China\’s Shanghai Municipality has released a raft of new measures to attract and facilitate the use of foreign capital, the latest positive signal that the country continues to boost opening-up and st
Tag: financial
Bank crashes won\’t turn into repeat of 2008 crisis, says expert
This photo taken on March 25, 2023 shows a Deutsche Bank branch in Berlin, Germany. (Xinhua/Ren Pengfei)
In Europe, Credit Suisse, the second largest bank in Switzerland, was taken over by Swiss banki
Global trade growth to slow to 1.7 pct in 2023: WTO report
This aerial photo shows a cargo ship departing from the Yantai Port in Yantai, east China\’s Shandong Province, Jan. 9, 2023.(Photo by Tang Ke/Xinhua)
According to the report, global trade growth shoul
China\’s WeChat Pay launched in Mongolia
ULAN BATOR, April 4 (Xinhua) — WeChat Pay, a mobile payment service run by China\’s tech giant Tencent, is now available in Mongolia, Mongolia\’s state-owned television MNB reported Tuesday, citing fin
Sibos 2024 financial services forum to be held in Beijing
BEIJING, April 4 (Xinhua) — Beijing will play host city to the Swift International Banker\’s Operation Seminar (Sibos) financial services forum in 2024, according to a joint announcement from Beijing
U.S. Fed rate hikes create a domino effect
Cartoon by Ma HongliangThe recent collapse of the Silicon Valley Bank in the U.S. triggered turmoil in financial markets and led to spillover effects in the European banking system. The share prices o
Roundtable on Financial Infrastructure and Services in Digital Era held during Boao Forum
The Roundtable on Financial Infrastructure and Services in the Digital Era is held during the Boao Forum for Asia (BFA) Annual Conference 2023 in Boao, south China\’s Hainan Province, March 31, 2023. (
China\’s CZBank posts net profit growth in 2022
BEIJING, March 30 (Xinhua) — CZBank, one of China\’s 12 nationwide joint-stock commercial banks, reported net profit growth of 7.67 percent in 2022.The Hangzhou-headquartered lender raked in about 13.
Asia\’s GDP expected to grow 4.5 pct in 2023: report
BOAO, Hainan, March 28 (Xinhua) — The weighted real GDP growth rate of Asia in 2023 is estimated at 4.5 percent, an increase from 4.2 percent in 2022, according to a report released by the Boao Forum
Shanghai\’s Lujiazui now home to over 100 foreign asset management institutions
SHANGHAI, March 27 (Xinhua) — More than 100 foreign-funded asset management institutions have now settled in Shanghai\’s Lujiazui Financial City, demonstrating China\’s further opening-up of its financ