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October is the worst month for Asia IPOs since 2019 as China Drags
Fundraising through new share sales in Shenzhen, Shanghai and Beijing combined plunged 71% to $1.1 billion in October from a year ago, the data shows. While China was one of the busiest corners in the…
Singapore defense minister calls on China to take the lead in reducing regional tensions
Singapore’s defense minister urged China as a dominant power in Asia to take the lead in reducing tensions in the region, warning that a military conflict like the one in Ukraine or the Israel-Hamas war…
China’s Shenzhen continues electric bus revolution, other cities to follow suit
Shenzhen ditched diesel buses and went fully electric in 2017, a world first, with its taxi fleet not far behind. Other Chinese cities have since followed suit, with many aiming to fully switch their …
Facing Population Decline, China’s Xi Promotes ’Childbirth Culture’ for Women
Xi Jinping underscored his concerns about China’s shrinking population and his more conservative social views about women’s roles in a speech Monday.
What China wants from Israel-Hamas war
There are hopes China could tap into its close relationship with Iran, which backs Hamas in Gaza and Hezbollah in Lebanon, to de-escalate the situation. US officials apparently pressed Mr Wang to “urge calm” with…
Exclusive: China’s CNOOC, two chemical firms looking at Shell Singapore assets – sources
At least three Chinese companies including state giant China National Offshore Oil Company (CNOOC) are evaluating Shell’s Singapore assets and considering non-binding bids in coming weeks for the city-state’s oldest refinery,
China slump turns October into the worst month for Asia IPOs since 2019
Companies and their shareholders across the region raised about $3.89 billion through IPOs since the end of September, Bloomberg-compiled data shows. That’s a drop of 40% versus the same period last …
China’s top spy agency warns of ‘gene weapons’ able to target specific ethnicity or race
Some nations targeting Chinese population for ‘ulterior motives’, China’s Ministry of State Security says on official WeChat account without offering details or evidence in support of claim.
Chinese factory activity contracts in October as pandemic recovery falters
An official survey of manufacturers shows China’s factory activity contracted in October, suggesting the economy remains on uneven footing. The purchasing managers’ index, or PMI, fell to 49.
U.S. chip curbs put Nvidia’s $5B of China orders at risk – report
The latest U.S. export restrictions on high-end chips may force Nvidia (NASDAQ:NVDA) to cancel billions of dollars worth of orders to China due next year, the Wall Street Journal reported, citing …
Beijing’s credit supply expands, financing costs decline
In the first three quarters of the year, Beijing witnessed a steady increase in its total credit supply, with 1.02 trillion yuan (US$139.13 billion) in new loans issued, surpassing the previous year by 222.
China’s short-term money rates spike, markets expect more policy easing
China’s short-term money rates spiked on Tuesday, the last trading day of the month, driven up by higher seasonal demand for cash, while markets continue to expect the central bank to inject more liquidity in…
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