China’s cosmetics industry is booming as consumers splurge on personal care products amid the pandemic. However, foreign cosmetics companies are missing out due to regulations imposed by China during …
Monthly Archives For September 2023
UPDATE 1-China’s yuan will stabilize as domestic prices bottom out – c.bank publication
China’s yuan will stabilize after improvements in recent economic data and the bottoming out of domestic prices, state-owned media said on Monday. China’s falling interest rates have effectively …
China’s Yuan Will Stabilise as Domestic Prices Bottom Out – Central Bank Publication
The PBOC has persistently set firmer-than-expected daily fixing to cap the downside room in the yuan, and it lowered the amount of foreign exchange banks must set aside last week to slow the pace of…
CORRECTED-China’s diesel exports surge in August, have nearly tripled so far in 2023
Exports of diesel, the biggest fuel by share of refinery output, last month totalled 1.26 million metric tons, up 51.5% from last year’s 830,000 tons, data from the General Administration of Customs …
Chinese imports of Japanese seafood plunge 67.6% in August
The total value of marine products imported from Japan to China plummeted more than two-thirds for August following the suspension of seafood imports over the release of treated radioactive water into …
China VC deals plunge, on track for worst pace in more than seven years
Slowing growth and geopolitical tensions are stifling the Chinese startup world that once spawned unicorns such as ByteDance and Didi, according to PitchBook.
China sends top envoy to Russia for security talks
Moscow is seeking continued support on the Ukraine war, including a suspected North Korea arms deal.
China’s home appliance sector reports increasing output in Jan-July
China’s output of refrigerators for home use rose 13.8 percent year-on-year to over 55.88 million units during the January-July period, according to the data.
China stocks rise on stabilisation signs; property stocks weigh on Hong Kong
China shares rose slightly on Monday amid signs of stabilisation in the world’s second largest economy, while property and technology stocks dragged down the Hong Kong market.
Microsoft sees booming enterprise AI demand in Hong Kong amid US-China tech war that threatens cloud services
Microsoft says artificial intelligence usage on its Azure cloud platform jumped sevenfold in Hong Kong in the past six months, with demand growing despite US-China tensions.
China’s foreign minister Wang Yi heads to Moscow after meeting US national security adviser
China’s top foreign policy official is heading to Russia for security talks after two days of meetings with U.S. President Joe Biden’s national security adviser over the weekend in Malta.
Hong Kong Regulator Issues Warning Against Crypto Firms That Claim To Be ‘Banks’
As China continues its crackdown on cryptocurrencies, Hong Kong looks to bolster its position as a global hub of the crypto industry. It has issued a number of guidelines welcoming crypto businesses.
PGIM invests in Hong Kong, mainland China, Australia rental property markets, betting on their strong fundamentals, discounted assets
PGIM Real Estate has invested US$400 million in the housing rental markets in Hong Kong, mainland China and Australia, as the US asset manager sees huge growth in these segments and opportunities to …
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