Yahoo Finance’s Jennifer Schonberger analyzes the sectors most likely to be impacted. Meme stocks like GameStop (GME) continue to soar in a second-day rally following the online return of user “Roaring Kitty” on X (formerly…
FINANCE
Biden increases tariffs on $18 billion in Chinese imports in a new warning to Beijing
President Joe Biden is increasing tariffs on $18 billion in Chinese imports across a handful of sectors deemed strategic to national security – an attempt to cripple Beijing’s development of critical …
China Market Update: Tencent Beats While Alibaba Has Mixed Earnings, Though Stock Connect Is A Significant Catalyst
China E-commerce revenue increased by +4% YoY to RMB 93.216B ($12.91B), while international e-commerce gained +45% YoY to RMB 27.448B ($3.802B). Alibaba announced that it will file for Hong Kong to be …
Implications of Biden’s China tariffs, meme trade: Catalysts
Catalysts Hosts Seana Smith and Madison Mills cover the latest developments in the latest meme stock trading frenzy and the Biden administration trade policies as it unveiled an array of new tariffs against China.
Biden hiking tariffs on Chinese EVs, solar cells, steel, aluminum – adding to tensions with Beijing
The Biden administration announced plans to slap new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment — an election-year move that’s likely …
China c.bank seen keeping lending rate on hold, yuan constrains easing
SHANGHAI/SINGAPORE: China’s central bank is widely expected to leave a key policy rate unchanged when rolling over maturing medium-term loans on Wednesday, a Reuters survey showed.
Unleashed Bank Deposits Misused In Chinese Economy
Chinese bank deposits in the trillions of renminbi were vitalized to leave the banking system last month but the money has not yet been well-used in …
China, Russia could bypass barriers to buoy business as Western sanctions bite, researchers say
Finance deals made through smaller Chinese banks would help ‘resolve the threat of secondary sanctions’, according to fresh findings by a Renmin University institute.
China takes drastic action to kickstart economy in ‘crucial moment’ for Beijing
Officials in Beijing have taken drastic steps to stimulate key sectors of its flagging economy by selling off billions of dollars in bonds. The People’s Bank of China has asked for advice on pricing …
China to kick off 1 trillion yuan stimulus bond issues this week
China’s finance ministry plans to start raising 1 trillion yuan ($138 billion) in long-awaited, long-term special treasury bonds this week to raise funds it will use to stimulate key sectors of its flagging economy.
China Said to Plan First Ultra-Long Central Debt Sale on Friday
The Finance Ministry didn’t immediately respond to a request for comment. The Financial Times reported earlier that the People’s Bank of China has asked brokers for advice on pricing the sale of the first batch…
China’s Massive Crackdown: Busts $295 Million Underground Bank in Recent Operation
China busts $295 million underground bank and the authorities have arrested six suspects for their role in illegal cryptocurrency-driven transa …
New release reveals the pulse of China’s financial world
The ACFB was first published in 1986 and has been compiled and published annually, now reaching its 38th volume. Over the almost four decades since its inception, the almanac has chronicled the journey of reform…