A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. [Photo/China Daily] BEIJING – A bad decision in everyday life may result in a few hours of inconvenience, but when an international investor bets on the wrong market, that could lead to missed opportunities or even significant … Continue reading Investing in China is a superior option for multinationals
Category: Finance
China’s gold consumption rises 5.94% in Q1
A shopper (right) tries on a gold bracelet at a jewelry shop in Chongqing. SUN KAIFANG/FOR CHINA DAILY China’s gold consumption rose 5.94 percent in the first quarter of 2024 from a year earlier, thanks to surging demand for safe havens, China Gold Association said on Friday. Consumption of the precious metal by the world’s … Continue reading China’s gold consumption rises 5.94% in Q1
Beijing bourse facilitates treasury bond issuance of over 1.12t yuan in Q1
Pedestrians pass an office building of the Beijing Stock Exchange. [Photo/China News Agency] BEIJING – More than 1.12 trillion yuan ($157.9 billion) of treasury bonds and over 66.79 billion yuan of local government bonds were issued on the Beijing Stock Exchange (BSE) in the first quarter of the year, according to data released by the … Continue reading Beijing bourse facilitates treasury bond issuance of over 1.12t yuan in Q1
Swiss Re bullish about insurance market’s prospects in nation
A view of the booth of Swiss Re during an expo in Shanghai. [Photo/China Daily] China’s insurance sector is expected to double in size in the coming decade amid robust economic growth, making the country a more significant market for Swiss Re, the top executive of the global reinsurance company said. Despite concerns raised over … Continue reading Swiss Re bullish about insurance market’s prospects in nation
Maximizing Retirement: The 401k Rollover IRA Guide
Are you approaching retirement with a gnawing sense of uncertainty about your financial future? You’re not alone. Countless individuals find themselves grappling with the daunting task of navigating the complex world of retirement planning. But fear not, for there is a powerful tool at your disposal – the 401k ira rollover. This strategic maneuver can … Continue reading Maximizing Retirement: The 401k Rollover IRA Guide
Bain: PE firms can grow amid odds
[Photo/VCG] While China’s private equity firms still face onerous challenges this year due to economic growth pressure, fewer initial public offerings and continued divergence in valuation expectations, they can still look for opportunities in emerging industries such as artificial intelligence and multinational company spin-offs, said market consultancy Bain & Co. Despite existing difficulties in fundraising, … Continue reading Bain: PE firms can grow amid odds
PBOC may up bond trading
A pedestrian walks past the headquarters of the PBOC in Beijing. JIANG QIMING/CHINA NEWS SERVICE China’s central bank will likely increase the trading of government bonds as a liquidity management tool, yet such a move should not be misunderstood as quantitative easing, officials and experts said. It is appropriate for China to maintain the stability … Continue reading PBOC may up bond trading
China’s continuous economic recovery drives significant revival of insurance industry
[Photo/VCG] China’s continuous economic recovery has driven a significant revival of the insurance industry, ThePaper reported on Wednesday. China’s insurance industry achieved a total primary insurance premium income of 5.12 trillion yuan ($706.61 billion), representing a year-on-year growth of 9.14 percent in 2023, according to data from the National Financial Regulatory Administration. In terms of … Continue reading China’s continuous economic recovery drives significant revival of insurance industry
Goldman Sachs upbeat on A shares
An investor in Shanghai checks stock index movements on a mobile phone. [PHOTO by WANG GANG/FOR CHINA DAILY] Goldman Sachs, a global investment banking, securities and investment management firm, sees double-digit growth potential in valuations of China’s A shares, given the country’s recently released nine measures to promote the high-quality development of the capital market. … Continue reading Goldman Sachs upbeat on A shares
Tax policy to better support economic recovery
The Inner Street Culture Creative Park is bustling with activity during the night market in Qingxiu district, Nanning city, Guangxi Zhuang autonomous region, on April 16, 2024. [Photo/VCG] China’s fiscal authorities will intensify efforts in areas like fully supporting sci-tech innovation and expanding domestic demand to further facilitate economic recovery, a senior official from the … Continue reading Tax policy to better support economic recovery