Hong Kong’s stock exchange operator reported its best half-year revenue on Wednesday (Aug 20), bolstered by a surge in initial public offerings and trading activity. The Chinese finance hub has …
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Hong Kong Regains IPO Crown as Exchange Operator Posts Record Earnings — Update
That helped power a 41% jump in HKEX’s net profit for the second quarter. Net profit hit a record HK$4.44 billion, equivalent to US$569.3 million, beating the HK$4.10 billion consensus estimate of …
China’s Baidu revenue drops as AI returns fail to offset ad decline
(Reuters) -Chinese search engine company Baidu on Wednesday reported a drop in second quarter revenue as its core advertising business struggled amid China’s economic slowdown, while returns from AI …
Shein Reportedly Considers Moving HQ Back to China For Hong Kong IPO
The fast-fashion company has struggled to find a sound landing place for an IPO. A move back to China could be an answer.
China’s could give green light on yuan-pegged stablecoins as early this month
China is preparing to lift its long-standing crypto ban by legalizing yuan-pegged stablecoins before the end of August, according to Reuters. This would be the first time the country allows any form …
China to reportedly launch stablecoins to challenge dollar dominance
China is reportedly considering allowing the usage of yuan-backed stablecoins for the first time, as per a latest Reuters report. This is a developing story.
China may approve yuan-backed stablecoins amid fears of dollar-powered tokens
China considers approving yuan-backed stablecoins to boost global yuan adoption and compete with US dollar-powered stablecoins.
Breaking: China Considers Yuan-Backed Stablecoins to Rival Dollar Dominance
China is reportedly set to review and possibly approve the issuance of Yuan stablecoins to boost global adoption and compete with the dollar.
New Chinese car brand Xiaomi expected to launch in Europe by 2027
Xiaomi (pronounced shau-mi) is expected to launch electric vehicle sales in Europe by 2027 following the launch its its YU7 luxury SUV. The Beijing-based business is better known as the third largest …
Exclusive: China considering yuan-backed stablecoins to boost global currency usage, sources say
China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of …
Shein Hong Kong IPO with HQ move to China ‘looks likely’
Shein Group is reportedly seeking China’s approval to have an initial public offering (IPO) in Hong Kong and a potential HQ in China.
China snaps up Russian oil as Indian demand drops following Trump tariffs
Chinese refineries have moved to secure Russian oil shipments as demand from India for Moscow’s crude drops amid threats of President Donald Trump’s tariffs.
China’s July fuel oil imports climb to seven-month high
China’s fuel oil imports rose further in July, hitting their highest in seven months, customs data showed on Wednesday.
