Pony.ai, a leading global autonomous driving technology company, announced on November 25 in Beijing that it had received approval to run paid autonomous Robotaxi services in the Beijing Intelligent …
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US-China tech war: Beijing’s efforts to catch up in advanced chips on hold as country’s attention turns to mature nodes
China has made a course correction in its quest for semiconductor self-reliance, focusing instead on boosting production of mature technologies after its access to high-end tech like EUV was blocked …
2021 Chinese Private Banking Performance: Profiles for Leading Players Including WeBank, Suning Bank and Bank of Sanxiang
The “2021 Chinese Private Banks Report” report has been added to ResearchAndMarkets.com’s offering. The 2021 Chinese Private Banks Report provides a comprehensive overview of the 19 private banks …
China’s Xi Pledges $10 Billion Credit Line for African Financial Institutions
Chinese President Xi Jinping on Monday said a China-Africa cross-border yuan centre would be set up to provide African financial institutions with a credit line of $10 billion. China will also offer …
China Finance Online Reports First Half of 2021 Unaudited Financial Results
China Finance Online Co. Limited (“China Finance Online”, or the “Company”, “we”, “us” or “our”) (NASDAQ GS: JRJC), a leading web-based financial services company that provides Chinese retail …
China Faces More Growth Risks, Increased Policy Support in 2022
Economists expect Chinese authorities to boost fiscal and monetary support next year after a relatively restrained approach for most of this year. The People’s Bank of China last week signaled an …
China foreign exchange regulator fines Tencent’s Tenpay for misconduct
China’s foreign exchange regulator said it fined Tencent Holding’s Tenpay for violating foreign exchange rules, as authorities step up supervision of the country’s fintech industry. The State …
China says omicron no threat as it doubles down on elimination
Travellers into Hong Kong have to isolate in a hotel for up to three weeks under harsh restrictions which business says is further hurting its status as an international finance hub. Zhong Nanshan, …
China Needs Cut to Inequality for Common Prosperity: PBOC’s Cai
China needs to cut its Gini coefficient, a measure of income inequality, to under 0.4 in order to achieve common prosperity, an adviser to the country’s central bank said. The Gini coefficient should …
China Developers Face $1.3 Billion in December Bond Payments
China’s stressed developers face nearly $1.3 billion of bond payments in December, after a month in which investor sentiment toward the property sector showed signs of stabilizing despite fresh signs …
Tims China Announces Strategic Partnership with METRO China
TH International Limited, together with its wholly owned subsidiaries, (“THIL” or “Tims China”) announced today a strategic partnership with METRO China, a leading retailer and joint venture of Wumart …
Renminbi surge shows traders’ faith in hands-off central bank
The PBOC has set the currency’s daily reference rate at only mildly weaker-than-expected levels.. Read more at straitstimes.com.
PBOC Official: Central bank will maintain ample liquidity to support employment
An official from the People’s Bank of China (PBOC) indicated on Monday that the country’s central bank will be keeping the liquidity taps open. “PBOC will enact prudent monetary policy.” “Will …
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