Page 49 - Citic News Today

(RTTNews) - The Hong Kong stock market has moved lower in three straight sessions, slumping more than 100 points or 0.5 percent along the way. The...

Existing labour force will struggle to match structural changes in industry, prominent economist Cai Fang says, urging further loosening of ‘hukou’ system instead.

Shanghai nickel jumped on Monday to its highest in nearly four months, helped by rising ore prices, tightened supply from top producer Indonesia and firm demand from the stainless steel sector. ... -Today at 03:48 am- MarketScreener

CITIC Limited (OTCMKTS:CTPCY – Get Free Report) announced a dividend on Saturday, September 2nd, NASDAQ reports. Shareholders of record on Friday, September 22nd will be given a dividend of 0.1092 per share on Monday, November 27th. The ex-dividend date is Thursday, September 21st. CITIC Price Performance CTPCY stock remained flat at $4.66 during trading hours […]

(RTTNews) - The Hong Kong stock market has moved lower in back-to-back sessions, slumping more than 100 points or 0.5 percent along the way. The H...

A growing crisis in China’s “shadow banking” sector is threatening further damage to an economy reeling from multiple problems, even as a new report questions the ability of the government in Beijing to come to the rescue via fiscal stimulus. On Wednesday, Bloomberg News reported that Chinese authorities have enlisted the Citic Trust Co., a…

The Hong Kong stock market on Wednesday ended the two-day winning streak in which it had advanced more than 360 points or 2 percent. The Hang Seng Index now sits just above the 18,480-point plateau although it's likely to see renewed support on Thursday.

Citic Trust, a unit of conglomerate Citic Group, and CCB Trust will lead the effort to stabilize operations at Zhongrong. The plan underscores growing concern among policymakers about the $2.9 trillion trust sectors impact on financial stability amid disappointing economic growth and a worsening property slump.

Petrobras plans to create a Chinese subsidiary, Chief Executive Jean Paul Prates told Reuters, as Brazil's state-run oil firm pushes to strengthen relations with the Asian nation that had "chilled" under former President Jair Bolsonaro. Prates said Petrobras aims to open the Chinese subsidiary next year, after getting formal approval.

Petrobras has teamed up with Chinese companies to bring its strategic five-year plan to life and prepare for a more sustainable future.