Finance

China's non-financial outbound direct investment surges in Jan-Feb - China Finance News
Finance

China's non-financial outbound direct investment surges in Jan-Feb

China's non-financial outbound direct investment (ODI) surged 35.7% year on year to US$19.77 billion in the first two months of the year, official data showed Monday.
SVB loans, deposits sold to First Citizens Bank - China Finance News
Finance

SVB loans, deposits sold to First Citizens Bank

First Citizens Bank will buy "all the deposits and loans" of Silicon Valley Bank after it went bankrupt at the beginning of March, a US banking agency said Sunday.
New York-based Flagstar Bank acquires partial assets of Signature Bridge Bank - China Finance News
Finance

New York-based Flagstar Bank acquires partial assets of Signature Bridge Bank

New York Community Bancorp, Inc announced on Monday that its wholly owned subsidiary Flagstar Bank, N.A. has acquired partial assets of Signature Bridge Bank N.A.
HK financial regulators welcome UBS' acquisition of Credit Suisse - China Finance News
Finance

HK financial regulators welcome UBS' acquisition of Credit Suisse

The Hong Kong banking sector is resilient, the regulator said, noting the exposures of the local banking sector to Credit Suisse are insignificant.
UBS to buy Credit Suisse: Swiss government - China Finance News
Finance

UBS to buy Credit Suisse: Swiss government

Credit Suisse will be taken over by Swiss banking giant UBS, the Swiss federal government said on Sunday.
UBS seeks US$6b in govt guarantees for Credit Suisse takeover: source - China Finance News
Finance

UBS seeks US$6b in govt guarantees for Credit Suisse takeover: source

UBS AG is asking the Swiss government to cover about US$6 billion in costs if it were to buy Credit Suisse, a person with knowledge of the talks said.
Idea of ESG catching on with enterprises - China Finance News
Finance

Idea of ESG catching on with enterprises

The idea of ESG, which stands for environmental, social and governance, is becoming more well-known as the world moves toward green and sustainable growth.
Survey points to importance of financial education - China Finance News
Finance

Survey points to importance of financial education

Financial education can help people avoid business traps, and Chinese people need more education on how to effectively combine knowledge and skills, according to a survey.
Credit Suisse to borrow up to US$54b as it seeks to calm investor fears - China Finance News
Finance

Credit Suisse to borrow up to US$54b as it seeks to calm investor fears

Credit Suisse on Thursday said it was taking "decisive action" to strengthen its liquidity by borrowing up to US$54 billion from the Swiss central bank.
Moody's downgrades outlook on US banking system to negative - China Finance News
Finance

Moody's downgrades outlook on US banking system to negative

Rating agency Moody's slashed its outlook on the entire US banking system to negative in the wake of recent bank turmoil in the country.
China's industrial profits down 22.9% in first 2 months Super Brand Mall leads way with green certificate Chinese-branded passenger car sales surge 37.3 pct in February Chinese phone brands eye high-end market with photography and AI features McDonald's promotes sustainable regenerative agriculture China's home price uptick points to stabilizing property sector China's home prices up in February in major cities Amway to invest 600m yuan in its Guangzhou base over 5 years Vitesco electrifies China market with investments, big plans Shanghai set to construct leading computing network Projects fuel development of Anhui Province Innovation centers and zones will fuel industrial development Shanghai to initiate year-long consumption promotion and events Science and innovation entrepreneurs join competition China pilots privately offered funds in property sector SAIC Motors starts first self-operated shipping route from Ningde to Mexico Tencent reports rising revenues, net profits in Q4 of 2022 Toshiba says it will 'support' US$15 bn takeover bid Musk, China's BYD deny report on Tesla ending battery supply cooperation STAR-listed Kingsoft Office posts profit growth, incorporating AI functions China's home prices slightly up in January Epson launches green, digitalized strategies in China Xi'an showcases tourism in Shanghai, along with potential tourism investment China has the largest population of billionaires, states Hurun Rich List, 2023 Delta areas create industry chain to profit from green assets Shangyu bets on high-quality growth of manufacturing and expects Shanghai a part of it China's home prices continue to ease in December 2022 Google launches ChatGPT rival in US and UK China's NEVs sales surge in February to 439,000 units Suntory promotes water conservation in schools across Shanghai and Beijing China to promote steady recovery of property sector: senior official Amazon to cut 9,000 more employees in new round of layoffs China's home appliance giant Haier builds 1st plant in Egypt U Power's chassis-by-wire to slash customization costs of EVs Consumers experience voice command functions in cars prompting improvements Chinese consumers keen to 'spend more' on luxury items, survey finds Shanghai defies pandemic, global downturn to post record GDP per capita MWC Barcelona attracts over 88,000 attendees China allows cities to set lower limit on first-home mortgage rates Veteran investor to debut another Chinese generative AI tool Tesla to build new plant in Mexico worth over US$5b Shanghai firm adopts ChatGPT-like service in AI-assisted diagnosis and treatment
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