China's economy continues struggling to recover post-pandemic and is facing significant headwinds from a property crisis and a demographics crisis. ( read original story ...)
OCBC China appoints Seth Tan new head of corporate banking
Tan will be based in Shanghai and responsible for all banking relationships with state-owned enterprises and large corporations. ( read original story ...)
Shanghai delivery worker’s ‘yuan millionaire’ claim sparks heated debate amid China’s bleak jobs outlook
Claims by a food delivery worker in Shanghai that he made more than 1 million yuan (US$140,343) in three years, a story widely reported by state media and debated on social media, has offered hope to ... ( read original story ...)
BlackRock to sell Shanghai office towers acquired for US$167 million in 2018 for 30 per cent discount, sources say
BlackRock is seeking to sell an office complex in Shanghai at about a 30 per cent discount to its purchase price, people with knowledge of the matter said, reflecting the sluggish commercial property ... ( read original story ...)
Shanghai Electric Power extends deadline to acquire K-Electric by 90 days
Shanghai Electric Power Company Limited (SEP) has extended its deadline to acquire 18.3 million ordinary shares i.e. 66.40% of the total issued and paid-up capital of K-Electric Limited (KEL) by 90 ... ( read original story ...)
Exclusive-China Moves to Support Yuan as Stock Markets Tumble – Sources
SHANGHAI/BEIJING (Reuters) - China's major state-owned banks moved to tighten yuan liquidity in the offshore foreign exchange market on Monday, actively selling U.S. dollars onshore, four sources with ... ( read original story ...)
Stock market today: Asian shares follow Wall Street gains, Hong Kong stocks near 15-month low
Shares rose in most Asian markets Monday after Wall Street returned to record heights Friday, while Hong Kong’s benchmark dropped more than 2%, hovering near a 15-month low ... ( read original story ...)