After the Hong Kong close and before the US open, Alibaba told filed with the Hong Kong Stock Exchange that, during Q1 2024, the company spent $4.8 billion buying back 65 million ADRs, representing …
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Is China’s economy finally bottoming out?
No surprise then to see China’s manufacturing investment beginning to bounce back a bit more convincingly: Overall factory investment rose nearly 10% year over year in January and February. Investment …
China’s Largest Bank to Provide $41 Billion in Tourism Financing
The Industrial & Commercial Bank of China Ltd. will offer 300-billion yuan ($41 billion) in financing to boost the nation’s tourism sector amid sluggish consumer spending in the world’s second-largest …
China’s Economy Sees Bright Spot As Country’s Largest Bank Funds $41B In Tourism
To revive the country’s tourism sector, the Industrial & Commercial Bank of China Ltd (ICBC), the country’s largest bank, has pledged to provide financing for 300 billion yuan ($41 billion). What …
Bank of China says net interest margin will continue to face pressure
Bank of China (BoC) said its net interest margin – a key gauge of profitability – will still face significant pressure this year.
Bond Comments by China’s Xi Hint at Possible Expansion of PBOC Toolkit
In remarks made in October but only published recently, Chinese President Xi Jinping called for the People’s Bank of China to supplement its monetary policy toolbox and gradually step up trading of …
‘Very bad idea’: US-China full-scale trade war unlikely but soft-power gap will persist, top scholar says
Global affairs expert Joseph Nye shares his assessments of what China has done right, and what will hold it back.
China property firm Country Garden suspends shares
Crisis-hit Chinese property developer Country Garden has suspended trade in its shares on the Hong Kong Stock Exchange after delaying the publication of its annual financial results. The firm said …
China: Foreign Direct Investment Hits 30-Year Low
A collapse in foreign direct investment into mainland China has brought FDI to a 30-year low. Beijing’s State Administration of Foreign Exchange (SAFE) reports inbound investment from foreign sources …
China could drive Africa’s renewable energy revolution, report says
China has a unique opportunity to drive forward an energy revolution in Africa, but it must first reverse nearly two decades of neglect of green power investments there, research from Boston …
US economy strengthens, sluggish China welcomes FDI as investments pour in
Chinese economy is slowing down yet it has emerged as a new destination for global investors. It is felt that when the economy recovers it will bring excellent returns …
China Stock Market May See Profit Taking On Tuesday
(RTTNews) – The China stock market has moved higher in three straight sessions … The SCI finished sharply higher on Monday following gains from the financial shares and mixed performances from the …
China’s banks cut salaries, rescind bonuses amid economic slowdown and Beijing’s financial reshuffle
China’s 12 national joint-stock banks reported deep salary cuts last year, while 10 lenders also demanded employees return performance-based bonuses, amid Beijing’s ongoing efforts to reshape the …
