HONG KONG, May 20, 2025--(BUSINESS WIRE)--Wolters Kluwer Financial & Corporate Compliance today announces that Shanghai Commercial Bank (SCB) has implemented a comprehensive regulatory reporting ... ( read original story ...)
Throwing Money at LLMs Doesn’t Guarantee Success, Chinese Banks Learn
Zhao Liming, director of the Digital Finance Center at Kunming-based Fudian Bank, echoed this view. He suggested that small- and mid-sized banks leverage local data and internal resources to fine-tune ... ( read original story ...)
New US Tax Bill Will ‘Stabilise Things’ but Increase Deficit, JPMorgan’s Dimon Says
The new bill is estimated to add $3.8 trillion to the U.S. government's $36.2 trillion in debt over the next decade. Credit rating firm Moody's last week stripped the U.S. government of its top-tier ... ( read original story ...)
China lowers deposit rate ceilings to protect bank interest margins, sources say
China has lowered the ceilings on deposit rates, three banking sources with direct knowledge of the guidance said on Friday, as authorities seek to protect banks' profit margins and discourage savings ... ( read original story ...)
Jiangsu Hengrui Surges 37% in Hong Kong Debut After $1.27B IPO
Jiangsu Hengrui Pharmaceuticals Co (HK:1276) made a powerful entrance on the Hong Kong Stock Exchange on Friday, with shares soaring over 37% in early trading after a $1.27 billion IPO. The offering ... ( read original story ...)
SHFE to roll out new futures products
Shanghai Futures Exchange will speed up the rollout of new futures products for casting aluminum alloy, liquefied natural gas, offset paper and corrugated paper as part of its efforts to better serve ... ( read original story ...)
The Chinese Billionaire Behind 2025’s Largest IPO, Tesla Battery Maker CATL
Robin Zeng’s high-stakes bets—from quitting his first job to founding CATL—have reshaped the global EV battery market. ( read original story ...)