Xi s China takes a leftward turn - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Wall Streetâs new love affair with China
At a time of growing geopolitical competition, US and European investment firms are plunging into the Chinese market.
China, which by one measure now has more billionaires than the US, is opening its doors wider than ever to foreign firms.Â
AP
May 30, 2021 â 1.22pm
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Zhao Lijian, foreign ministry spokesman, accused the US of âpolitical manipulationâ and of âstigmatisingâ China â the sort of regular spat that has prompted growing comparisons to the Cold War.
But just a day earlier, another announcement told a different story about the ties between the worldâs two leading powers. Goldman Sachs, an emblem of the globally dominant American finance industry, unveiled a wealth partnership with the state-owned Industrial and Commercial Bank of China. The deal could allow the Wall Street firm to draw on the savings of hundreds of millions of the bankâs Chinese customers.
China s Ant Group explores ways for Jack Ma to exit: report
Officials from the central bank, People s Bank of China (PBOC), and financial regulator China Banking and Insurance Regulatory Commission (CBIRC) held talks between January and March with Ma and Ant separately, where the possibility of the tycoon s exit from the company was discussed
Reuters | April 18, 2021 | Updated 09:22 IST
Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators signalled to the company that the move could help draw a line under Beijing s scrutiny of its business, according to a source familiar with regulators thinking and two people with close ties to the company.
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d. Hulu
3. Which prominent Chinese entrepreneur resurfaced this Wednesday after a three-month hiatus, following the halting of his firm’s $37bn IPO?
a. Softbank’s Masayoshi Son
b. Ant Group’s Jack Ma
c. Tencent’s Ma Huateng
d. Samsung’s Kim Ki Nam
4. In place of the usual crowds, missing because of the danger of spreading Covid-19, US President Joe Biden’s inauguration filled America’s National Mall with 200,000 of what objects representative of ‘American unity’?
a.
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