China opening up
The Latest
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Credit Suisse Acquires Controlling Share Of Chinese Joint Venture
Credit Suisse has increased its stake in its Chinese securities joint venture CSFS from 33.3 percent to 51 percent. Credit Suisse has increased its stake in its Chinese securities joint venture CSFS from 33.3 percent to 51 percent. -
UBS Taps Former China Banking Watchdog Official As New Asia Strategy Head
UBS has hired former CBIRC and PBOC senior official, Alan Wang, as its new managing director for its Chinese businesses. UBS has hired former CBIRC and PBOC senior official, Alan Wang, as its new managing director for its Chinese businesses. -
JPMorgan Chase Shares Drop As CEO Undergoes Emergency Operation
The US investment bank's shares dropped by 5 percent following news that its CEO, Jamie Dimon, would be undergoing emergency heart surgery. The US investment bank's shares dropped by 5 percent following news that its CEO, Jamie Dimon, would be undergoing emergency heart surgery. -
China Approves Mastercard Chinese Joint Venture's Clearing Business
The People's Bank of China announced that it has approved Mastercard's joint venture with Netsunion Clearing Corporation to run a new bank card clearing business. The People's Bank of China announced that it has approved Mastercard's joint venture with Netsunion Clearing Corporation to run a new bank card clearing business. -
China SOEs Report Steady 2019 Profits Amid Reform Efforts
China's state-owned enterprises reported a 4.7 percent growth in profits and a 6.9 percent growth in revenues for 2019. China's state-owned enterprises reported a 4.7 percent growth in profits and a 6.9 percent growth in revenues for 2019. -
Goldman Sachs To Double Number Of Chinese Employees In Next Five Years
Goldman Sachs is reportedly planning to double its Chinese workforce as part of its plan to eventually take ownership of its Chinese joint venture Goldman Sachs Gao Hua Securities. Goldman Sachs is reportedly planning to double its Chinese workforce as part of its plan to eventually take ownership of its Chinese joint venture Goldman Sachs Gao Hua Securities. -
China’s Foreign Reserves Hit Six-Month High
China’s foreign exchange reserves saw a significant hike as of the end of December 2019. China’s foreign exchange reserves saw a significant hike as of the end of December 2019. -
JPMorgan Plans To Take Over Chinese JV And Boost Investments In China
Along with increasing its investment to boost its Chinese operations, JPMorgan also plans to hopefully take full control of its Chinese joint ventures. Along with increasing its investment to boost its Chinese operations, JPMorgan also plans to hopefully take full control of its Chinese joint ventures. -
Allianz Becomes China's First Fully Foreign-Owned Insurance Holdings Firm
The approval to operate officially makes Allianz China's first fully foreign-owned insurance holdings company. The approval to operate officially makes Allianz China's first fully foreign-owned insurance holdings company. -
Xi Reaffirms China’s Business Opening Up At CIIE
Chinese President Xi Jinping said during the CIIE that China will continue to open its doors for foreign entrepreneurs and investors. Chinese President Xi Jinping said during the CIIE that China will continue to open its doors for foreign entrepreneurs and investors.