The latest announcement is out from China Financial Services Holdings Limited ( ($HK:0605) ). China Financial Services Holdings Limited announced …
FINANCE
Nvidia stock dips as China reportedly tells its companies to avoid buying chips
Nvidia stock slid 3% after China reportedly told its companies to avoid purchasing some of the AI giant’s chips.
GE Healthcare exploring stake sale in China unit, Bloomberg News reports
Medical device maker GE Healthcare is working with advisers to explore options including the sale of a stake in its China unit, Bloomberg News reported on Thursday, citing people familiar with the …
China’s future rests on 200m precarious workers
Its members do not have formal contracts, and yet they have become a crucial part of China’s labour supply, accounting for a quarter of the total workforce and two-fifths of it in cities. Although …
China’s central bank injects CNY 195B into banking system, maintains key interest rate of 1.4%
The People’s Bank of China (PBOC) injected a net CNY 195 billion into the banking system today, continuing its efforts to boost liquidity. This was achieved by conducting CNY 487 billion in reverse …
China ends Google antitrust probe amid US trade talks, FT reports
China is ending an antitrust probe into Google, as trade talks between Beijing and Washington intensify over TikTok and Nvidia amid rising tensions between the two countries, the Financial Times …
China bans its biggest tech companies from acquiring Nvidia chips, says report — Beijing claims its homegrown AI processors now match H20 and RTX Pro 6000D
Beijing is reportedly telling its biggest tech companies to buy local instead of purchasing Nvidia’s latest China-specific AI chips.
U.S. wins release of Wells Fargo banker placed under exit ban in China
Beijing has allowed Mao Chenyue, a bank managing director in Atlanta, to return to the United States, people familiar with the matter said.
China Banks Amped Up $10 Trillion Bond Bet Just as Market Peaked
Just as China’s long bull run for bonds is fading, the nation’s banks have loaded up on government debt at the fastest pace since 2019.
China tells its tech companies they can’t buy AI chips from Nivida
After strongly discouraging tech companies from buying Nivdia’s AI chips in August, the country is now banning the practice outright.
Nvidia shares drop, China tech surges as Beijing tries to push homegrown AI chips
China’s top internet regulator has reportedly asked tech firms to stop using Nvidia’s chips, deeming that local alternatives are good enough to compete.
China allows American banker placed under exit ban to leave country following discussions with US
A Wells Fargo executive who was banned from leaving China has been allowed to exit the country, a source familiar with the matter told CNN Wednesday.
China bans Nvidia chip purchases for tech companies, FT reports
China has reportedly banned firms from buying Nvidia (NVDA) products, according to reporting from the Financial Times. Yahoo Finance Senior Reporter Allie Canal outlines the details. Check out Yahoo …
