HSBC said on Tuesday that its stake in Bank of Communications (BOCOM) will drop to about 16% from 19.03%, and it will book a loss of up to $1.6 billion as a result of the…
Tagged By financials
China issues local gov’t bonds worth 1.24t yuan in Q1
BEIJING — China’s local governments issued new bonds worth nearly 1.24 trillion yuan ($172 billion) in the first quarter of this year, data from the Ministry of Finance showed on Monday. Of the total …
Exclusive: China’s Xi to visit Shanghai in show of strength amid trade war
Russian President Vladimir Putin on Monday declared a three-day ceasefire in the war with Ukraine next month to mark the 80th anniversary of the victory of the Soviet Union and its allies in World War…
China on Trump tariffs: ‘They make up bargaining chips out of thin air’
Chinese officials on Monday criticized the Trump administration’s approach to negotiating tariff policy and accused the U.S. of bullying other nations. “They make up bargaining chips out of thin air, …
China’s insider trading crackdown is backfiring. Experts explain why
Would stricter insider trading regulations make financial markets fairer? China’s 2017 sell-by-plan mandate was designed to do just that by requiring corporate executives to predisclose stock sales—a …
Nvidia stock falls as China’s Huawei reportedly readies AI chip after Trump’s export ban
Nvidia stock fell Monday following a report that Chinese tech giant Huawei is readying another advanced AI chip in the wake of President Trump’s export ban on Nvidia chips to China.
Pirelli board says China’s Sinochem no longer controls tyremaker
Pirelli said on Monday its board established that the group’s largest investor, China’s state-owned Sinochem , no longer controls the tyremaker, and added that shareholders will continue to discuss …
China’s billion-dollar footprint near Florida coast poses US national security risk, expert warns
China is expanding its influence in the Caribbean and Americas through diplomacy, infrastructure and strategic partnerships, an expert warned.
Chinese Stocks Fall as Beijing Warns on Negative Impact of Trade Tensions
Chinese shares ended lower, with the Shanghai Composite Index dropping 0.2% to 3288.41. The Shenzhen Composite Index declined 0.9% and ChiNext Price Index was 0.65% lower. Investors are digesting …
China Downplays Impact of Treasuries Swings on Its FX Reserves
A senior Chinese central bank official played down the impact of Treasury market volatility on the country’s foreign exchange reserves, arguing Beijing had diversified its foreign assets enough to …
Goldman says China funds to buy US$110 billion of Hong Kong-listed stocks
Southbound inflows have reached US$78 billion this year, surpassing annual net purchases for most years, except in 2020 and 2024: Goldman.
China’s Ant Group forays into brokerage business with $362 mln Bright Smart buy
China’s Ant Group is buying a controlling stake in Hong Kong-based brokerage Bright Smart Securities & Commodities Group for about $362 million, marking the fintech firm’s first acquisition of a …
China vows steps to ease exporters’ pain as Trump’s tariffs hit
Beijing laid out policies to aid exporting companies, including plans to ensure troubled firms get the loans they need, and to boost domestic consumption.
