Fidelity International has obtained Chinese regulatory approval to conduct business in China’s $3.7 trillion mutual fund industry. China Securities Regulatory Commission granted a licence that enables …
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Temasek-backed crypto group Amber to end Chelsea FC sponsorship, axe over 40% of jobs in FTX fallout
Amber Group, one of Asia’s leading crypto trading and lending platforms, is cutting jobs, scrapping retail operations and terminating a sponsorship deal with Chelsea FC in the latest retrenchment to …
Morgan Stanley upgrades Vale, says China reopening and iron ore price jump could help mining stock
Vale has a “cocktail of positive catalysts” that will boost the stock in 2023 and beyond, according to Morgan Stanley. Analyst Carlos De Alba upgraded Vale to overweight from equal weight and upped …
China regulators, state banks split staff as fears mount about new COVID outbreaks-sources
Chinese regulators and state-owned banks are taking steps to split staff at their workplaces in Beijing, sources told Reuters, as businesses brace for a possible spike in COVID cases after China …
Global Economic Chiefs Laud China’s ‘Decisive’ Zero-Covid Reversal
Global economic leaders on Friday hailed China’s move away from its hardline zero-Covid policy, with the IMF chief saying the “decisive actions” would help revive growth both in the country and …
Crypto Trading Firm Amber Group Ditches $25M Chelsea Sponsorship Deal Amid Layoffs: Report
Singapore-based cryptocurrency trading firm Amber Group is terminating a $25 million sponsorship deal with football club Chelsea FC, according to a Bloomberg report, citing a source. Amber Group, …
China to launch SSE 50 stock index options trading from Dec 19 – regulator
China securities regulator on Friday agreed China’s Financial Futures Exchange to launch SSE 50 stock index options trading from Dec. 19, China Securities Regulatory Commission said in a statement on …
Across China: Blockchain technology makes millennium-old grottoes more accessible
China launched a cultural heritage digital platform supported by blockchain technology to share digital renderings of six millennium-old grottoes sites in northwest China’s Gansu Province with people …
Xiamen International Bank Said to Weigh $1.3 Billion HK IPO
Xiamen International Bank Co., set up almost four decades ago with both local and foreign investors, is considering a Hong Kong initial public offering that could raise about HK$10 billion ($1.3 …
UPDATE 1-China’s Weilong Delicious to raise $130.6 mln in Hong Kong IPO
Chinese snack food maker Weilong Delicious Global Holdings is set to price its shares at HK$10.56 each in its Hong Kong initial public offering to raise $130.6 million, according to two sources with …
China’s Heat Wave Is the Biggest Supply Chain Disruption of the Year: So, What’s the Solution?
Even though heat waves and natural disasters have been bringing the global supply chain to a grinding halt asynchronously over the years, it doesn’t have to continue this way.
Alibaba, Nio Rise: Hang Seng Opens Higher On Easing China Inflation, Strong Wall Street Cues
Company News: Alibaba Group Holding is intending to cultivate 200,000 new influencers to expand its live-streaming business, reported the South China Morning Post. Nio is set to hold NIO Day 2022 on …
China’s inflation will probably stay below 3% in the next 12-18 months, Credit Suisse says
Jack Siu of Credit Suisse says the country’s consumer price index is likely to remain “steady” within the range of 1-3% in the foreseeable future.
