Page 65 - Citic News Today

China on Tuesday cut the benchmark lending rate loan prime rate (LPR) in line with market expectatio

China is cracking down on ostentation as the wealth gap continues to grow. Finance workers, among the richest in the country, have been told told to eschew luxury displays, with bonuses and pay cuts across the sector.

Satellite operator, AsiaSat is acquiring Lightning International, a Hing Kong-based channels and content distributor.

Chinas state-owned investment company CITIC Group Corp is planning to acquire and develop a solar project with a capacity exceeding 600 MWp in the northea

Chinese financial firms are implementing austerity measures, including cutting salaries and bonuses and curbing flashy lifestyles, as Beijing cracks down on corruption and tries to bridge the wealth gap.

HONG KONG: From cutting salaries and bonuses and asking staff not to wear expensive clothes and watches at work, to reining in travel and entertainment expenses, Chinese financial firms have jumped on an austerity drive as Beijing pushes to bridge the wealth gap. The steps come as authorities vow to clamp

The Hong Kong stock market has moved higher in two straight sessions, climbing more than 630 points or 3 percent along the way. The Hang Seng Index now rests just above the 20,040-point plateau although investors may lock in gains on Monday.

By Xie Yu, Ziyi Tang and Julie Zhu HONG KONG (Reuters) - From cutting salaries and bonuses and asking staff not to wear expensive clothes and watches ...

Financial professionals are among the highest-paid workers in China, and their wealth has drawn public criticism on social media as the economy slows, drawing Beijing's ire as well.

Analysis-China bankers told to shun flashy clothes, 5-star hotels in austerity drive