The Bank of Communications has accused Chinese oil trader Sinopec, the world’s second-biggest company by revenue, of fraud in a legal row over four letters of credit (LCs) extended in 2019. Police in ... ( read original story ...)
Shanghai speed in handling of epidemic flare-up a hint of China’s system
On October 31, the Shanghai Disney Resort suddenly shut down after a confirmed COVID-19 case was found to have visited there one day earlier. This news was quickly reported by media globally. Here ... ( read original story ...)
China Stock Market May Find Traction On Wednesday
The China stock market has moved lower in back-to-back trading days, sinking more than 40 points or 1.2 percent along the way. The Shanghai Composite Index now rests just above the 3,500-point plateau ... ( read original story ...)
Fitch Upgrades China Merchants Bank’s IDR to ‘A-‘; Outlook Stable
Fitch Ratings has upgraded China Merchants Banks Co., Ltd.'s (CMB) Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'A-' from 'BBB+'. The Outlook is Stable. The Support Rating (SR) has been ... ( read original story ...)
Fitch Rates USD Notes Under Bank of China’s Amipeace Limited Final ‘A’
Fitch Ratings has assigned a final rating of 'A' to the senior unsecured notes issued under Amipeace Limited's HKD20 billion medium-term note (MTN) programme. Amipeace Limited is a special purpose ... ( read original story ...)
Shanghai upgrades services for a successful CIIE
Shanghai is going all out to hold another successful China International Import Expo (CIIE), from ensuring solid efforts in pandemic prevention and control, and constantly refining its service ... ( read original story ...)
World’s financial institutions must weigh risk of expanding in China
Financial institutions from across the globe are competing to expand in mainland China, eager to tap a massive economy that they regard as essential to their growth. Their zeal contrasts sharply with ... ( read original story ...)