Farmers from the heartland have come to depend on Chinese consumers for their livelihood, handing Beijing a potent weapon as it negotiates with Trump.
FINANCE
HSBC China completes key acquisition deal
HSBC China has completed the acquisition of Citi’s retail wealth management portfolio in the Chinese mainland, HSBC said on Tuesday.
China Construction Bank Announces 2025 Extraordinary Shareholders’ Meeting
China Construction Bank ( ($HK:0939) ) just unveiled an announcement. China Construction Bank Corporation has announced its Second Extraordinary …
China restores soybean licenses for U.S. firms, ends log ban
China will restore soybean import licences for three U.S. firms and lift its suspension on U.S. log imports starting November 10, its customs authority said on Friday in another …
As rivalries grow, one financial hub seeks to bridge US, China, India
Since starting as a financial hub in 2015, Abu Dhabi now has more than 300 financial firms, which manage a combined $28.6 trillion in assets—not far short of the value of America’s entire annual gross…
China’s central bank buys gold for 12th straight month
China’s central bank continued its gold accumulation in October, marking the twelfth consecutive month of additions to its reserves. Holdings increased to 74.09 million fine troy ounces, a 1.8% rise …
China borrows as cheaply as US in dollar bond market
China’s finance ministry issued $4bn of dollar bonds in Hong Kong, with the 3-year bond paying a coupon of 3.625 per cent, on par with US Treasury equivalents, and priced to yield 3.646 per cent,…
Trump Plans One-Year Pause on Port Crane Duties, China Ship Fees
The office of US Trade Representative Jamieson Greer said Thursday it was soliciting feedback on the one-year truce. The trade office proposed pausing tariffs on imports of ship-to-shore cranes and …
Nvidia CEO Says China ‘Will Win’ the Global AI Race as the U.S. Falls Behind in Energy
It’s all thanks to China’s energy policy, Nvidia’s Jensen Huang claims. The chief executive of AI darling Nvidia has a sharp prediction about who will dominate the global AI market. “China is going to …
China matches US Treasury yields for the first time in $4B dollar bonds
China issued $4 billion in dollar-denominated bonds in Hong Kong, with rates matching those of US Treasury yields for the first time.
China Sells Dollar Bonds at Same Yield as US Treasuries
China sold $4 billion of dollar-denominated bonds, with half of the notes priced at no yield premium versus Treasuries, as easing trade tensions with the US helped boost investor confidence in Asia’s …
Nvidia makes clarification on CEO’s ‘warning’ to US on China; says: It is vital that America …
Nvidia CEO Jensen Huang clarified remarks, stating China is ‘nanoseconds behind America’ in AI, not winning the race. He emphasized America’s need to lead by engaging global developers, including …
China’s banking sector assets growing steadily: regulator
The assets of financial institutions in China’s banking sector grew 7 percent year-on-year to 423.8 trillion yuan ($59.43 trillion) at the end of July, Xiao Yuanqi, deputy head of the National …
