Bank of China Takes Swift Action in Response to Urban Real Estate Financing Coordination Mechanism
According to the public WeChat account of the Bank of China on February 12, after the establishment of the urban real estate financing coordination mechanism, the Bank of China responded quickly and established a special work team to coordinate and implement the work related to the mechanism coordination throughout the bank. For projects included in […]
Cross-Border Wealth Management Connect 2.0 Unveiled: Optimizations and Upgrades
The long-anticipated version 2.0 of the “Cross-border Wealth Management Connect” has finally been unveiled. The People’s Bank of China’s Guangdong and Shenzhen branches, the State Administration of Financial Supervision’s Guangdong and Shenzhen Supervisory Bureau, and the China Securities Regulatory Commission’s Guangdong and Shenzhen Supervisory Bureau have jointly issued a notice on the “Greater Bay Area […]
Interest Rates Drop as Mortgage Loans Convert from Second to First: A Boon for Borrowers
The Interest Rate on Existing Mortgage Loans Decreases as “Second Mortgages” are Converted to “First Mortgages” By Du Chuan, China Business News Many borrowers who followed the bank’s requirements and submitted the necessary documents are now benefiting from automatic adjustments to their loan contracts and repayment plans as of October 25. “This morning, I received […]
The Rising Price of Gold: Buyers and Sellers Cash in, But Experts Warn Against Blind Investment
The price of gold jewelry has recently seen a significant increase, generating a lot of interest among consumers. Domestic gold prices have risen above 600 yuan/gram, but people are still eager to buy. This has led to a boom in the gold recycling market, with citizens selling their gold for cash. However, experts caution against […]
30 Years of H-Shares: Mainland Companies Continue to Dominate the Hong Kong Stock Market
30 Years of H Shares on Hong Kong Stock Exchange: Mainland Companies Dominate Market Hong Kong Stock Exchange Celebrates 30th Anniversary of H-Share Listing On August 22, the Hong Kong Stock Exchange commemorated the 30th anniversary of the listing of H-shares with a ceremony. Tsingtao Brewery’s H shares marked the beginning of this milestone in […]
20 Years of 618 JD.com Growth Rate Exceeds Expectations
In 2023, JD.com 618 will continue to drive consumption boom for 436 hours, help brand merchants to grow in high quality, and promote rural revitalization and development of industrial belts. Behind this, JD Cloud, as the solid technical cornerstone of JD 618, is also JD’s core brand to provide technology and services to the outside […]
