Page 66 - Citic News Today

As the country recovers from multiple Covid lockdowns, financial companies in China have asked staff to refrain from sporting expensive clothes, bags and watches, and splashing out on luxury dining and entertainment.

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Investors Title (NASDAQ:ITIC – Get Rating) was the target of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 7,500 shares, a growth of 10.3% from the May 15th total of 6,800 shares. Based on an average daily trading volume, of 2,400 shares, the […]

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. Financial professionals are among the highest-paid workers in communist China and their wealth and flashy lifestyles have often come under criticism from the public on social media as the economy slows, drawing Beijing's ire as well. China&...

CITIC Limited (OTCMKTS:CTPCY – Get Rating) saw a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 300 shares, a drop of 40.0% from the May 15th total of 500 shares. Based on an average daily volume of 1,600 shares, the short-interest ratio is presently […]

The Hong Kong stock market bounced higher again on Thursday, one day after ending the five-day winning streak in which it had rallied more than 420 points or 2.3 percent.

(RTTNews) - The Hong Kong stock market on Wednesday halted the five-day winning streak in which it had rallied more than 420 points or 2.3 percent...

After lowering the seven-day reverse repurchase rate at 9:20 a.m. by 10 basis points, the Standing Lending Facility (SLF) interest rate was also lowered at 8 p.m. on the same day by 10 basis points. On June 15, the People's Bank of China (PBOC) conducted a one-year MLF operation of 237 billion yuan, with an interest rate of 2.65%, down from previous 2.75%. Today, 200 billion yuan of MLF expires.

Finance is poised to undergo a transformation, as Artificial Intelligence (AI) steps in to make real-time decisions using vast data sets. This vision was outlined by Jason Cao, CEO of Global Digital Finance at Huawei, during Huawei Intelligent Finance Summit 2023.

The global helicopter services market covered major segments By Type (Light, Medium, Heavy), By Application (Offshore, Air Ambulance, Business and...