China Newsbase
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The China News Database was last updated at 01:50PM on November 9, 2023.
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116 articles matching the search query.
Factbox: Who's who of China's rising financial tsars
Since 2018, China's President Xi Jinping has installed 12 former executives from government regulators or state-run financial institutions to top leadership posts across the country's provinces, regions and municipalities.
China's Xi turns to financial experts to tame economic risks
As China struggles to deal with the slowdown of the world’s second-largest economy, it has embarked on a new strategy of placing financial experts in provinces to manage risks and rebuild regional economies.
Tesla Arranges Over $1.4 Billion in Financing From China
Tesla Inc. has lined up more than 10 billion yuan ($1.4 billion) in financing from local banks for its Shanghai factory as it prepares to begin deliveries of China-made Model 3 sedans in the country, people familiar with the matter said.
China Bottled Water Giant Said to Weigh Over $1 Billion IPO
Nongfu Spring Co., one of China’s biggest bottled water and beverage companies, is weighing an initial public offering in Hong Kong that could raise at least $1 billion, people familiar with the matter said.
Will Bitcoin Crash Again? Bitcoin Price Falls to 6-Month Low
Bitcoin sank to the lowest level in six months, extending this month’s slide on concerns about a crackdown on cryptocurrency operations by China.
Frustration, safety fears at finance firms as protests paralyze Hong Kong
Finance firms in Hong Kong urged staff on Wednesday to seek safety or work from home as anti-government protests paralyzed the city's business district for a third day in one of the biggest disruptions faced by the Asian finance hub.
Amazon of China goes big on Bitcoin - Decrypt
Despite a mixed stance on crypto, Chinese retail giant Alibaba has partnered with crypto startup Lolli to reward customers in bitcoin for purchases.
China Hidden Capital Flight at a Record in 2019, IIF Says
China’s hidden capital flight surged to a record high in the first half of this year, suggesting that residents wanting to move money abroad are using unrecorded transactions to evade tight capital controls.
Singapore’s Luxury Apartment Market Is Hot, Thanks to China
The luxury end of Singapore’s residential market is hot, and according to Colliers International Group Inc., it’s because of increased interest from mainland Chinese nationals.
NIO Shares Fall Again, Analysts Cite Weak Sales, Dwindling Cash
A nightmarish week for NIO Inc. investors got worse on Thursday, as at least two more analysts downgraded the Chinese electric-car maker, citing a weak sales outlook, high cash burn and a lack of clarity around financing.
Investors Accept China Internet Slowdown if Costs Controlled
The weakest top-line growth in years didn’t deter buyers from adapting to a new normal.
Lam Won’t Concede to Hong Kong Protest Demands, Top Adviser Says
Hong Kong’s government doesn’t see any benefit in conceding to more demands from protesters and the increasingly violent demonstrations are unlikely to stop anytime soon, according to a top adviser to leader Carrie Lam.
Juul’s Sales Are Halted in China, Days After Debut
Juul Labs Inc., America’s largest e-cigarette brand, only started selling its nicotine vaporizers online in China last week, but the products have already disappeared from stores without explanation.
Ex-Hong Kong Leader Promotes Bounties on Anti-China Protesters
Hong Kong’s former leader took to social media to promote a website offering cash bounties to identify protesters who have perpetrated vandalism and violence, including the defacing of Chinese flags and national emblems, as unrest rocks the city.
China Bans Six Tied to $4.3 Billion Fraud From Securities Market
China has banned six people linked to a $4.3 billion scandal at one of the country’s biggest listed drug makers from participating in the securities industry.
Transsion’s Future Hub and Kenya’s Wapi Capital partner on Africa fund – TechCrunch
Transsion Future Hub, a subsidiary of Chinese mobile-phone and device maker Transsion, is teaming up with Kenya’s Wapi Capital to source and fund early-stage African fintech startups. Headquartered in Shenzhen, Transsion is a top-seller of smartphones in Africa that recently confirmed its imminent IPO. In 2019 it opened and financed Future Hub, an incubator and […]
China Regulator Relaxes Rules on Short Selling, Margin Financing
China’s securities regulator and exchanges are nearly doubling the number of stocks eligible for short selling and margin financing, and scrapped a previous automatic margin call threshold.
Huawei's Unusual $1.5 Billion Loan Involves Only Chinese Banks
Huawei Technologies Co. plans to raise the equivalent of $1.5 billion from a group of Chinese lenders, people familiar with the matter said, the company’s first major debt financing since U.S. authorities restricted its access to key suppliers in May.
Kweichow Moutai Jumps to Become China's First 1,000-Yuan Stock
China’s equity market finally got its first 1,000 yuan stock -- though only briefly.