One expert said he expected loosened controls on U.S. exports of semiconductors in exchange for China’s releasing of more rare earths.
FINANCE
Pop Mart’s Labubu becomes bait for China’s Ping An Bank to lure young customers
Retail banks on the mainland struggle to attract young customers amid low deposit rates and customer declines, analysts say.
Trump tariffs live updates: US-China trade talks resume on Tuesday after signs of progress
Trade talks between the US and China resumed on Tuesday after six hours of discussions between top officials in London on Monday. Tuesday’s talks are expected to continue to focus on easing tensions …
China can shrug off U.S. tech controls, thanks to open-source design and chip packaging techniques, says Huawei’s founder
Nevertheless, Ren Zhengfei cautioned that Huawei still isn’t quite as successful as the U.S.’s fears make it seem.
Stock market today: Dow, S&P 500, Nasdaq futures fluctuate as US-China trade talks enter second day
US stock futures were stuck in a holding pattern on Tuesday as renewed US-China trade talks entered their second day after an upbeat initial meeting. Futures on the Dow Jones Indu …
Former ICBK chief alleges China’s largest bank fired him over efforts to comply with Canadian laws
Lubin Wang claims in a lawsuit he faced retaliation as he pushed for adherence to laws aimed at preventing foreign interference …
People’s Bank of China (PBoC): What It Is and Responsibilities
is the central bank of the People’s Republic of China and is located in Beijing. The PBoC has many functions in China’s monetary system, including: The PBoC’s foreign exchange reserves have …
Banking With Beijing
But Beijing’s largess has already ensnared smaller countries in debt with unsustainable mega-projects, and some in Kuala Lumpur see the Chinese characters on the wall.
China Bans Bank From Luring Depositors With Popular Labubu Dolls
A Chinese lender’s stunt to woo depositors with gifts including the wildly popular Labubu dolls has been barred by financial regulators, underscoring the increasingly fraught battle among banks for …
China’s $1.1tn asset manager becomes star player on ‘national team’
From recapitalising rural banks to propping up the stock market, Central Huijin, an arm of China’s sovereign wealth fund, has supported the country’s financial system since its launch two decades ago.
China EV price war flags possible financial stress in domestic auto industry
CNBC’s Eunice Yoon takes a look at the implications of the EV price war in China’s auto showrooms and BYD’s role in the race to the bottom.
Trump tariffs live updates: US-China trade talks to continue on Tuesday after signs of progress
The US and China will continue trade talks on Tuesday after six hours of discussions between top officials kicked off in London on Monday. Tuesday’s talks are expected to continue to focus on easing …
China Taps $1.5 Trillion Fund to Ramp Up Housing Market Support
China is tapping an often overlooked pool of funds worth 10.9 trillion yuan ($1.5 trillion) to salvage its housing sector, offering people an alternative to bank mortgages.
