In Depth: Why China’s Project Whitelists Can’t Cure Real Estate Slump
Although the lists are helping many developers secure financing to finish their projects, there may not be enough demand for new homes to soak up the extra supply, bankers warn
Shanghai Creates $18 Billion State Investment Giant
Merger of two investment firms will create a juggernaut providing financial backing to technology and innovation startups
Exclusive: ICBC Reshuffles Leadership at Core Department and Wealth Management Unit
Wang Hailu to be chair of ICBC Wealth Management, bringing experience in bond and foreign exchange trading
Hong Kong Spends $5.75 Million A Year on Idle Pandemic Makeshift Hospitals
Lawmakers urge government to press ahead with converting Covid isolation wards for non-medical use as maintenance costs mount
Meituan Names Wang Puzhong as CEO of New Core Local Commerce Business
Food delivery giant looks to a younger generation for its management team as it refocuses on its core business
Shanghai Composite Index Fell 0.29% on Friday
Shenzhen Component Index closed down 1.04%
Apr 19, 2024 03:03 PM
Daily Tech Roundup: TikTok Faces U.S. Reckoning, Huawei Unveils New Smartphone
Meituan names CEO of new core local commerce business, China looks to employ big data to tackle persistent misconduct in soccer
Apr 19, 2024 02:52 PM
Standard Chartered Dangles 10% Deposit Rate to Draw Mainland Cash
Lenders in Hong Kong are ramping up efforts to woo savers from the Chinese mainland and solidify the city’s status as a wealth hub
Apr 19, 2024 02:43 PM
Apple Pulls WhatsApp From China Store at Beijing’s Behest
The iPhone-maker, which has consistently complied with the country’s internet censorship regime, said regulators ordered the apps removed over national security concerns
Apr 19, 2024 02:08 PM
Hedge Funds Cry Foul Over Chinese Education Firm’s Default
An ad-hoc group of investors have accused XJ International of choosing not to pay its offshore debt even though its business is healthy and growing
Apr 19, 2024 01:55 PM
TSMC Cuts Chip Market Outlook as Consumer Weakness Persists
The world’s largest maker of advanced chips predicts growth of about 10% this year, scaled down from a previous forecast
Apr 19, 2024 01:42 PM
CX Daily: Why China’s Project Whitelists Can’t Cure Real Estate Slump
Intellectual property is a key issue for German companies dealing with China, Scholz says. IMF indicates it may raise China’s 2024 GDP forecast. Plus, the country looks to employ big data to tackle persistent misconduct in soccer.
Apr 19, 2024 10:06 AM
TikTok Faces Washington Reckoning as Divest-or-Ban Vote Nears
TikTok legislation is to piggyback on a fast-moving aid package for Ukraine expected to be passed on Saturday
Apr 19, 2024 04:31 AM
China Restates Need for Steady Yuan Amid Fragile Confidence
PBOC says its goal is to maintain the basic stability of the yuan’s exchange rate and avoid excessive volatility
Apr 19, 2024 04:21 AM
IMF Says It May Raise China 2024 GDP Forecast After Strong First Quarter
Fund’s chief economist also highlights continued weakness in property sector, domestic demand
Apr 18, 2024 07:47 PM
Former China Central Bank Deputy Admits Taking Over $50 Million in Bribes
Fan Yifei admits to taking money in exchange for helping companies and individuals with matters such as securing loans, jobs and business contracts
Apr 18, 2024 07:41 PM
Intellectual Property Is Key Issue for German Companies Dealing With China, Scholz Says
Germany’s chancellor says Chinese side gave ‘pragmatic’ answers on establishing a level playing field
Apr 18, 2024 07:32 PM
Weekly Must-Read: Alibaba Renews Strategy Reset to Revive Growth Momentum
Jack Ma tells employees ‘we must reform for the future’
Apr 18, 2024 06:56 PM
Energy Insider: Nuclear Power Investment Balloons, China ‘Extends Dominance’ in Clean-Tech Supply Chains
Coal reserve system to be set up by 2027, Chengdu to roll out incentives for commercial hydrogen vehicles, IEA official calls for more policy attention on carbon capture tech
Apr 18, 2024 06:51 PM
China Looks to Employ Big Data to Tackle Persistent Misconduct in Soccer
General Administration of Sport proposes working with ‘internationally renowned’ sports data firms to monitor soccer matches in real time
Apr 18, 2024 06:27 PM
Charts of the Day: Chinese Coffee Startup Cotti Brews Up a Price War With Luckin
Cotti Coffee had 6,570 stores on the Chinese mainland as of March, up from just six in October 2022 when it was launched by Luckin’s disgraced co-founders
Apr 18, 2024 05:41 PM
Huawei Unveils New Phone Lineup to Ramp Up the Pressure on Apple
The Pura 70 smartphone series starts at around $760, and scales all the way to $1,380, matching the price tag on some iPhone 15 models
Apr 18, 2024 05:24 PM
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