Overall, Chinese merchants are relatively optimistic,” says Bear Huo, China general manager at FundPark, a fintech startup.
Tagged By beijing
US asks China to dissuade Iran from closing Strait of Hormuz oil route
Roughly 20% of global oil passes through the Strait; US urges Beijing to act as Iran’s parliament backs closure plan after US strikes on nuclear sites …
Growing China trade prompts Hong Kong joint venture for Saudi cargo carrier
Saudi story’ is rapidly growing across all sectors, creating many long-term opportunities for the logistics player, CEO says.
China’s Mainland-Hong Kong Payment System Launch Sparks Fintech Stock Rally
The People’s Bank of China and the HKMA launched the Payment Connect yesterday, according to the HKMA’s recent press release. The system links the mainland’s Internet Banking Payment System (IBPS) …
Northern China and Beijing hit with intense heatwave
Beijing and multiple regions across northern China are battling with intense heatwaves this week, triggering meteorological authorities to issue orange high-temperature alerts as temperatures soar …
China Voices Concern About Impact of Conflict on Shipping
China’s Foreign Ministry called for greater efforts to maintain stability in the critical shipping lanes of the Persian Gulf, and said Beijing was in touch with Iran about the ongoing conflict. The Strait of Hormuz,
MiniMax and Moonshot Intensify AI Race as IPO Pressure Mounts for China’s “Six Tigers of Large Models”
With both companies launching new models and products in rapid succession, the rivalry reflects intensifying competition among the so-called “Six Tigers of Large Models” — MiniMax, Moonshot, Zhipu AI, …
China Asks State-Owned Developers to Avoid Public Debt Defaults
China has introduced a requirement for state-owned developers to avoid defaulting on publicly issued debt, in the latest attempt by authorities to contain the nation’s prolonged property crisis.
China News Live: China’s foreign ministry to hold daily news conference
Welcome to our live blog tracking the latest news and developments from China. Stay updated with real-time insights into the country’s economy, politics, civic issues, and security situation.
Chinese mainland, HK launch Payment Connect, with first real-time cross-boundary transaction done in Shenzhen
The Payment Connect was officially launched between the Chinese mainland and Hong Kong on Sunday. It marks the interconnection of the faster payment system between the Chinese mainland and tSAR), …
China Land Sales Income Hits Decade Low, Widening Budget Deficit
China’s revenue from selling land plunged to the lowest in a decade, contributing to the widening of budget deficit as the government ramped up spending in support of the economy.
China’s Hellobike sets up new robotaxi firm with Ant Group, CATL
China’s bike-sharing platform Hellobike announced on Monday the setup of a new robotaxi firm jointly with Ant Group and CATL. The three parties have invested over 3 billion yuan ($417.40 million) in …
Blockchain Alliance International Launches Asia-Pacific Digital Economy Initiative in Hong Kong
Blockchain Alliance International (BAI), a New York-based non-profit organization in special consultative status with the United Nations Economic and Social Council (ECOSOC), is proud to announce the …
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