Ministry spokesman Gao Feng made the remarks at an online news conference on Thursday.
The failure of equity fund managers to deliver outsize returns commensurate with the fees they charge for their stock-picking services continues to be a source of ammunition for advocates of lower-cost index tracking products. Less scrutinised, although equally dreadful, is the seeming inability of their bond...
Chinese state-backed investors are considering taking BMW's main Chinese joint-venture partner Brilliance private, five people with knowledge of the matter told Reuters, in the latest such deal targeting beaten down Hong Kong-listed stocks.
Thailand began legal action on Thursday against Facebook and Twitter for ignoring requests to take down content, in its first such move against major internet firms.
UOB has created a partnership ecosystem, which includes Visa, SP Group and Grab among others, to simplify digital payments and the rewards redemption process for its customers.
TAIPEI: Taiwan President Tsai Ing-wen promised on Thursday to help the island's key semiconductor industry overcome difficulties and consolidate its leading position, offering support to a sector increasingly caught up in China-U.S. trade tensions. Companies such as the world's biggest contract ...
A SLEW of recent surveys from financial institutions point out that for those who can save, they have set aside buffers to insulate against financial threats from the health crisis that is Covid-19. But the data may also point to the widening wealth gap wrought by a...
Australia's Westpac bank has agreed to pay a record AU$1.3 billion (US$923 million) fine for more than 23 million breaches of money-laundering laws, the bank and regulators announced Thursday.
SINGAPORE: The Giant supermarket chain will lower its prices of "hundreds of everyday essentials" by an average of 20 per cent for at least six months from Thursday (Sep 24). This comes as customers have expressed financial anxieties amid the COVID-19 pandemic, the supermarket's owner Dairy Farm ...
SINGAPORE'S banking system may be among the first to recover to pre-Covid-19 levels, S&P Global Ratings said in a report on Thursday.
