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Gold Prices Soar to Record High on Solid Central Bank Demand
18 Apr 2024 14:05 GMT
… tensions.1
In March, China’s central bank added another 160,000 troy … consecutive month. As the Chinese yuan experiences a decline in … s second most significant reserve currency, and countries such as … 's richest gold deposits and has produced 30 million …
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Deep Diving into The Virtual Banking Scene in Hong Kong
18 Apr 2024 11:32 GMT
… currency accounts, and competitive loan products. It was the second virtual bank … credit cards, savings, loans, and more. WeLab Bank was the third virtual banking … Deposits: Crafting a Winning Strategy for Hong Kong’s Virtual Banks,” Hong Kong virtual banks …
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Job Cuts Hit Morgan Stanley and HSBC in China and Hong Kong
18 Apr 2024 11:32 GMT
… particularly in Hong Kong and China, global investment banks Morgan Stanley … investment banking revenues grew in 2023, and the bank … , bankers in sales and structuring roles in Hong Kong are … credit: Edited from Freepik
Get the hottest Fintech Hong Kong …
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China';s central bank says has policy room but credit demand slows
18 Apr 2024 10:01 GMT
… VIDEOS
BEIJING (Reuters) - There is still room for China';s central bank to … the banking system as real credit demand weakens, senior officials at the bank said … quality of credit over size and move to revitalising existing loans. The central bank has in …
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Bank of Israel calls on fintech innovators to develop CBDC use-cases in new sandbox
18 Apr 2024 16:54 GMT
… the possibility of a central bank digital currency (CBDC) by launching … competition in the banking sector.
The Bank of Israel just … competition in the world of deposits” and that it “ … the Bank for International Settlements (BIS) Innovation Hub’s Hong Kong …
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China’s Weak Consumer Spending is Holding World Back: IMF Chief
18 Apr 2024 17:05 GMT
… during the IMF and World Bank spring meetings in Washington that … safety net, which would give Chinese people the “opportunity to save … recent trip to China made similar arguments that Beijing should work to … a particular interest in sports finance.
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De-dollarization, the Belt and Road Initiative, and the Future of the Chinese Yuan
18 Apr 2024 17:26 GMT
… in China. Still, China should continue to build central bank agreements … and ample credit from local banks, state-owned … China.
After the speculative attack of 2015, the Chinese government changed its currency … Business and Finance at NYU Shanghai and an …
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EU preps vast program of subsidies as it declares U.S. and China ‘no longer playing by the rules’
18 Apr 2024 17:18 GMT
… former president of the European Central Bank, Mario Draghi, said the … Reduction Act, and to China’s subsidies for electric cars … the challenges proposed by Chinese and American rivals in … A substantial part of these savings leaves the European Union and …
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UBS seen to shut some China private funds, lay off staff
18 Apr 2024 15:00 GMT
HONG KONG - UBS is shutting down some of its China private … space and sluggish returns from Chinese markets.
As a result, … (QDLP), previously owned by Credit Suisse, to invest for domestic … bank is also eyeing boosting fund of funds offerings via the Shanghai …
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Former Chinese bank official stands trial for bribery
18 Apr 2024 15:14 GMT
… of the People's Bank of China, was tried on Thursday … vice governor of the central bank, vice president of China Investment Corporation, and vice … president of China Construction Bank, to benefit organizations and individuals regarding loans, financing, …