China has set up the country’s largest-ever semiconductor investment fund to propel development of the domestic chip industry, the latest effort from Beijing to achieve self-sufficiency as the US …
FINANCE
China sets up third fund with $47.5 bln to boost semiconductor sector
China has set up its third planned state-backed investment fund to boost its semiconductor industry, with a registered capital of 344 billion yuan ($47.5 billion), according to a filing with a …
China sets up $47.5 billion state fund to boost semiconductor industry
China has set up a new state-backed investment fund with registered capital of 344 billion yuan ($47.5 billion) to boost the country’s semiconductor industry. The third phase of its national …
‘Asset famine’ in China curbs central bank’s bond trading ambitions
A scarcity of low-risk assets in China’s financial sector is obstructing the central bank’s plans to make its monetary policy toolkit more efficient with a return to the treasury bond market after a …
China enhances Swap Connect in further financial opening-up
In a bid to further promote the coordinated development of financial derivative markets in both the Chinese mainland and the HKSAR, the People’s Bank of China, the Securities and Futures Commission of …
China’s middle class still jittery about spending – especially on property, survey finds
Index of household spending expectation is even lower than the early days of the Covid-19 pandemic, researchers say in quarterly report.
China’s looming economic stagnation echoes Japan’s lost decade
Economists cited by the American weekly Newsweek assess that the Chinese economy may enter a period of prolonged stagnation. In their opinion, China’s collapse in the real estate market and …
G7 finance summit kicks off seeking unity on Ukraine, China
Finance chiefs from the Group of Seven industrial democracies began a two-day meeting in Italy on Friday seeking to present a common front on the need to provide a loan to Ukraine and oppose China’s…
G7 finance chiefs express concerns about China’s industrial overcapacity
The finance chiefs and central bank governors of the Group of Seven countries have expressed concerns about China’s industrial overcapacity.
China Development Bank ups support for sci-tech companies
BEIJING — The China Development Bank, a major policy bank in the country, has stepped up its medium- and long-term financing support for science and technology enterprises.
China’s EV market could soon face a brutal reckoning
A recent report that despite EV adoption in China being expected to grow this year, there are still “far more EV companies than can possibly survive.” …
US pushes for Ukraine aid, united front against China’s trade practices at G7 finance meeting
The U.S. sought to build support for squeezing more money for Ukraine out of frozen Russian assets and for uniting against China’s trade practices as finance ministers from the Group of Seven rich …
China’s Currency Plans May Make Donald Trump’s Head Explode
The plot surrounding China’s currency thickened this week as the nation’s central bank loosened its grip on the yuan.
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