Hong Kong is taking steps towards legalising retail trading of crypto assets, in a reversal that contrasts Beijing’s crackdown on such transactions in mainland China. The Chinese territory’s …
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Stellantis Jeep joint venture in China to file for bankruptcy
GUANGZHOU: The venture between Stellantis and Guangzhou Automobile Group Co (GAC) producing Jeep vehicles in China will file for bankruptcy, the companies said today, after a lengthy decline for the …
Wall Street accused of whitewashing China crackdown in Hong Kong
Hong Kong’s government invited Wall Street’s biggest names to a summit to show the financial hub is open for business after nearly three years of isolation due to pandemic curbs. Instead, top bank …
China’s Geely to spin off and list its Zeekr electric car brand
SHANGHAI: Geely Automobile said on Monday (Oct 31) it plans to spin off its high-end Zeekr electric vehicle brand and list the unit. The terms of the proposed spin-off, including listing venue, …
US suggests EU consider using export controls to target China: Report
The conversations came up as European Union and US officials are negotiating the agenda for their next high-level trade forum in early December.
US Suggests EU Consider Using Export Controls to Target China
The US has raised with European allies the idea of drawing upon lessons from the export control regime they’re using to punish Russia to target China, according to people familiar with the matter. Mos …
Pharma Resources (Shanghai)’s IPO to debut on Shenzhen Stock Exchange
Pharma Resources (Shanghai) (301230) to start trading on the Shenzhen ChiNext Market Nov 1, tomorrow. The firm has issued 19.25 mln shares priced at RMB 40 per share raising RMB 770 mln. Its …
Hong Kong builds new springboard to top global IPO league with Saudi Aramco approach, tech listing reforms
Bourse operator is setting up offices in New York and Europe to reach global prospects and recently approached Saudi Aramco to list in Hong Kong New set of listing reforms will entice companies with …
China’s factory activity drops, bogged down by more Covid controls
China’s factory activity declined in October due to frequent Covid outbreaks, the National Bureau of Statistics said Monday.
Economic Watch: Global firms upbeat on China’s opening-up pledge
With the global economy facing multiple challenges including elevated inflation and the lingering coronavirus disease 2019 (Covid-19) pandemic, China’s pledge of furthering opening-up will serve as a …
China PMI shows weaker economy in October. November will probably be worse.
China’s PMI indices show that the economy was weak in October. Rising Covid cases, further contraction in construction and a possible contraction …
Stellantis says Jeep joint venture in China to file for bankruptcy
The venture between Stellantis and Guangzhou Automobile Group producing Jeep vehicles in China is filing for bankruptcy, Stellantis said on Monday.
Workers at major Apple supplier Foxconn are fleeing China’s biggest iPhone factory amid Covid fears
The facility located in the central Chinese province of Henan employs over 200,000 workers who make half of the world’s iPhones.
