Global Banking Monitor

Sunday, April 28, 2024

Stripe employees get to sell $1bn of shares

It's good news for the Stripe employees...

Strategies for Upskilling Your Workforce in an AI-Driven Economy

In an era where artificial intelligence (AI)...

Five Strategies for Enhancing Internal Communications in Banks

In the fast-paced world of banking, effective...

Tag: china

Can China Reclaim Its Economic Miracle in 2024?

China's disappointing post-COVID recovery has raised significant doubts about the foundations of its decades of stunning growth and presented Beijing with a tough choice...

Citi’s Onshore China Investment Bank Plans Face Delays Due to Data Law

Citigroup Inc.’s push to set up a wholly-owned securities business in China is taking longer than planned because the bank needs more time to...

China Initiates Investigations into Troubled Shadow Banking Giant Zhongzhi

Chinese authorities said they recently opened criminal investigations into the money management business of Zhongzhi Enterprise Group Co., days after the embattled shadow banking...

Beijing Takes Significant Steps to Address Looming Property Crisis in China

China's finally starting to do something about the three-year property crisis that's been weighing on its COVID-scarred economy. Beijing is urging banks to boost financing...

China Directs Banks to Limit Early 2024 Loans, Redirects Some Forward

China’s central bank has encouraged lenders to cap the amount of new loans they issue in early 2024 and shift some forward to this...

China and Saudi Arabia Seal $7 Billion Currency Swap Agreement

China and Saudi Arabia signed a local-currency swap agreement worth around $7 billion, deepening their ties as countries across the Middle East and emerging...

China Misses Out on Global Funds as Investors Chase Returns in Japan Stocks

Japan is leaving China behind as Asia’s two largest stock markets compete for investor capital, with the latter’s prospects clouded by long-running concerns about...

China Likely to Lower Banks’ Reserve Ratio in August to Boost Cash Supply

China’s central bank may cut the reserve-requirement ratio for major banks as soon as this month in an effort to boost lending and revive...

How China Is Working to Stimulate Its Weak Economy

China has made a number of pledges recently to revive the economy’s recovery and improve the business environment as concerns about the growth outlook...

China Unveils Measures to Strengthen Growth of Consumer Businesses

China issued more measures to bolster economic growth, including a plan to boost consumer industries and steps to grow an exchange dedicated to helping...

China Requests Banks to Fund Tech Sector in Effort to Boost Private Industry

China’s central bank called on the financial sector to help fund technology research and M&A deals, the latest in a string of promises to...

China Taps Pan Gongsheng as New Central Bank Governor to Boost Economic Recovery

China named Pan Gongsheng as governor of the central bank, strengthening his position as head of the institution tasked with boosting the world’s second-largest...

China Growth Forecasts Slashed for Next Year Despite Expected Support

China’s economic outlook is deteriorating into next year, with no clear consensus from analysts that the business environment will improve despite Beijing’s push to...

China State Banks Expected to Sell US Dollars to Support Yuan – Sources

China's major state-owned banks were seen selling U.S. dollars to buy yuan in both onshore and offshore spot markets in early Asian trade on...

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