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FINANCE
China’s central bank governor says stable yuan key to global financial stability
China’s central bank governor said on Sunday a stable yuan currency has been key to global financial and economic stability and Beijing will continue to let the market play a decisive role in deciding …
Criticizing Tesla In China Could Have Severe Financial Consequences
One customer who claimed faulty Tesla brakes caused a crash was forced to pay $23,000 and issue a public apology to the company.
Tesla is suing critics and customers in China alike—and can count on its ties to the regime to tip the scales in its favor
The EV manufacturer is victorious in court in almost every case thanks to a justice system that acts as the long arm of the Chinese Communist Party.
Is China stock revival plan pie in the sky?
As China directs its large financial institutions to help revive and rebalance a struggling stock market, analysts see merit in the plan but are sceptical it will stimulate a recovery.
Control of four Chinese financial institutions to be transferred to Central Huijin Investment
Four Chinese financial institutions announced on Friday that their stakeholders plan to transfer shares to Central Huijin Investment, after which Huijin will control these four financial organizations …
China’s Record Month for Bank Loans Fails to Ignite Credit Cycle
China’s credit expansion picked up far more than expected in January from a year ago, even as a record jump in new bank loans failed to reverse an entrenched slowdown in demand for financing.
China Has Record Foreign Investment Outflow as $168 Billion Exit
China saw record outflows of foreign direct investment last year, an exodus that threatens to persist after the resumption of a trade war with the US.
China January Bank Lending Hits Record High on Policy Stimulus
New bank lending totalled 18.09 trillion yuan last year, down from a record 22.75 trillion yuan in 2023 and hitting the lowest level since 2019, as businesses and consumers remained cautious about …
Starbucks’ CEO is plotting a huge expansion in the Middle East and China
Starbucks plans to open 500 new stores in the Middle East and “many more thousands” in China, said Brian Niccol, the company’s CEO.
Japan’s China investment drops 60% in 10 years as firms rethink strategies
Geopolitical considerations and intense competition from domestic firms have led Japanese companies to move their China investments elsewhere.
China issues US$8.2 billion in bills in Hong Kong to stabilise yuan amid trade tensions
Move is the latest in a series by China’s central bank that support Hong Kong’s status as a global hub for offshore yuan business.
China’s Central Bank Signals Policy Adjustments Amid Rising Global Risks
The People’s Bank of China said it will adjust the pace and intensity of its policymaking based on economic and financial conditions at home and abroad.
