Latest News for: Beijing investment bank

Edit

China central bank says to steadily and prudently push forward yuan internationalisation

FX Empire 23 Sep 2022
China will “improve the liquidity of yuan-denominated financial assets, further facilitate foreign investors’ access to Chinese markets for investments and enrich the variety of assets available for investments,” the central bank said. (Reporting by the Beijing Monitoring Desk, Editing by Raissa Kasolowsky and Angus MacSwan).
Edit

CICC dives after rights issue plan

Shenzhen Daily 14 Sep 2022
Under its plan, the Beijing-based investment bank proposes to issue up to 1.45 billion shares to existing holders of its A and H shares, who will get three new shares for every 10 held, it said in a late Tuesday filing ... In a separate filing, its controlling shareholder Central Huijin Investment Ltd ... banks such as Citigroup Inc ... ....
Edit

AIIB asked to increase funding to $1bn

Dawn 10 Sep 2022
Pakistan on Friday asked Asian Infrastructure and Investment Bank (AIIB) to enhance its overall financing for the current fiscal year to $1 billion. The Beijing-based multilateral bank is already arranged $750 million for Pakistan for the current year including about $500m for ...
Edit

Weak yuan is latest headache for China's importers, threat to global commodities prices

Gulf News 09 Sep 2022
"It will be a boon for export-focused companies that would stand to gain by shipping more finished products, whereas importers will face a rise in raw material costs," said Chaohui Guo, an analyst at Beijing-based investment bank China International Capital Corp.
Edit

AIIB keen to fund Wapda hydro projects

Dawn 07 Sep 2022
After the interest shown by the Beijing-based Asian Infrastructure Investment Bank (AIIB) in hydropower projects in Pakistan, the Water and Power Development Authority (Wapda) has asked the bank to finance the 1,500MW Thakot-3 and 2,400MW Pattan projects—the mega hydel power schemes of the Indus Cascades.
Edit

UBS cuts half a dozen bankers in HK as deals slump

Taipei Times 31 Aug 2022
Investment banking revenue for UBS in China has plunged by about half, although gains in Japan and Australia helped prop up its overall Asia business, people familiar said ... Investment banks had been going full steam into China as Beijing opened the door to full ownership of their ventures in the country, counting on reaping billions in profits.
Edit

UBS sheds bankers in China

Business Day 31 Aug 2022
Investment banking revenue for UBS in China has plunged by about half, though gains in Japan and Australia helped prop up its overall Asia business, people familiar said ... Investment banks had been going full steam into China as Beijing opened the door to full ownership of their ventures in the country, counting on reaping billions in profits.
Edit

Assessing the Asian Infrastructure Investment Bank

Cook Islands News 25 Aug 2022
The establishment of the China-led Asian Infrastructure Investment Bank (AIIB) in 2016 – and the ... In 2020, the Beijing-based Asian Infrastructure Investment Bank has approved a US$20 million (NZ$28 million) loan to the Cook Islands to meet a cash crunch caused by Covid-19 pandemic.
Edit

Why China, Pakistan want third parties in CPECDespite the challenges and economic setbacks, neither Beijing ...

Deccan Herald 24 Aug 2022
The CPEC is the flagship project of Beijing’s Belt and Road Initiative (BRI) and it passes through Pakistan-occupied Kashmir ... Originally valued at $46 billion in 2013, it is now said to involve $65 billion in investments ... The flip side is that Beijing cannot sustain its investments in Pakistan without repayments.
Edit

Financial majors slash China's GDP outlook

Beijing News 22 Aug 2022
Beijing , August 22 (ANI). Two of the world's biggest investment banks Goldman Sachs and Nomura have cut China's economic growth forecast, media reports said. Both the banks slashed the GDP forecast while citing Covid-related lockdowns that have curbed business and consumer activity in China in the month of July, Daily Sun reported citing RT.
Edit

Goldman Sachs and Nomura both cut China's GDP outlook, again

CNBC 18 Aug 2022
The cuts represent continued pessimism among investment banks over Beijing's growth target of around 5.5% ... .
photo: AP / Alexander F. Yuan
Chinese journalists, firemen, buses, and red flags on Tiananmen are reflected in a glass door of the Great Hall of the People, where opening ceremony of the 18th Communist Party Congress is held, while a soldier dressed as an usher, seen through the glass, keeps watching in Beijing, Thursday, Nov. 8, 2012. China's ruling Communist Party opened a congress Thursday to usher in a new group of younger leaders
Edit

China’s laggard chips industry rotten with corruption

Asiatimes 13 Aug 2022
The Big Fund was initiated in 2014 by China Development Bank Capital, China National Tobacco Corporation, Beijing E-town International Investment & Development Co Ltd, China Mobile, Shanghai Gushing Group, China Electronics Technology Group, Beijing Unis Communications and Sino-IC Capital.
Edit

Glenn Diesen: In the developing new world order, Russia’s weapons will be pointing West, and ...

Russia Today 11 Aug 2022
The containment of rivals such as Russia and China results in the militarization of transportation corridors, while the reluctance to adequately accommodate China in the IMF has incentivized Beijing to launch parallel institutions such as the Asian Infrastructure Investment Bank (AIIB).
Edit

The Telltale Pattern Behind Britain’s China Policy

The Atlantic 02 Aug 2022
A s recently as 2015 , Britain boasted of being China’s “ best partner in the west .” It had become a founding member of Beijing’s controversial Asian Infrastructure Investment Bank, against American opposition. While still a member of the European Union, its diplomats pushed for the EU to agree to a formal trade-and-investment deal with China.
Edit

China’s ‘common prosperity’ drive slashes pay and perks for investment bankers

FX Empire 29 Jul 2022
State-owned investment banks including China International Capital Corp (CICC) and Citic Securities have implemented pay cuts this year as well as delayed bonus payments to their staff, four of the people said ... That could affect talent retention at a time Western investment banks are expanding in China.

Most Viewed

Chinese President Xi Jinping, second right, Russian President Vladimir Putin, left, and Uzbek President Shavkat Mirziyoyev, right, talk to each other at the Shanghai Cooperation Organization (SCO) summit in Samarkand, Uzbekistan, Friday, Sept. 16, 2022.
AP / Sergei Bobylev, Sputnik, Kremlin Pool Photo via AP
All Saints Catholic Church (Walton, Kentucky)   nave, crucifix with Hebrews 12
Creative Commons / Nheyob https://commons.wikimedia.org/wiki/User:Nheyob
File - Saudi Arabia's Crown Prince Mohammed bin Salman meets with Secretary of State Mike Pompeo at Al Salam Palace in Jeddah, Saudi Arabia, June 24, 2019.
AP / Jacquelyn Martin, Pool, File
×