Bonds issued by China’s local government financing vehicles rallied following the Ministry of Finance’s “largest-in-recent-years” initiative to relieve pressure on their $1.6 trillion debt pile.
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China’s secretive new ‘Thousands Sails’ satellites are an astronomer’s nightmare, 1st observations reveal
The first observations of China’s Qianfan satellites, which were launched in August, suggest that they far exceed the brightness limits suggested by astronomical authorities. Researchers warn that the growing “megaconstellation” could become a major problem…
Asia’s IPO bankers look beyond China slump with US$6 bil week
Listings from Hyundai Motor Co.’s India unit, subway operator Tokyo Metro Co. and Rigaku Holdings Corp. will push IPO volumes in Asia Pacific excluding China past $28 million.
Russian defense minister arrives in Beijing for talks with Chinese military leadership
Russian Defense Minister Andrey Belousov arrived in Beijing on Monday for an official visit. According to a statement by the Russian Defense Ministry, Belousov will engage in a series of discussions with China’s military and…
China’s September lending falls short of expectations
New bank lending in China jumped in September from the previous month but fell short of expectations, as markets await further details on fiscal stimulus measures that analysts say could boost credit growth and galvanise…
China’s yuan is nowhere close to displacing the greenback
As it has attempted to internationalise the yuan and escape the grip America has on the financial system—demonstrated by sanctions against Russia after its invasion of Ukraine—the Chinese government has spent the past decade trying…
Exclusive: HSBC probes China Pinnacle wealth business on costs and control, say sources
HSBC Holdings Plc is reviewing expenses and operational controls at its China digital wealth business Pinnacle, in a move that could result in layoffs and mark an abrupt reversal of the lender’s …
Japanese school in Shenzhen resumes in-person classes after killing of student
A Japanese school in the southern Chinese city of Shenzhen resumed in-person classes on Monday, nearly a month after one of its students was fatally stabbed.
CHINA-BEIJING-WU BANGGUO-CREMATION (CN)
Xi Jinping shakes hands with a family member of Wu Bangguo to express deep condolences in Beijing capital of China
Beijing’s payment facilitation services benefit international visitors
BEIJING — Starting from the second half of this year, a series of payment facilitation services in Beijing have greatly benefited daily transportation, shopping and sightseeing of foreigners in the city.
Oil down 2% as China demand woes erase last week’s gains
Oil prices declined about 2% on Monday, wiping out all of last week’s gains, after China oil imports fell for the fifth month, stoking concern about fuel demand as OPEC cut its 2024 and 2025…
A China ‘Tsunami’ Has Suddenly Hit Crypto As The Bitcoin Price Smashes $65,000
Bitcoin Bitcoin and crypto have surged after China announced it would further support its economy with monetary stimulus—adding to a BlackRock-fueled boom. The bitcoin price has topped $65,000 per …
CryptoQuant: China remains a Bitcoin mining powerhouse despite crypto ban
Despite China’s 2021 cryptocurrency ban, Bitcoin mining continues with resilience, driven by decentralized networks and renewable energy.
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