original story ...)
PwC says IPOs in mainland, HK active
Technology, media and telecommunications firms on the Chinese mainland remained active in the domestic capital market in the second half of last year, a report from global accounting firm PwC stated. ( read original story ...)
New Development Bank says it has put new transactions in Russia on hold
The New Development Bank (NDB) established by the BRICS group of emerging nations said it has put new transactions in Russia on hold. “In light of unfolding uncertainties and restrictions, NDB has put ... ( read original story ...)
25 Stunning Photos from Instagrammer of Shanghai @yeshinobi
Hashtag your photos #thatsshanghai for a chance to be regrammed by us, and maybe even be featured in this series. ( read original story ...)
Major banks pledging net zero are pouring money into the dirtiest fossil fuel
ShanghaiFinancial institutions channeled more than $1.5 trillion into the coal industry in loans and underwriting from January 2019 to November 2021, even though many have made net-zero pledges, a ... ( read original story ...)
Russian firms rush to open Chinese bank accounts as sanctions bite
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 ...)