Fortunes of the Middle Kingdom’s wealthiest tycoons mostly fell over the past year as stocks declined and the Chinese government tightened its grip on tech companies. After a record-setting 2021, Chin...
Tag: China
Ms. Bachelet — Don’t Go To Xinjiang
BEIJING, CHINA – MAY 15: Chile’s President Michelle Bachelet (L) shakes hands with Chinese President … [+] Xi Jinping during the welcome ceremony for the Belt and Road Forum, at the ...
China Revises Delisting Rule. But Investors May Want to Sell on the Rally.
Text size The probability of a mass delisting of Chinese stocks like Alibaba may have ticked lower with revised rules from China’s regulators. Greg Baker/AFP via Getty Images The probability of ...
Hong Kong Internet Stocks Cheer Proposed CSRC Rule Change
China Last Night KraneShares Key News Saturday night the China Securities Regulatory Commission (CSRC), China’s SEC, issued a “Notice on Public Solicitation of Comments on the “Provisions on Strengthe...
What Tesla’s Berlin Gigafactory means for its future in China
Tesla chief executive Elon Musk cut the ribbon at his company’s first European manufacturing facility on March 22, inaugurating the electric vehicle maker’s fourth Gigafactory. The official opening in...
People’s Bank of China Includes 11 More Cities in Digital Yuan Pilot Program
The People’s Bank of China has announced that its digital yuan pilot program will support 11 more cities. Residents in some of these cities have already begun to have access to digital yuan wallets. C...
Mainland China Bourses Closed Monday-Tuesday For Tomb Sweeping Day
Share to Facebook Share to Twitter Share to Linkedin A man wearing a face mask poses for a photo with a thumbs-up outside the Beijing Stock Exchange in … [+] Beijing Monday, Nov. 15, 2021. (AP P...
Oil Extends Retreat as China Battles Worsening Virus Outbreak
(Bloomberg) — Oil fell as traders tracked a worsening Covid-19 outbreak in China and prospects for additional crude releases from government stockpiles. Most Read from Bloomberg West Texas Inter...
GM keeps plants running in China by asking workers to live in factory, sleep on floors
DETROIT – As the biggest city in China goes on lockdown, General Motors is taking extreme measures to keep new car production going, including asking workers to sleep on factory floors. Leaders in Sha...
China Removes Key Hurdle to Allow U.S. Full Access to Audits
(Bloomberg) — China modified a decade-long rule that restricted offshore-listed firms’ financial data sharing practice, potentially removing a key hurdle for U.S. regulators to gain full access ...
China Covid-19 Outbreak Disrupting Supply Chains, Manufacturing, Investment, Staffing — AmCham Survey
Near deserted streets in the Puxi area of Shanghai, China, on Saturday, April 2, 2022. Shanghai’s 25 … [+] million residents are almost all under some form of lockdown as the financial hub scram...
EV Sales At Warren Buffett-Backed BYD Quadrupled In March
Warren Buffett’s Berkshire Hathaway owns 7.7% of BYD. Photo by: zz/Dennis Van Tine/STAR MAX/IPx zz/Dennis Van Tine/STAR MAX/IPx BYD, the Shenzhen-headquartered vehicle and battery maker backed b...
Wall Street’s Slashed Prices Reflect New Reality for China Tech
(Bloomberg) — After years of breakneck growth that catapulted Chinese tech firms into stock market giants, a number of strategists are coming to terms with the new reality of a sector beset by s...
China Chipmaker’s Buyer Missed $9 Billion Payment Deadline
(Bloomberg) — The winner of a bidding process for Tsinghua Unigroup Co. has missed its March 31 deadline to complete a 60 billion yuan ($9.4 billion) takeover payment, according to people famili...
Differentiating Private And State-Owned Companies May Be The HFCAA Solution
China Last Night KraneShares Week in Review Meituan (3690 HK) jumped +11.56% after posting better-than-expected financial results on Monday after the Hong Kong close last Friday. TikTok rival Kuaishou...
U.S.-listed Chinese stocks jump after China reportedly considers sharing company audits
A security personnel stands guard at the opening session of Baidu’s annual AI developers conference Baidu Create 2019 in Beijing, China, July 3, 2019. Jason Lee | Reuters New York-listed Chinese...
China securities regulator on U.S.-listed Chinese stocks audit delisting
The China Securities Regulatory Commission and U.S. securities regulators have been locked in a dispute over allowing U.S. review of Chinese company audits, threatening delisting in coming years. Cost...
China Jails Kidnappers That Demanded ‘Hundreds of Bitcoins’ as Ransom Payment – Regulation Bitcoin News
Chinese authorities have jailed four individuals that were accused of kidnapping one person and demanding “hundreds of bitcoins” as a ransom payment. While the alleged kidnapping is reported to have o...
SEC Chief Doubts Imminent Deal to Avoid China Delistings
(Bloomberg) — Securities and Exchange Commission Chair Gary Gensler tamped down speculation that a deal is brewing to keep about 200 Chinese stocks from losing their listings, signaling that onl...
Hong Kong, Bangkok, Tokyo, Singapore
Hong Kong is the top destination in Asia for foodies this year, according to new rankings released by the 50 Best organization. The city is home to 16 of the region’s “best” 100 rest...
The Russia-Ukraine Information War Has More Fronts Than You Think
TOPSHOT – Russian President Vladimir Putin (L) and Chinese President Xi Jinping pose during their … [+] meeting in Beijing, on February 4, 2022. (Photo by Alexei Druzhinin / Sputnik / AFP)...
Citi raises its forecast for China’s GDP growth
Real estate and related sectors account for at least 25% of China’s economy, according to Moody’s. Costfoto | Future Publishing | Getty Images BEIJING — China’s economy faces so much...
Is the yuan a buy or sell as China economy slows?
The USD/CNY price tilted upwards for the fifth straight day as concerns about the Chinese economy escalated. The pair rose to a high of 6.35, which was substantially higher than the year-to-date low o...
China EV Sales: Nio, Xpeng, Li Auto Eye Big March Rebound But Delisting Fears Hit Nio Stock
Nio (NIO), Xpeng Motors (XPEV) and Li Auto (LI) eye a big rebound in China EV sales for March. But Nio stock and its peers tumbled Thursday as delisting and Covid-19 fears reared up again. X China EV ...
China is first major global economy that introduces its cryptocurrency
China is one of the first major nations to introduce its cryptocurrency. Although the nation is not bullish on assets like Bitcoin and Ethereum, it embraces blockchain technology and launches its cent...
Baidu Stock Drops. It’s One of 5 Stocks Added to the SEC’s Delisting Watchlist.
Text size LIU JIN/AFP via Getty Images Baidu stock was dropping Thursday after U.S. regulators added the Chinese search giant to its growing list of companies that could be removed from American stock...