China’s financial regulator urged institutions to boost support for consumption, promising in a statement on Friday to relax consumer credit quotas and loan terms as it offers long-term backing to …
FINANCE
Economic Expert: China is laughing all the way to the bank on Trump’s tariff policy
Rana Foroohar and Shermichael Singleton debate the merits and the end game of President Trump’s tariffs. Foroohar says she isn’t against tariffs but there needs to be a more cohesive policy with …
China’s ICBC Backs AI Push With $11 B Fund as Beijing Mobilizes 1 T Yuan for Tech Startups
The Industrial and Commercial Bank of China (ICBC) has launched an 80 billion yuan technology and innovation fund. This follows a 1 trillion yuan government-backed …
China’s ICBC launches 80 billion yuan technology innovation fund
BEIJING] Industrial and Commercial Bank of China, the world’s biggest commercial lender by assets, announced on Wednesday (Mar 12) the launch of an 80 billion yuan (S$14.7 billion) technology and …
China’s 10-year bond yield eyes key 2% level as pressure mounts
CHINA’S 10-year government bond yield is approaching the closely watched 2 per cent level, amid concerns that a recent debt sell-off may accelerate on supply pressures and Beijing’s reluctance to ramp …
China’s new financial captain faces tough mission
Attentive Chinese investors realised something unusual was happening on February 14. Dozens of listed firms simultaneously dispatched a circular announcing they had a new shareholder: Central Huijin.
China bonds drop as expectations of imminent rate cuts fade
Chinese government bonds fell on Monday and 10-year yields climbed to three-month highs after comments from the central bank governor tempered market bets of imminent interest rate cuts. The most …
Eli Lilly plans to launch Mounjaro in China, India, Brazil and Mexico by 2026, CFO says
Eli Lilly plans to launch Mounjaro, its blockbuster diabetes drug, in countries like China, India, Brazil and Mexico by 2026, Chief Financial Officer Lucas Montarce said on Monday at the Leerink …
China’s Geely sells Saxo Bank stake to Swiss private bank
China’s Geely has sold its majority stake in Denmark’s €1.6bn Saxo Bank to Swiss private bank J Safra Sarasin, ending an eight-year joint venture that bet on Chinese capital markets opening up to the …
China bond yields jump to three-month highs as investors pare rate cut expectations
Chinese government bond yields moved further away from January’s historic lows amid optimism in the faltering economy and a stock market rally.
AI Mania Makes ByteDance Cofounder Zhang Yiming China’s Richest Person
ByteDance cofounder Zhang Yiming has become China’s richest man as investors bet on companies with AI potential.
China’s Retaliatory Tariffs on US Farm Goods Take Effect Monday
Chinese tariffs as high as 15% on a range of US agricultural goods take effect Monday, potentially exacerbating a trade dispute between the world’s two largest economies.
Falling consumer prices in China underscore Beijing’s growing economic challenges
China’s consumer price index fell last month for the first time in over a year, indicating that households remain cautious about spending.
