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Chinese firms shift to Switzerland for capital amid US crackdown

As the US constantly pushes for a so-called financial decouple from China, Chinese firms have been shifting to new overseas markets such as Switzerland to expand capital-funding channels.

United statesUnited kingdomCity ofDong dengxinSemiconductor coIndustry coLi auto incSwiss exchangeLepu medical technologyShenzhen stock exchangeChina securities regulatory commissionHolding foreign companies accountableSany heavy industry coCentral chinaGlobal depositary receiptsShenzhen based eastroc beverage

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macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.

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IKEA to shut down a small store in Shanghai

IKEA will suspend the operation of a Shanghai store located in the Yangpu district starting from July 6, the company told the Global Times on Monday, noting that it has a strong commitment to China, which remains one of its most significant strategic markets.

Chen xiaDong dengxinShu juetingMinistry of commerceGlobal timesShanghai lingkong projectHongqiao linkong economic demonstration zoneSecurities instituteWuhan universityForeign investment lawChina graphicChina councilInternational trade

Teams at big commercial banks promoting financial support: CPC top disciplinary agency

The Communist Party of China s (CPC) top disciplinary agency has sent teams to big Chinese commercial banks on missions to ensure Party central committee s financial support policies to the economy are fully implemented, according to a statement posted on Thursday on the website of Central Commission for Discipline Inspection (CCDI).

Dong dengxinPeople bankCentral commission for discipline inspectionAgricultural bankChina construction bankXinhuathe communist party of chinaCommercial bankFile photoXinhuathe communist partyCentral commissionDiscipline inspectionNortheast chinaSecurities instituteWuhan universityGlobal times

China s FX reserve rises in May after a four-month decline, stability unchanged: official

China’s foreign exchange reserve rose in May after a four-month decline, as the values of financial assets in major countries stayed mixed with the US Dollar Index falling slightly, but the long-term solid fundamentals of the Chinese economy will continue to support the overall stability of the nation s foreign exchange reserve, an official said.

United statesUnited kingdomDong dengxinWang chunyingAdministration of foreign exchangeState administrationForeign exchangeSecurities instituteWuhan universityGlobal timesTian yun