Gold fell in the early Asian session on reports that China is ending a tax incentive for sales of the precious metal, effective Nov. 1.
FINANCE
Bitcoin Eyes Liquidity Race As Fed Injects $29 Billion While China Floods Markets
The Fed’s $29B repo injection and China’s record liquidity push signal a global easing wave that could ignite Bitcoin’s next major rally.
Trump tariffs live updates: White House releases new details on US-China trade deal, including curbs on rare earth export controls
Yahoo Finance is chronicling the latest news and updates on President Trump’s plans to impose tariffs on goods from other countries.
Asian Infrastructure Investment Bank confirms plan for Hong Kong office next year
Preparatory work is progressing well, the Post has learned from the Beijing-headquartered multilateral development bank.
China’s wealthy flock to Hong Kong for global investment opportunities, banker says
An increasing number of wealthy customers from mainland China are using Hong Kong to diversify their investments and expand their businesses globally, according to a senior executive of Hong …
More suspects detained as rural banking scandal rolls on in Henan
From April 18, four rural banks in Henan suspended their online services, leaving customers unable to access their funds, which has quickly aroused outrage. Later that month, Henan New Fortune Group, …
How Beijing’s Double Standards are Shaping World Order
The Chinese government has perfected the art of having it both ways. It is at once the world’s second-largest economy and a self-styled “developing country”, a lender and aid recipient, aggressor and …
China Pays Interest in Gold Now
The newest info to that effect is China is now paying interest to Gold holders in Gold itself as seen in the picture above. The core argument here is that China is expanding the usability…
Beijing Energy Secures New Financial and Leasing Agreements
An update from Beijing Energy International Holding ( ($HK:0686) ) is now available. Beijing Energy International Holding has entered into two …
China’s Big Six banks post profit, revenue growth in first three quarters
In the first three quarters, China Construction Bank achieved operating income of 560.28 billion yuan, representing a year-on-year increase of 1.44 percent. Its net profit reached 258.45 billion yuan, …
China needs 4.17% annual GDP growth to meet 2035 goal, publication shows
China is confident it will achieve an annual average growth rate of 4.17% over the next decade, the level needed for it to become a medium-level developed country in terms of GDP per capita by…
Beijing financial forum promotes globally connected finance for win-win cooperation
“The UAE and China share a partnership built not only on commerce, but on confidence and shared ambition,” said Alhawi at the China-UAE Two-Way Investment and Financial Market Integration sub-forum, …
FirstFT: Donald Trump and Xi Jinping react to US-China trade truce
How Trump and Xi are reacting: “It was an amazing meeting,” the US president told reporters aboard Air Force One as he flew back to Washington on Thursday. “On a scale of 0-10, with 10…
