'Lovin' it': McDonald's raises China bet, bucking Western firms' derisking trendMcDonald's has taken greater control of its China business and expanded aggressively amid a consumer slowdown and geopolitical tensions. Th...
04 Dec, 2023, 12.50 PM IST
Chinese state firms' help to troubled shadow bank does little to address investor concernsThe involvement of Chinese state-owned financial firms, Citic Trust and CCB Trust, in Zhongrong International Trust Co's operations and man...
18 Sep, 2023, 02.25 PM IST
China set to overhaul financial system giving Xi more controlAuthorities are considering reviving the long-disbanded Central Financial Work Commission to allow the ruling Communist Party to assert mor...
24 Feb, 2023, 02.14 PM IST
Alarmed by Evergrande, China's lenders hold back on new credit for property developers"The market is worried that real estate companies have a high concentration of cashflow problems, which would trigger large-scale bad debt ...
24 Sep, 2021, 03.07 PM IST
Alibaba-backed AI startup Megvii files for IPO in ShanghaiThe startup, backed by Alibaba Group Holding Ltd., plans to issue up to 253 million Class B shares as the underlying stock for the CDR offe...
13 Mar, 2021, 09.49 AM IST
CLSA’s five-year plan shows communist China is in chargeNearly a decade on, there’s no better example of how the Chinese government can transform a financial firm than CLSA itself.
14 Sep, 2020, 09.25 AM IST
China weighs merging its biggest brokers to take on Wall StreetChina’s 131 brokers have assets that are equal to what Goldman Sachs sits on by itself.
14 Apr, 2020, 03.21 PM IST
View: How CLSA had the life squeezed out of itCitic Securities is tightening control over CLSA following an exodus of employees.
09 Jan, 2020, 03.16 PM IST
Jefferies steps up Asia expansion by hiring a dozen from CLSACLSA also lost a team of researchers in China to Credit Suisse Group AG this year.
09 Dec, 2019, 09.24 AM IST
CLSA’s India division too witnessing an exodusMost of the exits have happened from research, while one is said to be from the sales trading team.
04 Dec, 2019, 08.08 AM IST
China wants its own Goldman Sachs. It has a big headache insteadFor the executives at Citic’s CLSA unit who sat listening to Zhang in silence, it also marked the end of a tumultuous three-year relationsh...
10 Jul, 2019, 11.25 AM IST
Xi faces hurdles bashing American brands in a Trump trade warThe China operations of all major American brands, ranging from Coca-Cola and McDonald’s to Walt Disney, are co-owned by state-backed Chine...
03 Jul, 2018, 08.58 PM IST
President Xi backs stronger risk-reduction rule for China central bankChina will proactively prevent and resolve systemic financial risks.
17 Jul, 2017, 09.56 AM IST
- Citic Securities to Acquire Credit Agricole's CLSA unit
Citic Securities agreed to buy Credit Agricole's CLSA unit for $1.25 billion, joining banks across Asia acquiring the assets of troubled Eu...
24 Jul, 2012, 12.53 AM IST
- China may prefer cotton from US, Bangladesh instead of India
China, the biggest importer of Indian cotton may look to buy the commodity from US and Bangladesh due to recent decision by India.
02 May, 2012, 06.14 PM IST
- 'Chinese financial institutions must submit forex reports'
Beijing is tightening supervision of Chinese financial companies by requiring monthly reports on their foreign currency exposure to ensure ...
24 Oct, 2008, 09.50 AM IST
- Citic seeks more stake in Bear Stearns after stock slide
Citic Securities, China's top brokerage by assets, is back in talks to get a bigger stake in Bear Stearns as the Wall Street bank's shares ...
15 Feb, 2008, 12.00 AM IST