China Construction Bank plans to invest 6 billion yuan ($835.9 million) to establish CCB Consumer Finance Co., the bank said. The unit will have a registered capital of 7.2 billion yuan. Beijing State …
Monthly Archives For September 2022
U.S. and Israel launch high-level tech talks, with an eye on China
The U.S. is concerned about Chinese investments in Israel’s tech sector and involvement in research at Israeli universities.
China’s COVID worries to take shine off Golden Week holiday
Travel during China’s Golden Week holiday, which begins on Saturday, is set to hit its lowest in years, analysts say, as COVID-19 concerns spur calls for people to avoid travel and keep to their …
Investors ‘can’t ignore China’ even with rising geopolitical risk, pension fund managers say
Investors at CNBC’s Delivering Alpha conference discussed the importance of China for investors even after Russia’s war in Ukraine.
Harris: Recent behavior by China ‘disturbing’
Vice President Harris on Wednesday called China’s recent behavior in the East China Sea, South China Sea and Taiwan Strait “disturbing” and accused Beijing of attempting to undermine the …
Putin Is Testing the Limits of China’s Friendship
China is likely to be cautious in its public statements about the right of Ukraine’s nominally pro-Russian regions to decide their own future.
China’s central bank unveils relending facility for equipment upgrading
China’s central bank on Wednesday said it had rolled out a special relending facility worth over 200 billion yuan (about 28.13 billion U.S. dollars) to support equipment upgrading and renovation. The …
‘Stock Advisor’ JF Wealth Defies Market Basics with Ill-Timed IPO Bid
Online investment advisor JF Wealth has filed for a Hong Kong IPO, deriving most of its revenue from high-end education and content services The company faces mounting headwinds from rapidly growing s …
UK minister calls out China’s ‘unacceptable’ human rights violations, Russia’s ‘war of aggression’
Lord Tariq Ahmad, discussed China, Russia and climate change with Fox News Digital, calling out China for its ‘unacceptable’ human rights violations.
Fish fossil catch from China includes oldest teeth ever
A big catch of fish fossils in southern China includes the oldest teeth ever found — and may help scientists learn how our aquatic ancestors got their bite. The finds offer new clues about a…
China’s yuan drops to weakest level in 14 years and is on track for its worst annual loss since 1994
The onshore yuan has cratered 12% against the dollar so far this year, and the People’s Bank of China warned traders against speculation.
China’s EV Brands Could Hit Speed Bumps in Europe
The likes of BYD and NIO are gearing up to enter Europe’s biggest markets. Strong supply chains will help, but they will face plenty of challenges too.
ByteDance Said to Launch Up to$3 Billion Buyback as IPO Plan Put on Hold
ByteDance is planning to spend up to US$3 billion to buy back shares from existing shareholders at a price of no more than US$177.00 apiece, multiple media outlets at home and abroad cited a memo…
