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LankaWeb – China calls on Western lenders to ease debt pressure on developing countries

LankaWeb – China calls on Western lenders to ease debt pressure on developing countries
lankaweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lankaweb.com Daily Mail and Mail on Sunday newspapers.

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HK's status as global financial hub enhanced amid Western banking woes, 'reaffirming confidence in city under One Country, Two Systems'

More than 100 decision-makers from global family offices and their professional teams gathered at a wealth summit in the Hong Kong Special Administrative Region (HKSAR) on Friday. The popularity of the event further underscored the Chinese city s appeal as a world-leading international asset and wealth management hub and its long-term promising prospects amid an unfolding bank crisis in the US and Europe, which have been left reeling from financial chaos and a slew of bankruptcies. ....

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SVB collapse highlights need to strictly maintain the bottom line of low risks: former Chinese finance minister

It is crucial to improve the financial regulatory system and strictly maintain the bottom line of low risks, China’s former finance minister said at a forum on Saturday in commenting on the recent collapse of the US Silicon Valley Bank (SVB) that sent shockwaves across the US banking system. ....

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Chinese firms feel limited impact from SVB's failure; experts warn of global risks

Some Chinese enterprises that have business ties with US-based Silicon Valley Bank (SVB) said that they have so far seen limited impact from the bank s dramatic bankruptcy, but some analysts warned about risks posed by SVB s collapse for global financial markets. ....

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China's new cabinet lineup decided at top legislature

With key positions of Chinese central government being endorsed at the national legislature, Chinese observers believed that the major agenda of the central government will be steering the economy recovery and boosting market confidence. ....

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