financial sector

Businessman Hailed for Buying Imaginary Bank

Lin Chunping, a businessman from Zhejiang, Wenzhou became a hot topic in January when state media reported that he had taken over Delaware-based Atlantic Bank without checking its sources. AP reporter Didi Tang reports, in the...

China’s Financial System: Red Mist

The Economist provides a Who’s Who of China’s financial system: FROM being a rounding error a decade ago, the financial clout of China now trails only that of America. By market capitalisation, it has three of the...

China and Taiwan Deepen Economic Ties

China and Taiwan have deepened economic ties which helps improve cross-strait relations. From Joy C. Shaw of the Wall Street Journal: “The two sides also agreed in principle to allow investment from mainland China in Taiwan....

Goldman Sachs criticised for offering shares in PetroChina in US

In a study released on Thursday by two firms in the industry, Goldman Sachs was criticised when it offered shares in Chinese oil firm PetroChina in the United States. Activists said the financing would contribute to harming China’s environment and provide support for a country with a poor record on human rights. Read the Reuters […]



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