Mumbai, Aug. 25 — The People’s Bank of China (PBOC) announced on Monday that it will conduct overnight reverse repo operations from Aug. 27 to Sept. 1 to better meet the short-term liquidity …
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Unitree stock crashes 45% after 460% debut as China’s robot frenzy meets reality
Unitree’s stock has gone from the hottest debut in Shanghai to one of the clearest tests of China’s humanoid-robot boom in less than a week. Shares of the Hangzhou-based company have fallen about 45% …
China’s anti-corruption legal framework is about to extend beyond its borders
A draft law aimed at combating cross-border corruption has been submitted for its first reading by the country’s top legislature.
China’s Central Bank Shifts to Cutting Medium-Term, Boosting Short-Term Liquidity
(Yicai) Aug. 25 — The People’s Bank of China, the country’s central bank, is moderately withdrawing medium-term liquidity while ramping up short-term tools to offset month-end shortfalls.
AI chipmaker Enflame sets subscription date for near $900 million Shanghai IPO
SHANGHAI, Aug 25 (Reuters) – Enflame Technology, one of China’s leading AI chipmakers, will open share subscriptions on September 2 for its 6 billion yuan ($892.21 million) IPO on Shanghai’s …
China robot maker Unitree’s post-listing slump sparks bubble fears
HONG KONG/SHANGHAI, Aug 25 (Reuters) – A roughly 45% slump in the shares of Unitree, China’s best-known humanoid robot maker, since a more than fivefold jump on its Shanghai debut has triggered …
Hang Seng Bank doubles down on wealth hubs despite Beijing’s tighter investment scrutiny
Hong Kong lender says it is expanding its workforce to capture rising demand from high-net-worth clients Hang Seng Bank says it continues to invest in its wealth centre network to capture growing …
U.S. Eyes China Overcapacity Tariffs of 7.5% Before Xi Visits
The United States is set to impose a 7.5% tariff on Chinese goods over allegations of excess manufacturing capacity before a planned summit between China President Xi Jinping and U.S. President Donald …
Trump moves toward levying new tariff on China for flooding market with cheap goods, AP sources say
President Donald Trump is moving toward levying a new tariff on China that would penalize the world’s second-largest economy for flooding the global market with underpriced goods, according to three …
China to send a spacecraft out of the ecliptic to study the Sun’s poles
X-rays stream off the sun in this first picture of the sun, overlaid on a picture taken by NASA Solar Dynamics Observatory SDO, taken by NASA NuSTAR. The field of view covers the west limb…
Humanoid robots stumble and shatter sprint records in Beijing
Humanoid robots wow and wipe out at the World Humanoid Robot Games in Beijing, China during challenges inspired by human sports.
China boosts coal’s economic value 700% after turning it to liquids: report
The technology has taken years to develop domestically and is transforming the country’s long-defined energy structure The world’s largest coal-to-liquids plant is turning coal into oil products that …
Taiwan moves to prosecute Nvidia, Super Micro staff over illegal AI server export to China
Nvidia (NASDAQ: NVDA) and Super Micro (NASDAQ: SMCI) staffers were among the nine facing prosecution in Taiwan after prosecutors initiated charges against the group accused of operating a shadow route where AI servers somehow landed…
