Dollar dominance thanks to stablecoins is pushing China to explore stablecoins, but capital controls limit the project to Hong Kong’s offshore renminbi market, where liquidity is thin.
Tagged By financials
Nvidia earnings beat Wall Street’s sky-high expectations, but the stock is falling because ‘there were no H20 sales to China-based customers’
Nvidia recorded no China sales revenue for H20 chips and reported revenue that narrowly beat Wall Street targets in the second quarter, as the AI chipmaker reported financial results on Wednesday. The …
Former China central bank governor urges caution amid stablecoin frenzy
Zhou Xiaochuan stresses need for vigilance to prevent digital currencies being used for excessive speculation.
Nvidia forecasts higher revenue as China clouds future
Nvidia forecast third-quarter revenue above market estimates on Wednesday, helped by robust demand for its AI chips, but shares fell as its on-hold China business remained uncertain. Nvidia also said …
Nvidia’s $15B China Shock: Earnings Showdown Could Jolt Entire Market
Wall Street braces for Nvidia’s results as China turmoil, AI demand, and a $15B forecast gap set up massive volatility.
Former China central bank chief rejects Beijing’s stablecoin exploration
China’s former central bank governor has warned against the recent growing wave of support for stablecoin adoption in the country.
China CITIC Bank Announces Interim Dividend for 2025
China CITIC Bank ( (HK:0998) ) has provided an announcement. China CITIC Bank has announced an interim dividend of RMB 1.88 per 10 shares for the six months ending June 30, 2025. The dividend will…
China’s Chip Industry Plans to Triple AI Chip Production in 2026
China’s semiconductor companies are aiming to expand their artificial intelligence chip output threefold in 2026, in an effort to lessen dependence on Nvidia (NASDAQ:NVDA), according to a report by …
Beijing bank moves signal attempts to cool economy
A series of decisions by Chinese authorities on banking standards and currency holdings is fueling speculation that Beijing may be trying to curb its overheated economy, raise the value of its …
China aims to triple AI chip output, reducing Nvidia’s dependency, FT says
China’s chipmakers are seeking to triple the country’s output of artificial intelligence chips in 2026, rushing to reduce dependence on Nvidia, the Financial Times reported on Wednesday. Huawei aims …
Trump’s tariffs on India kick in; China’s Xi set to host Modi, Putin in show of solidarity
President Donald Trump’s punitive 25% tariffs on Indian goods took effect on Wednesday, taking the total levy to 50%, among the highest rates imposed by the U.S. The U.S. imposed the punitive 25% …
China’s $1 Trillion Stock Rally Spurs Curbs From Broker, Funds
A $1 trillion stock rally in China is sparking concerns over growing risks to investors, prompting some of the nation’s brokerages and fund managers to cut back on financing and limit purchases.
UBS Flags Intensifying Lithium Supply Disruptions in China, Expects Higher Prices
UBS has revised its lithium price forecasts upward following an in-depth review showing that widespread and prolonged supply interruptions in China could affect as much as 15% of global lithium output …
