# Banking
Latest news and articles about Banking
Total: 3 articles found
Stagnation at the Top: Can a New Chief Revive ABC-CA Fund’s Fading Fortunes?
ABC-CA Fund Management has appointed Sun Jiankun as its new General Manager to address a period of significant stagnation and structural imbalance. Despite its backing by one of China's largest banks, the firm has seen its equity assets shrink and its profitability nearly halved as it remains heavily reliant on low-margin fixed-income products.
The Gilded Retreat: China’s Gold Sector Faces a $20 Billion Reality Check
China's gold sector is experiencing a severe downturn with stock prices for major miners like Shandong Gold falling by more than 50% this year. In response, major shareholders have canceled divestment plans, while regulators and banks are easing trading restrictions to stabilize the market and attract retail buyers.
The 30-Trillion Milestone: Beijing’s Financial Gravity Pulls China’s Wealth to the Center
Beijing has become the first Chinese city to surpass 30 trillion yuan in total deposits, driven by its high concentration of SOE headquarters and a surging stock market that is drawing retail savings into investment vehicles.