The scale of China's privately offered funds reached 15.97 trillion yuan (about $2.48 trillion) at the end of last year, industry association data shows.Some 24,561 institutions managed these funds b
The U.S. Senate early on Friday passed a budget plan that would allow for the passage of U.S. President Joe Biden's $1.9 trillion COVID-19 relief package in coming weeks without Republican support.
The U.S. House of Representatives approved a budget outline on Wednesday that would allow its Democratic majority to pass President Joe Biden's proposed $1.9-trillion coronavirus aid plan without Rep
HSBC Holdings PLC said on Monday it had set up a new private banking business in Thailand, the Asia-focused lender’s second onshore expansion in Southeast Asia, as it s
A view of Guangzhou, China. /CFPChina Securities Regulatory Commission (CSRC) has greenlighted the Guangzhou Futures Exchange (GFE) following the approval of the State
Net profits of China's centrally-administered state-owned enterprises (SOEs) rose 2.1 percent year on year to 1.4 trillion yuan ($216 billion) in 2020, official data showed on Tuesday.Nearly 80 perce
A total of 1.52 trillion yuan ($234.71 billion) in fiscal funds went through the specified transfer payment mechanism, a mechanism that directly channels funds to grassroots-level governments, in Chi
China's trade structure has further improved as the country's service trade deficit shrank significantly in the first 11 months of 2020,datafrom the Ministry of Commerce (MOFCOM) showed on Friday.Dur
The Foreign Affairs Committee of the National People's Congress (NPC), China's national legislature, condemned on Tuesday the Tibet Policy and Support Act, which was ad
The U.S. House of Representatives passed a long-awaited COVID-19 stimulus package of $900 billion on Monday night, along with funding of $1.4 trillion to keep the government running through September
The U.S. Congress on Friday passed and sent to U.S. President Donald Trump a two-day stopgap extension of existing federal funds to avoid a midnight government shutdown, as negotiators work on a $900
Chinese authorities are planning a raft of measures to reduce financial risks in key areas and improve regulatory supervision, Chinese newspaper Economic Information Daily reported Thursday.These
China's foreign exchange reserves rose more than expected in November as a fast economic recovery helped boost the yuan and foreign trade.China's foreign exchange reserves grew to $3.1785 trillion
China's foreign trade increased 7.8 percent year on year to 3.09 trillion yuan during November, official data showed Monday.In the first 11 months of 2020, China's foreign trade of goods totaled 29.0
The world's leading chief financial officers hold a more positive outlook of the Chinese economy than they do for the U.S. economy for the second straight quarter, according to the latest Q4 CNBC Glo
The Atlas for Cities, the 500 Startups-backed market intelligence platform connecting tech companies with state and local governments, has been acquired by the Growth Catalyst Partners-backed publishi
The scale of China's mutual funds reached 18.31 trillion yuan (about $2.78 trillion) by the end of October this year, data from the Asset Management Association of Chin
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