The SoftBank Group-owned chip firm aims to raise US$5 billion to US$7 billion, and its valuation could end up in the range of US$50 billion to US$60 billion.
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China’s Xi will skip G20 summit in India during a period of soured bilateral relations
Chinese President Xi Jinping is apparently skipping this week’s Group of 20 summit in India as bilateral relations remain icy. The Chinese Foreign Ministry says Premier Li Qiang will represent China …
Biden’s Strategy Toward China Is ‘Doomed to Fail,’ Beijing Says
China criticized the Biden administration’s strategy toward Beijing as being “doomed to fail,” less than a week after Commerce Secretary Gina Raimondo’s visit to the Asian nation aimed at bolstering ties.
Markets rally as China steps up support for economy and Country Garden strikes debt deal – business live
Rolling coverage of the latest economic and financial news
China Says It Is Positive on Improving Relations With Vatican
BEIJING (Reuters) – China has taken a positive attitude on improving relations with the Vatican, China’s foreign ministry said on Monday, in response to Pope Francis’ recent comments regarding the country.
Hong Kong property stocks surge as China takes action to revive property sector
Stocks were also helped by Country Garden Holdings reportedly winning approval to extend repayment on an onshore private bond to 2026.
Bank of China: Digital yuan payment option must be offered in retail scenarios
According to the official, Chinese CBDC has “undergone a major upgrade” in terms of its “organizational forms” and business model …
Ex-NK envoy to China returns home amid eased COVID-19 border controls
North Korea’s former ambassador to Beijing, known to be staying in China due to pandemic-related border controls, has recently returned to Pyongyang as the reclusive country resumed flights last month …
Beijing Stock Exchange reforms will boost appeal, valuations of companies listed on China’s smallest bourse, say analysts
A 19-point set of guidelines issued by the regulator on Friday called for listings of better-quality companies and greater participation by overseas investors The push is part of a drive to shore up …
Beijing, Tianjin, Hebei Sign USD14.4 Billion Investment Projects at China Int’l Trade Services Fair
(Yicai) Sept. 4 — Beijing, Tianjin, and Hebei province have signed 51 major investment projects with a total value of CNY104.5 billion (USD14.4 billion) at the ongoing China International Fair for …
Renault CEO: China very competitive on electric vehicles, Europe needs to catch up
Renault’s chief executive Luca de Meo said on Monday that China was ‘very competitive’ in terms of the electric vehicle market, as Renault also prepared to unveil its new Scenic electric vehicle car model.
China court says virtual assets legally protected as properties
Virtual assets remain legal property protected by law in China, said a Friday report from People’s Court Daily.
Beijing’s biodiversity flourishes through enhanced wildlife protection
As twilight descended upon a forest park in eastern Beijing, a pupil unlatched a blue cage under the guidance of an animal protection professional, letting out a juvenile owl and watching as it flew …