“Investors are disappointed with the slow recovery of the housing market,” said Anitza Nip, Union Bancaire Privee’s head of fixed income research for Asia. “The recovery path appears to be even longer …
Monthly Archives For July 2023
China bank shares slump in Hong Kong after Goldman downgrades
SHANGHAI (Reuters) -Chinese banking shares listed in Hong Kong tumbled on Wednesday after Goldman Sachs downgraded top lenders including Agricultural Bank of China (AgBank) in a report that raised …
India’s April-May finished steel imports from China at six-year high
India’s finished steel purchases from China touched a six-year high in the first two months of the fiscal year beginning in April, according to provisional government data reviewed by Reuters, while …
China unexpectedly cancels top EU diplomat’s Beijing visit
An EU foreign affairs spokesperson confirmed to CNBC that Borrell’s team had been told by their Chinese counterparts the new dates of July 10-11 were no longer possible.
China adviser warns chipmaking export curbs are ‘just a start’, ahead of Yellen’s visit
China’s export controls on metals used in making semiconductors are “just a start”, an influential Chinese trade policy adviser said on Wednesday, as it ramps up a tech fight with the U.S. days before U.
China detains graduate who allegedly stole data for website rating students’ attractiveness
Police in China have detained a college graduate suspected of stealing university data to create a website rating the attractiveness of his fellow students.
China-U.S. export spat unlikely to cool anytime soon: British Foreign Policy Group
Rebecca Harding, independent trade and political risk specialist and senior fellow at the British Foreign Policy Group, discuusses the significance of China’s export controls on semiconductor metals and how the situation may evolve.
Chinese AI Startup Fourth Paradigm Receives China’s Nod for Hong Kong IPO
HONG KONG (Reuters) – Beijing Fourth Paradigm Technology, an AI startup, has completed procedural work for a Hong Kong initial public offering, becoming only one of a handful of companies to get the …
China In Default On Trillion-Dollar Debt To US Bondholders, Policy Expert Says ‘Failure To Act Needs To End Now’
The American Bondholders Foundation (ABF), a private group of American citizens, holds a large quantity of these gold-denominated bonds, valued at well over $1 trillion. The U.K. reached a settlement …
Builders Vie for Shenzhen Land as Plot Sells for USD1.7 Billion Upper Limit at Auction
After 155 rounds of bidding, China Overseas won the rights to develop the land on June 30. It was the eighth plot in Shenzhen ever to go for more than CNY10 billion. The city’s real…
Morgan Lewis to Launch Fourth Greater China Office in Shenzhen
The firm’s new office will be led by partner Shaobin Zhu, who is also its China IP practice head. He will be based in Shenzhen full time.
China’s services sector growth weakest in five months
Activity in China’s services sector grew at the slowest pace in five months in June as the post-pandemic recovery continued to lose momentum, a private sector s
China arrests pastor, Christians for ‘illegal business practices’; church says ‘they are innocent’
Chinese public security forces stormed and disrupted an education center of the Shengjia Church community and arrested Pastor Deng Yanxiang and three coworkers, now formally accused of illegal …
