“Everyone, from the top brass to people like us in middle ranks, earn less than before,” said a credit manager with Bank of China, one of the country’s “big four” state-owned banks, lamenting the loss of the staggering bonuses that she used to bag in the industry’s heyday. China’s financial sector is always beholden to
Even though Chinese leaders openly court international investors, many businesses are unsure of when to cross the line due to Xi’s growing emphasis on national security Image Courtesy Reuters At the Great Hall of the People in Beijing on Wednesday, Chinese President Xi Jinping met with American business leaders. This is part of the government’s
China’s new financial regulator has made fresh pledges to increase regulatory transparency, stability and predictability, the latest of several attempts to restore investor confidence following a stock meltdown and high-profile personnel changes. The country will benchmark its financial policies against international rules and reduce restrictive measures to make itself more open and integrated with the
BitcoinBTC and cryptocurrencies—including major coins ethereum, XRPXRP and solana—have rocketed higher in recent months (with one Wall Street legend warning the U.S. dollar is “finished”). The bitcoin price has topped $43,000 per bitcoin, adding billions to the combined ethereum, XRP, solana and crypto market, and could have now turned a corner, according to a surprise