China’s central bank injected short-term funds through open market operations on Friday, bringing the weekly net cash support to the highest in two months.The People’s Bank of China (PBOC) said it …
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China tech giants invest like there’s no stock slump
Amazon’s stock rose 6.5% during 2021, while its closest Chinese equivalent, Alibaba, lost nearly half its market capitalization. So why is Alibab …
China manufacturing activity continues to expand, beating exceptions in December
The official manufacturing purchasing managers’ index (PMI) rose to 50.3 in December, up from 50.1 in November The official non-manufacturing PMI, which measures business sentiment in the services and …
China issues 107.4 mil mt in first batch crude import quotas for 2022
China’s Ministry of Commerce has issued 107.4 million mt in crude import quotas to 36 qualified independent and non-major state-owned refineries in the first batch for 2022, falling 9.4% from the same …
Bitcoin Is Braced For A $6 Billion Earthquake As A Crypto Price Crash Hits Ethereum, BNB, Solana, Cardano And XRP
Bitcoin traders are braced for option contracts worth more than $6 billion to expire on News Year’s Eve—one of the largest options expiries this year that could fuel price …
China’s top 10 tycoons add US$100 billion of wealth while Alibaba, Tencent and Meituan founders surrender US$29 billion in market’s worst year since 2008
A 68 per cent rally in Tesla battery supplier CATL has enriched founder Zeng and a group of top executives The founders of Alibaba, Tencent and Meituan, the trio at the centre of China’s tech…
China Favors Mega-Refiners in Cutting Crude Oil Import Quota
China’s government cut the amount of crude oil import quota awarded to independent oil refiners and favored large, complex processors as it seeks to overhaul the sector. Beijing granted 109 million …
Crypto Biz: The blockchain revolution will cast aside the skeptics, Dec. 23-30
Crypto prices are ending the year with a whimper, but the business of blockchain is as strong as ever heading into 2022.
HSBC Cleared to Take Full Control of China Life Insurance Business
HSBC won regulatory approval to take full control of its life insurance joint venture in China as the global banking giant increases its bet on business in the world’s most populous market. The …
RCEP: China says world’s largest trade pact gives it ‘powerful leverage’ to cope with 2022 challenges
Regional Comprehensive Economic Partnership comes into effect on Saturday for most of its 15 members, which account for nearly a third of the global population More than 90 per cent of merchandise …
China’s regulator cites investment bank CICC for negligence in arranging Lenovo’s US$1.8 billion IPO on Star Market
Regulators are redrawing the qualifications for listing on the Star Market, which was established in 2019 at the behest of the Chinese president to help the nation’s technology champions raise capital …
China sees ‘unprecedented’ difficulty in stabilising 2022 trade
China faces “unprecedented” difficulty in stabilising trade next year as favourable conditions that boosted export growth this year won’t be sustainable, according to a commerce ministry official.
China’s Xi’an lockdown hits some of the world’s largest chipmakers
Two of the world’s biggest chipmakers are warning that Covid-19 outbreaks and stringent lockdowns in a major Chinese industrial hub are hampering their operations.
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