China Telecom announced after the market closed Tuesday that it would increase interim dividends 16.7% from last year to 0.1671 yuan per share for a total 15.29 billion yuan ($2.14 billion) payout.
Monthly Archives For August 2024
Beijing court reports nearly 90% of securities crimes involve insider trading
Nearly 90 percent of securities criminal cases in Beijing involve insider trading or the leakage of insider information, with most offenders being well-educated or holding high-level positions in …
China’s Agibot unveils humanoid robots to take on Elon Musk’s Optimus
Aiming to make an impact in the highly contested humanoid robot domain, Shanghai-based startup Agibot has unveiled its first set of humanoid robots. On August 18, the company unveiled five new wheeled …
China Market Update: XPeng, Vipshop, And Kuaishou Report Financial Results
Asian equities had a strong day except for Hong Kong and Mainland China, which experienced light volumes and profit-taking following recent outperformance.
China Targets Virtual Assets in Landmark Supreme Court Ruling on Anti-Money Laundering Laws
Chinas Supreme Court has made waves by directly targeting virtual assets in a significant revision of its Anti-Money Laundering laws, reflecting the countrys intensified focus on financial crimes.
China remains key to global progress
China has now graduated and will continue to learn and share, contributing to a world of shared values and progress – the only question is will it be met with more resistance or embraced? As…
China’s record hydro and solar cut coal power during heatwave: Kemp
China’s electricity consumption smashed the previous record in July as a prolonged heatwave settled over major load centres, especially in the Yangtze Delta, driving an enormous increase in air-conditioning and refrigeration.
Biden leaves successor with unfinished business in China, Middle East
The Biden administration fought to bring the US closer to the rest of the world after Trump’s policy of isolationism.
China leads in genAI adoption, business leaders confident in skills: report
In a July survey of 1,600 decision-makers by SAS and Coleman Parkes, China was found to lead the pack in generative AI adoption, followed by the UK and the US.
BMW’s China-made electric Mini to receive lower 21.3% tariff
BMW said that its joint venture in China which produces the electric Mini was classed as a “cooperating company” in the EU’s latest draft tariff document on duties for China-made EVs, qualifying it …
US Sends Defense Treaty Trigger Warning to China
A maritime analyst has called Sabina Shoal a “new front” in China’s long-running territorial dispute with the Philippines.
China’s rare copper export boom signals more than weak demand
A rare burst of Chinese exports has deflated bull spirits in the copper market, with funds dumping long positions and prices down by 16% from the record highs seen in May.
China May Let Local Governments Sell Bonds to Buy Homes
China is considering a new funding option for local governments to buy unsold homes after a series of rescue packages failed to prop up the market, according to people familiar with the matter.Most Re …
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