New bank loan issuance in China likely plunged in July from June, a Reuters poll showed on Thursday, weighed down by weak credit demand and seasonal factors even as the central bank keeps monetary …
FINANCE
China’s ‘big five’ banks pressured by consumer woes
Deflationary pressures have been weighing on China’s economy, with real wages at non-state-owned companies rising just 1.7 per cent in 2024, according to the latest official data available. A real …
China, Hong Kong stocks set for capital rush with 6 Fed rate cuts incoming: Lombard Odier
Funds worth US$7 trillion will shift into equities and bonds, with Thailand, Singapore and Hong Kong benefiting, Swiss private bank says.
Nvidia’s China-based rival posts 4,300% revenue jump as chipmakers’ earnings reported no H20 chip sales to the country
Cambricon, a China-based semiconductor firm, posted record profit in the first half of the year, along with revenue that surged roughly 4,300%. The earnings, released late Tuesday, serve as an example …
US warns China-linked groups may be laundering billions for Mexican cartels
Networks linked to China may have laundered some $300bn through US banks in the past five years, according to the US Treasury, warning institutions to be vigilant to the schemes that often benefit …
Nvidia earnings beat Wall Street’s sky-high expectations, but the stock fell because ‘there were no H20 sales to China-based customers’
Nvidia recorded no China sales revenue for H20 chips and reported revenue that narrowly beat Wall Street targets in the second quarter, as the AI chipmaker reported financial results on Wednesday. The …
China banks warn on using credit cards to fund stock trading as bubble fears grow
Chinese stocks added more than US$1 trillion in market value in August alone. Read more at straitstimes.com. Read more at straitstimes.com.
Trump tariffs live updates: Mexico bows to Trump with new tariffs on China; 50% India tariffs in effect
Mexico is set to join the US with tariffs and will raise duties on Chinese goods under its 2026 budget plan, Bloomberg reported on Wednesday. The proposal, due next month, targets cars, textiles, and …
Investors are looking at bargains in China, says HSBC investment boss, pushed by AI discounts and fears over Trump 2.0
HSBC’s Willem Sels tells Fortune in an exclusive interview that while U.S. markets remain resilient, geopolitical uncertainty is pushing investors to diversify portfolios—particularly into China.
Asia Morning Briefing: Stablecoins Offer Beijing What e-CNY Can’t in Cross-Border Use, Economist Says
Dollar dominance thanks to stablecoins is pushing China to explore stablecoins, but capital controls limit the project to Hong Kong’s offshore renminbi market, where liquidity is thin.
Nvidia earnings beat Wall Street’s sky-high expectations, but the stock is falling because ‘there were no H20 sales to China-based customers’
Nvidia recorded no China sales revenue for H20 chips and reported revenue that narrowly beat Wall Street targets in the second quarter, as the AI chipmaker reported financial results on Wednesday. The …
Former China central bank governor urges caution amid stablecoin frenzy
Zhou Xiaochuan stresses need for vigilance to prevent digital currencies being used for excessive speculation.
Nvidia forecasts higher revenue as China clouds future
Nvidia forecast third-quarter revenue above market estimates on Wednesday, helped by robust demand for its AI chips, but shares fell as its on-hold China business remained uncertain. Nvidia also said …
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