On Friday, a report from China’s official Xinhua news agency said, He Xingxiang, a former vice president of China Development Bank (CDB), has been charged for taking bribes. “He has also been charged for issuing financial bills in violation of… Read More ›
Bank of China
US repatriates former BOC branch president suspected in embezzlement to China
In a statement China’s anti-graft watchdog said, a former president of a domestic branch of Bank of China who is a suspect in an embezzlement, has been repatriated to China after fleeing to the U.S.. In a statement China’s Central… Read More ›
Bank of China must stop funding coal power plants abroad: Alliance of 35 NGOs
On Tuesday, an alliance of 35 non-governmental organizations told Bank of China, a major global investor in coal- power plants, that it must end the financing of projects which fuel global warming and instead support clean and renewable energy. In… Read More ›
Chinese EV maker Xpeng Inc secures $2 billion credit facility for expanding manufacturing and sales
On Tuesday, Chinese electric vehicle maker Xpeng Inc said, it has secured a $2 billion (12.8 billion yuan) credit line from five Chinese banks for expanding its manufacturing and sales. New York-listed Xpeng, which has a market value of $35… Read More ›
Beijing appoints Zhu Hexin as the vice governor of the PBOC
The appointment comes at a time when the Chinese economy is cooling with record low retail sales, and is showing signs of stress from U.S. sanctions. On Tuesday, in a strategic move China has appointed Zhu Hexin as the vice… Read More ›