This year has seen a new trend in China’s auto market: The sales of new energy vehicles (NEVs) from domestic automakers such as BYD and GAC Aion continue to rise, while joint venture brands face…
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Ant-Backed Rural Lender Chongho Weighs $500 Million Hong Kong IPO
Chongho Bridge Credit Agricultural Group Co., a Chinese rural bank that offers microcredit and micro-insurance to small businesses, is considering a Hong Kong initial public offering that could raise …
China’s industrial profits surge 11.9% in September
BEIJING — China’s major industrial firms saw their profits surge 11.9 percent in September from the same period last year, data from the National Bureau of Statistics showed Friday.
Australia’s $145M exchange scandal, Bitget claims 4th, China lifts NFT ban: Asia Express
Cops bust Australian crypto and fiat money laundering exchange, Bitget now 4th largest exchange, China partially lifts NFT ban.
Is BRICS expansion just a power play for China?
The BRICS alliance, initially a beacon of emerging market collaboration, has recently unveiled a grandiose scheme to widen its influence, directly challenging the established global order. In August, …
Former Premier Li Keqiang, China’s top economic official for a decade, has died at 68
He was 68. Li was China’s No. 2 leader in 2013-23 and an advocate for private business but was left with little authority after President Xi Jinping made himself the most powerful Chinese leader in…
Protocol Village: IoTeX Blockchain to Integrate With Solana for ‘IoT-Connected Projects’
The latest in blockchain tech upgrades, funding announcements and deals. For the week of Oct. 16-22, with live updates throughout.
Hong Kong’s Second Biggest IPO of Year to Seal Founder’s Fortune
Another billionaire has been minted thanks to the online shopping boom that’s expanding from China to Southeast Asia.
Fintech Jitters, PE’s Foothold, Crypto Not the Culprit? (Future of Finance | Week in Review)
A weekly five-point roundup of critical events in fintech, the future of finance and the next wave of banking industry transformation.
U.S. Trade Loophole Fuels Rise of China’s New E-Commerce Firms
A law that allows low-price packages to enter the U.S. duty-free and with little customs scrutiny has enabled the breakneck growth of two e-commerce companies with roots in China, Shein and …
Labeling China, Russia and Iran as new ‘Axis of Evil’ will not neutralize the threats they pose
Putin and Xi Jinping plot to outplay Biden in the Israel-Hamas conflict and the broader Middle East. Washington needs to work to tear the two allies apart not push them closer.
UPDATE 1-China’s net gold imports via Hong Kong fall 11% m/m in September
Oct 26 (Reuters) – China’s gold imports via Hong Kong fell in September from the previous month but rose compared to the year earlier, the Hong Kong Census and Statistics Department data showed on …
Standard Chartered Shares Plunge 17% as China Bet Takes Hit
Standard Chartered has seen a massive plunge in its share price riding on its slumped pre-tax level from the prior year per its China bet.
