China will carry out pilot inclusive finance reform in three cities, the country’s central bank said Wednesday. Trials will be conducted in Tongchuan, northwest China’s Shaanxi Province, Lishui in …
Monthly Archives For September 2022
Two of Hong Kong’s largest IPOs for 2022 plunge in trading debut
Two of Hong Kong’s largest initial public offerings of the year dropped on their first day of trade in the city on Thursday.
China Vanke unit Onewo stock to fall 7.5% in Hong Kong trading debut
China Vanke unit Onewo Inc shares are set to fall 7.5% on Thursday from their IPO price as the property services company makes its trading debut on the Hong Kong Stock Exchange.
China’s Communist party at the forefront as Xi Jinping’s coronation looms
When the People’s Republic of China celebrates its 73rd National Day on Saturday, the country will take a back seat to the Communist party and the man who has dominated it for the past decade:…
Commentary: Chip bans on countries like China will hurt more than help the U.S.
The U.S. has passed a raft of measures, both unliterally and multilaterally, to stop the transfer of advanced chip technologies to China. The U.S. has barred companies from exporting chips to …
‘Do not bet’: China’s central bank warns against yuan speculation
The People’s Bank of China has warned against betting on the yuan, after its rapid decline against the U.S. dollar this week.
China’s Communist party at forefront as Xi’s coronation looms
When the People’s Republic of China celebrates its 73rd National Day holiday on Saturday, the country will take a back seat to the Communist party and the man who has dominated it for the past…
China tests central bank digital currency use to settle trades via ‘bridge’ with partners including Hong Kong, Thailand and UAE
The trial period handled more than 160 cross-border payments and foreign exchange transactions totalling over 150 million yuan.
China’s Big Fund corruption probe casts shadow across chip sector
The sudden disappearance in July last year of Gao Songtao, the bespectacled former vice-president of government fund manager Sino IC Capital, was a warning of a coming storm. Months later, the Chinese …
1IMAB : Hony Capital Switches SPAC IPO Focus from U.S. to Hong Kong
Everest Acquisition Corporation, a SPAC co-funded by Hony Capital and ABCI Capital, applied to list in Hong Kong with the aim of acquiring companies in the healthcare, consumer goods and green sectors …
White House hosts first Pacific islands summit as China makes inroads
President Biden this week is welcoming to the White House for the first time more than a dozen Pacific island leaders whose countries are receiving fresh attention and resources as China asserts its …
Merck agrees to allow Sinopharm to sell molnupiravir COVID drug in China
Drugmaker Merck & Co said on Wednesday that it agreed to allow China’s Sinopharm to distribute and import its COVID-19 antiviral molnupiravir in China if the drug is approved for use there.
Water Wars: U.S. Counters Beijing’s Reaction to Pelosi Visit With $1.1 Billion Arms Sale to Taiwan
U.S.-China tensions continue to simmer over Taiwan; Solomon Islands delays general election in what some call a power grab linked to China’s influence; North Korea reaffirms commitment to nuclear …
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