The chief executive officer of Credit Suisse Group AG’s Chinese securities venture is quitting after under two years in the role, making them the second top executive at a major foreign lender in China to step down in April, reports Bloomberg. Tim Tu informed management that he decided to pursue other opportunities within Credit Suisse, […]
Category: Investment
Chinese fintech giant Ant Group announced it has joined into a strategic partnership with 2C2P, a Singaporean payments platform, which will see Ant become the firm’s major shareholder, reports the South China Morning Post. The move is expected to boost the payment options of Ant’s Alipay+, a cross-border digital payment service introduced in 2020, which […]
Chinese economic activity is expected to deteriorate sharply in March due to Covid-19 restrictions put in place affecting factories and consumers, reports Reuters. First quarter growth, however, is expected to have perked up after a strong early start to the year. Data on Monday is expected to show gross domestic product (GDP) grew 4.4% in […]
Houston Huang, Wall Street bank JPMorgan Chase’s top securities executive in China, is taking a step back and will be replaced by his deputy as the bank tries to deal with slowing growth in the China economy, reports Caixin. Huang will hand over the role of chief executive officer of JPMorgan Securities (China) to Lu […]
The China Securities Regulatory Commission (CSRC), the country’s securities regulator, ordered Legend Holdings, a Chinese investment holding company, to fix information disclosure issues on Thursday, reports Reuters. The CSRC said in a statement that a regular on-site inspection found that the company released its 2020 annual report in Hong Kong earlier than it did in […]