China’s financial sector has and will continue to embrace opening up and cooperation,’ said Lu Lei, deputy governor of the PBOC.
BUSINESS
China Resources Beverage IPO prices at top end of range, valuing firm at US$4.39 billion
The initial public offering (IPO) of packaged water company China Resources Beverage (CR Beverage) priced at the top of its expected range, setting it up to raise as much as HK$5.04 billion (US$650 …
Tesla, Intel, deny they’re the foreign company China just accused of making maps that threaten national security
Tesla has denied it was involved in illegal-map making activities in China after Beijing asserted an unnamed foreign firm working on a smart car project had done so – and even stolen state secrets –…
1st China-Europe freight train for CIIE 2024 arrives in Shanghai
The first “Jinbo” China-Europe freight train carrying exhibits for the 7th China International Import Expo (CIIE) arrived at the Minhang Station in Shanghai on Sunday, marking the fourth consecutive …
IPOs gearing up for blockbuster week
Asia’s stock markets are gearing up for their busiest week of listings in more than two years, offering a crucial test of demand as companies rush to raise money before the US election.
Will Hyundai’s record IPO in India overcome tepid demand and deliver a strong debut?
Hyundai Motor Co.’s Indian arm is experiencing a rocky start as its monumental $3.3 billion initial public offering (IPO) struggles to captivate investor interest amid a challenging market landscape.
Mental Outlaw Challenges China’s Alleged Encryption Breakthrough, Cites Quantum Challenges
Researchers at Shanghai University recently claimed to have cracked RSA encryption algorithms used in banking, military, and crypto.
Kevin O’Leary Calls for 400% Tariffs On China, But His ‘Shark Tank’ Co-Star And Billionaire Investor Mark Cuban Fires Back With Business Concerns
Shark Tank” co-stars Mark Cuban and Kevin O’Leary, aka “Mr Wonderful,” have locked horns over tariffs on China. What Happened: On Friday, O’Leary voiced his discontent with China’s trade practices on X,
How the Communist Party quietly took over SVB’s China operation, according to a former CEO
“It was like they were having an affair with my wife, and they were giving me a reward for having picked her in the first place,” Ken Wilcox told Fortune.
China can cut taxes to spur spending on the road to economic recovery, ex-central bank official says
Raising the tax threshold for people in lower-income brackets would not dent government revenue, former PBOC statistics chief says.
GOP lawmakers seek investigation of consulting firm over its work in China
A group of Republican lawmakers is demanding a federal investigation into the U.S. consulting firm McKinsey over its work with the Chinese government and state-owned enterprises
Why Are Airlines Quiet Quitting China?
Many of the world’s biggest airlines are making a withdrawal from China. The list is large and it’s growing by the week.
Hong Kong IPOs to underpin blockbuster week in Asia as ‘animal spirits’ return
China Resources Beverage and Horizon Robotics are set to make their trading debut in Hong Kong on Wednesday and Thursday, respectively.
