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CHINA GUANGFA BANK
China to allow more banks to handle digital yuan, sources sayThe push to put the digital yuan into the real economy has been slow so far since its launch in 2019, with most retail customers already ab...- Hearses queue at Beijing crematorium, even as China reports no new COVID-19 deathsFollowing widespread protests, the country of 1.4 billion people this month began dismantling its "zero-COVID" regime of lockdowns and test...
- Beijing braces for surge in severe Covid cases as world watches with concernThe easing coincided with a jump in COVID cases that experts say will likely gather pace through winter, with projections suggesting China ...
- Chinese banks continue to dominate; ICICI latest Indian entrant among top banks in APacSBI, India’s largest bank by assets, jumped two spots to be ranked 22nd in the list with $695 billion in assets. HDFC Bank, the country’s p...
- Explainer: How China Evergrande's debt troubles pose a systemic riskIn the dollar bond market, Evergrande accounts for 4% of Chinese real estate high-yields, according to DBS. Any defaults will also trigger ...
- China shares end higher, foreign investors extend buyingAt the close, the Shanghai Composite index was up 0.34% at 3,574.73. The blue-chip CSI300 index was up 0.15%, with its financial sector sub...
- China exonerates self in whitepaper on Covid-19, says virus first noticed on Dec 27A whitepaper by Chinese govt just gave a lengthy explanation to refute the allegations of cover up and delay.
- Unilever, 3M on list of firms eligible for China loans to ease coronavirus crisisSome lenders in the city have each received a list of firms compiled by the Shanghai branches of the Ministry of Industry and Information T...
- Deutsche Bank may swell $14 billion selloff in China bank stakesDeutsche Bank AG's signal that it may sell a $3.5 billion stake in Huaxia Bank Co. shows the fading appetite among global lenders for tie-u...
- Yuan scales 18-year high, at 6.3 per dollarChina's yuan rose beyond 6.3 per dollar for the first time in 18 years on signs the central bank favours appreciation to prevent capital ou...
- Asia breathes easier after US rescues CitigroupAsia breathed a little easier after the U.S. government cast a lifeline to Citigroup Inc, averting what many believed would have been a cat...
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