It comes after a key update last year when China’s three state-owned telecoms operators – China Mobile, China Unicom and China Telecom – rolled out a so-called “super SIM card” that can act as a…
Monthly Archives For April 2024
China’s Largest Bank to Provide $41 Billion in Tourism Financing
The Industrial & Commercial Bank of China Ltd. will offer 300-billion yuan ($41 billion) in financing to boost the nation’s tourism sector amid sluggish consumer spending in the world’s second-largest …
China’s Economy Sees Bright Spot As Country’s Largest Bank Funds $41B In Tourism
To revive the country’s tourism sector, the Industrial & Commercial Bank of China Ltd (ICBC), the country’s largest bank, has pledged to provide financing for 300 billion yuan ($41 billion). What …
Bank of China says net interest margin will continue to face pressure
Bank of China (BoC) said its net interest margin – a key gauge of profitability – will still face significant pressure this year.
Bond Comments by China’s Xi Hint at Possible Expansion of PBOC Toolkit
In remarks made in October but only published recently, Chinese President Xi Jinping called for the People’s Bank of China to supplement its monetary policy toolbox and gradually step up trading of …
China intensifies efforts to establish comprehensive blockchain network: Here’s why
China is escalating its efforts to create a comprehensive blockchain network, despite maintaining a strict policy against cryptocurrencies. The objective of this initiative is to …
Former Taiwan president Ma meets China official in Shenzhen to promote cross-Strait peace
Former Taiwanese President Ma Ying-jeou met with Chinese officials in Shenzen on Monday evening to promote relations between Taiwan and China.
US Asks South Korea to Toughen Up Export Controls on China Chips
The US is asking South Korea to adopt restrictions on semiconductor technology exports to China similar to those Washington has already implemented, another sign the Biden administration is stepping …
Multinationals embrace new opportunities created by China’s green transition
The green transformation represents a technological revolution, where international green technologies are reintegrated into China and merged with local innovations to create new collaborative models …
Tesla’s China-made EV sales edge up 0.2% y/y in March
U.S. automaker Tesla sold 89,064 China-made electric vehicles in March, a 0.2% increase from a year earlier, China Passenger Car Association (CPCA) data showed on Tuesday. Deliveries of China-made …
Country Garden: China property giant suspends shares in Hong Kong
Crisis-hit Chinese property developer Country Garden has suspended trade in its shares on the Hong Kong Stock Exchange after delaying the publication of its annual financial results. The firm said …
Tech war: updated US semiconductor export restrictions raise demand in China for Nvidia’s RTX 4090 graphics card
Merchants at Shenzhen’s Huaqiangbei, the world’s biggest wholesale electronics marketplace, are stockpiling graphics cards ahead of the revised US curbs’ roll-out on April 4.
China Launches Public Blockchain Infrastructure For Belt And Road Projects
Crypto-unfriendly China has launched a blockchain infrastructure that will reportedly not include any tokens or cryptocurrencies.
