GUANGZHOU — Chinese electric vehicle leader BYD may have no choice but to turn to its luxury brands like Denza and Fang Cheng Bao to boost profit margins, amid a relentless EV price war that…
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Alibaba’s AliExpress pushes ‘10 billion yuan of subsidies’ campaign to entice more Chinese brands and merchants to sell in overseas markets
Subsidies will be given to an initial batch of 1,000 Chinese brands and merchants who sign up for the AliExpress programme The “10 billion yuan of subsidies” campaign represents a typical mainland …
HSBC to accelerate China wealth expansion, on track to meet hiring target
HSBC plans to accelerate the expansion of its wealth business in China despite economic headwinds and is on track to nearly double its headcount by next year, its global wealth head said, as the …
Global firms with China units tempted by cheaper renminbi funding
Global companies with China businesses are increasingly issuing renminbi debt to finance operations there, as for the first time in six years it has become cheaper to do so rather than raising money …
China’s Xi meets with Russian Foreign Minister Lavrov in show of support against Western democracies
Chinese leader Xi Jinping met with Russian Foreign Minister Sergey Lavrov in a sign of mutual support amid Moscow’s invasion of Ukraine and shared opposition to Western democracies led by the U.S.
China’s Bringspring Drops After Quashing Acquisition Rumors of Ex-Server Unit of Huawei
Shenzhen-listed Bringspring [SHE: 300290] dropped 12.8 percent to close at CNY9.13 (USD1.30). The shares have more than doubled in value in two months during rumors of close links with XFusion.
Russia-China Trade Hamstrung by US-Fueled Bank Issues
The Moscow Times reported on Tuesday—citing Russian Central Bank data—that both exports and imports between the two neighboring markets are decreasing. The issue appears to be linked to the refusal of …
China graft watchdog probes official of state-owned supplier of defence gear
China’s anti-graft watchdog is investigating an official of a key supplier of military equipment on suspicion of violations, …
US won’t let new economy sectors be destroyed by Chinese imports – Ministry of Finance
The United States will not tolerate the potential destruction of new sectors of the American economy by subsidized Chinese imports, such as the metallurgical sector in the U.S. a decade ago, according …
China’s ICBC Plans $5.5 Billion Sale of Loss-Absorbing Bonds, Bloomberg News Reports
(Reuters) – Industrial and Commercial Bank of China is planning to issue as much as 40 billion yuan ($5.5 billion) of total loss-absorbing capacity (TLAC) bonds as soon as this month, Bloomberg News …
Luxury brands rattled by China spending slowdown
STORY: Chinese shoppers are watching what they spend – and that could spell deep trouble for some of the world’s luxury brands. Top names are due to start reporting earnings next week, and investors …
China uncertainty clouds outlook for luxury sector
Investors are bracing for a steep slowdown in luxury sales when luxury companies report their first quarter results, reflecting lacklustre Chinese demand and comparisons with last year when the …
China’s ICBC plans $5.5 bln sale of loss-absorbing bonds, Bloomberg News reports
Industrial and Commercial Bank of China is planning to issue as much as 40 billion yuan ($5.5 billion) of total loss-absorbing capacity (TLAC) bonds as soon as this month, Bloomberg News reported on …
