China has the dubious distinction of being able to lay claim to seven of the ten most polluted cities in the world, according to the World Health Organization (WHO).
Categories
Category: Banking & Finance
Categories
Daqing
The museum to "iron man" Wang Jinxi in Daqing, the oil capital of China, stands as a reminder of how China used to conduct its campaigns. There is not a shred of doubt, not a shade of nuance, nor a contradiction in sight.
Goldman Sachs was reported close to resolving regulatory issues standing in the way of a proposed joint venture investment bank with a consortium led by Fang Fenglei. Goldman had hoped the new JV bank would open for business this year, giving it solid footing to compete for deals against Morgan Stanley, which has a stake […]
Categories
S&P boosts banks' ratings
Standard & Poors declared Bank of China and China Construction Bank technically solvent, the decision coming after the banks had sold off overhanging bad loan assets and received massive capital injections from the central government. Both banks had their long-term foreign currency counterparty credit ratings raised from "BBB-" to "BB+", S&P's lowest investment-grade rating. Moody's […]
Prudential, the UK-based life insurer, is seeking to set up a Chinese asset management business as part of the company's drive to cash in on China's booming mutual funds sector. The company already has life insurance operations in Beijing, Guangzhou and Suzhou with Citic, its joint venture partner Citic, and hopes to get another key […]