HSBC Holdings reported a sharper-than-expected drop in profit on Wednesday, hurt by write-downs from exposures to a Chinese bank and Hong Kong real estate, while the bank pushed ahead with a global restructuring.
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CNBC’s The China Connection newsletter: Betting on Shenzhen over Silicon Valley
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HSBC profit tumbles as China losses mount
China to earmark 90 billion yuan for childcare subsidies
BEIJING — China’s central budget will allocate 90 billion yuan (about $12.6 billion) this year to support the issuance of childcare subsidies, the Ministry of Finance said Wednesday.
Trump Set to Make Final Call on China Tariff Truce Extension
US President Donald Trump is set to make the final call on maintaining a tariff truce with China before it expires in two weeks, an extension that would mark a continued stabilization in ties between…
China earmarks $12.5 billion budget for 2025 childcare subsidies
China’s finance ministry on Wednesday said it had earmarked 90 billion yuan ($12.54 billion) as an initial budget for childcare subsidy payments this year, after authorities announced the payment …
Nvidia supplier Victory Giant unveils plans for Hong Kong share offering
The page you were looking for appears to have moved or never existed. Try searching for what you’re looking for or browse some of our favourites below: …
China’s Ruling Party to Hold Plenum on Five-Year Plan in October
China’s ruling Communist Party will hold its next key conclave in October, according to the official Xinhua News Agency, meeting to chart the nation’s development for the next five years as it contends with risks…
Analysis: China’s clean-energy exports in 2024 alone will cut overseas CO2 by 1%
China’s exports of clean-energy technologies such as solar panels, batteries and electric vehicles are increasingly helping to cut emissions in other countries.
CNBC Daily Open: Time’s running out before April tariffs boomerang on China
The much-anticipated U.S.-China trade talks in Sweden turned out to be a letdown after it concluded Tuesday with no trade truce extension.
HSBC first-half profit slumps 26% as China losses mount
HSBC Holdings reported a 26% slide in first-half pretax profit on Wednesday, missing analyst estimates, as impairments from its investment in China’s Bank of Communications and exposure to Hong Kong …
‘Pervasive sense of fear’: China steps up exit bans
The opaque restrictions existing in China risk damaging foreign business confidence, experts and investors warn.
Bitcoin Price Awaits Fed Clarity Following Constructive US-China Trade Talks
Crypto markets tread water as U.S.-China trade discussions yield no firm breakthrough, with tariff extension talks still unresolved.
China’s EV ascent rewires auto ties with Europe
set sail from China to Europe with 6,817 BYD new energy vehicles (NEVs) on board, marking a notable shift in the world’s largest auto market, once dominated by European brands. Two weeks later, …
Mercedes Sees Earnings Drop Over Tariffs, China Competition
Mercedes-Benz Group AG reinstated guidance at a lower level, citing pressure from President Donald Trump’s tariffs and tough competition in China, where local brands are dominating on electric …
