Mu Changchun, head of the central bank’s digital currency research institute, says user data will only be tracked if a law is suspected of being violated e-CNY users can open four types of digital …
Monthly Archives For October 2022
China’s Sept new yuan loans seen rising on policy support: Reuters Poll
China’s new yuan loans are expected to rise in September from August, a Reuters poll showed, as the central bank seeks to spur an economy hobbled by a property crisis and a resurgence of COVID-19…
China-Taiwan Conflict Forces Latter To Shift Business Operations To Other Parts Of Asia
The Taiwanese companies in China have started to shift their operations to Southeast Asia over fears that war may start between China and Taiwan.
China’s holiday spending plunges to seven-year low as zero-Covid batters consumer confidence
A reading below 50 indicates contraction. Efforts to curb the spread of Covid across China led to a renewed fall in service sector activity, which disrupted business operations and restricted travel, …
I’m not optimistic that China’s party congress will indicate a shift in economic policy: Analyst
Bates Gill of the Asia Society Policy Institute’s Center for China Analysis says the Communist Party of … is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial …
China imposes lockdowns as COVID-19 surges after holiday
The latest lockdown started Monday in Fenyang city in northern China’s Shanxi province after a preliminary positive case was found in citywide testing the previous day, state broadcaster CCTV reported …
China tech shares sink as U.S. export curbs raise chip sector hurdles
The Biden administration published a sweeping set of export controls on Friday, including a measure to cut China off from certain semiconductor chips made anywhere in the world with U.S. equipment.
Musk says Beijing doesn’t want him to sell Starlink in China
Elon Musk told the Financial Times Beijing doesn’t want him to sell his Starlink satellite internet service in China after it was rolled out in Ukraine.
‘No Possibility of Reconciliation’ as US Chip Rules Slam China
The Biden administration’s new restrictions on technology exports to China could undercut the country’s ability to develop wide swaths of its economy, from semiconductors and supercomputers to …
Tesla hits China sales record as Beijing praises Musk’s Taiwan proposal
Chinese automakers, including Geely, BAIC, SAIC and Changan Automobile, are launching their own premium EV brands. Shanghai-based Nio has also targeted the top end of China’s EV market with luxury …
China Turns to Controversial Loan Tool for Policy Bank Funding
China used a controversial tool to inject funds into policy banks for the first time in more than two years, as Beijing increasingly relies on the semi-official lenders to support the economy while …
Chinese IPOs at Home Surge to Highest Proportion in Two Decades
(Bloomberg) — Chinese firms selling shares for the first time are favoring local exchanges rather than going to more traditional listing venues. Most Read from Bloomberg Ukraine Latest: Putin …
Week In Review: AIM Vaccine Stages $20 Million IPO On Hong Kong Exchange
AIM Vaccine conducted a very small IPO on the Hong Kong exchange, raising US$20 million, which netted the company only US$10 million. The IPO saw less than 1% of the company’s shares sold.
