Monday, November 30, 2020
Tags Chinese business

Tag: Chinese business

Jack Ma Reduces Alibaba Stake to under 5%, Jiang Fan Ousted as Alibaba Partner

Jack Ma, the storied founder of Chinese e-commerce giant Alibaba, has reduced his holdings in Alibaba to less than 5% to reap...

China’s Best Paid Financial Executives Revealed

A new study on the remuneration levels of Chinese finance professionals has shed light on who are the industry's top earning executives. The study conducted...

Beijing Aims to Reduce Enterprise Launch Times from 20 to 8.5 Working Days

The State Council has unveiled new measures that it hopes will dramatically reduce the length of time it takes to start a new business...

Beijing Streamlines Procedures for Establishing Foreign-invested Companies

The Chinese central government has unveiled plans to streamline procedures for the establishment of foreign-invested companies, as part of efforts to further open China's...

Chinese Banks Lift Rates on Large-denomination Certificates of Deposit

The latest data indicates that a slew of Chinese banks have lifted the rates for large-denomination certificates of deposit after the People's Bank of...

World Bank Cuts Lending to China at Trump Administration’s Behest

The World Bank will make adjustments to its lending protocols in order to reduce credit extended to China, as one of the conditions for...

Chinese Banks are Hiding Bad Loans: China Orient Asset Management

One of China's leading asset management firms claims that the scope of non-performing assets in the banking sector is widely underestimated, because lenders are...

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Chinese Banks Suspend Trading of Gold and Platinum Due to Concerns over Post-US Election Price Plunge

A slew of leading Chinese banks have announced the suspension of trading of gold and platinum due to concerns over market volatility...

Kuaishou Could Acquire Payments License, Joins Ranks of Chinese Tech Giants Making Forays into Finance

Chinese video-sharing platform Kuaishou could be preparing for a foray into the fintech sector by grabbing a payments license via the acquisition...

Bank of China Forecasts 7.5% GDP Growth for China in 2021

Big state-owned lender Bank of China (BOC) has issued a rosy forecast for Chinese GDP growth in 2021 following efforts to contain...

Chinese Central Bank Undertakes 200B Yuan in MLF, 150B Yuan in Reverse Repos on 30 November

The People's Bank of China (PBOC) has announced that it undertook 200 billion yuan in medium-term lending facility (MLF) operations and 150...