From Xinhua via People’s Daily: China’s foreign exchange authority has granted overseas investment quotas totaling 4.8 billion U.S. dollars to three qualified domestic institutional investors (QDII). According to the announcement from the State Administration of Foreign Exchange (SAFE), the Bank of China, the Industrial and Commercial Bank of China and the mainland subsidiary of the […]
Read MoreFrom Washington Post China’s government Wednesday approved plans by the country’s largest bank, the Industrial & Commercial Bank of China, to raise $14 billion or more in one of the largest stock offerings ever. Never mind that Chairman Mao’s visage remains on all the money or that the country remains ruled by a Communist Party […]
Read MoreFrom BusinessWeek: The mainland’s GDP has surged beyond forecasts. What’s at stake if its economy doesn’t slow? From investment curbs to crisis, here’s a handy guide Global inflation fears, Middle East war jitters, and oil prices hovering at $76 per barrel”hey, there is no shortage of worries right now on the minds of global investors. […]
Read MoreFrom Reuters via swissinfo.org: Former Chinese President Jiang Zemin has quietly emerged from retirement, an apparent attempt to influence leadership changes due next year and safeguard his own legacy, political sources and analysts said. While many of his peers have faded from view, Jiang has kept an invisible hand on power since he was replaced […]
Read MoreFrom Bloomberg: Industrial & Commercial Bank of China, the nation’s largest lender, received regulatory approval for a public share sale, paving the way for the lender to be the first company to sell shares simultaneously in Hong Kong and Shanghai. State-owned Industrial & Commercial may raise between $10 billion and $12 billion in its Hong […]
Read More
Click on the image to download Firefly for circumvention
CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.
