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Money & Wealth
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Global Economy
China’s price-conscious shoppers, hungry for luxury goods, jump on weak yen
Chinese shoppers are opting to make purchases of luxury goods outside China, helped out by sustained depreciation of the Japanese yen.
2 Nov 2024 - 3:10PM
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China’s stocks see ever-slimmer profits as economic slump hits hard
1 Nov 2024 - 8:01PM
China’s central bank holds steady with 200 billion yuan net bond purchase
31 Oct 2024 - 9:30PM
China Economy
China’s finance sector, a year after landmark conference, adapts to new normal
China’s central financial work conference laid down stricter standards for the field one year ago. How have practices and attitudes changed?
31 Oct 2024 - 7:00AM
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China’s finance sector has lost some of its flamboyance as strict regulations have taken effect. Photo: AP
Policy
China may fix fiscal spending shortfall next week, policy adviser says
Central bank policy adviser Wang Yiming says China has a funding gap of around 1.5 trillion yuan (US$210 billion).
30 Oct 2024 - 11:37AM
Big Tech
TikTok CEO vows to earn global trust, as app challenges US ban
Chew Shou Zi calls earning local trust around the world “a big challenge” for TikTok at a summit in Riyadh.
30 Oct 2024 - 1:19AM
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China Economy
Will China cut personal income taxes as part of its stimulus drive?
Ex-officials and scholars have suggested China should further cut personal income tax as part of its stimulus package.
29 Oct 2024 - 10:35AM
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China Business
China property: Sunac’s Shanghai luxury flats sell out in 3 hours
All 158 units in the project in Dongjiadu, Huangpu district, were sold, fetching the developer US$825.8 million.
27 Oct 2024 - 8:31PM
Sunac China Holdings’ sales office in Shanghai is packed with prospective buyers who have registered for units in the second phase of the One Sino Park. Photo: Xie Yuke
Big Tech
Huawei staff arrive at new mega-campus, hub of China’s tech drive
The sprawling research and development complex is set to play an important role in the nation’s push towards self-reliance.
25 Oct 2024 - 10:28AM
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Diplomacy
Defend euro as China, Russia push for alternative currency: Europe’s bank chief
Next US leader also urged to weigh negative impacts of American and EU trade ‘restrictions and barriers’ on economic growth and inflation.
24 Oct 2024 - 5:16AM
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Policy
2 trillion yuan fund could offer China’s stock market ‘instant’ lift: think tank
Institute of Finance and Banking under the Chinese Academy of Social Sciences says the fund would enhance the stability of the capital market and promote steady growth.
23 Oct 2024 - 4:10PM
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4
Banking & Finance
China’s finance sector liberalisation to favour foreign firms: BOC chairman
China’s financial reforms will open up opportunities for foreign players in the vast and growing market, Ge Haijiao says.
22 Oct 2024 - 7:18PM
Ge Haijiao, chairman of Bank of China, delivers a speech during the Sibos conference in Beijing on Tuesday. Photo: Getty Images
Policy
First swap operation by China’s central bank comes quickly to boost stock market
Swap facility lets brokers, asset managers and insurance companies exchange assets with poorer liquidity, enabling them to get liquid assets for stock purchases.
22 Oct 2024 - 4:40PM
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Big Tech
Chinese official praises Xiaomi chip design as firm stays silent
A Beijing municipal official heaps praise on Xiaomi’s design for a 3-nanometre processor, but the smartphone maker has yet to comment.
21 Oct 2024 - 10:00PM
5
Policy
‘Encouraging sign’ as China cuts mortgage rate, but heavy lifting still needed
Five-year loan prime rate lowered from 3.85 per cent to 3.6 per cent, the People’s Bank of China said on Monday.
21 Oct 2024 - 6:20PM
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Business
China regulators go on charm offensive as economic growth stalls
CSRC Chairman Wu Qing solicited feedback from financial specialists and media representatives, according to a readout on the watchdog agency’s website.
20 Oct 2024 - 7:47PM
The annual Financial Street Forum in Beijing on October 18, 2024. Photo: Xinhua.
Big Tech
JD.com issues apology to customers after Singles’ Day campaign sparks backlash
The adverse reaction to stand-up comedian Yang Li shows that JD.com underestimated how she is constantly targeted by male internet users.
18 Oct 2024 - 10:36PM
Policy
China’s central bank to cut reserve ratio, bolster property and capital market
People’s Bank of China governor Pan Gongsheng spoke at the Financial Street Forum in Beijing on Friday.
18 Oct 2024 - 5:36PM
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5
Big Tech
Alibaba’s new Singles’ Day focus: protecting sellers from price wars
The e-commerce giant aims to root out ‘ineffective involution’ after Beijing warned against a race to the bottom in price and quality.
17 Oct 2024 - 6:00PM
Big Tech
Alibaba opens walled garden to rival JD.com’s logistics services
China’s tech giants have been breaking down the digital walls between their ecosystems in response to Beijing’s call.
17 Oct 2024 - 8:23AM
The Alibaba headquarters in Hangzhou, China. Photo: Bloomberg
Big Tech
Chinese brands, Apple drive global smartphone shipments
Shipments from Vivo surged nearly 23 per cent in the third quarter, while Samsung’s fell almost 3 per cent, according to IDC.
15 Oct 2024 - 6:39PM
China Economy
When will it end? How inexperience is fuelling the fire of China’s economic woes
Economists have ‘never seen anything like this’, and ‘challenges are on a greater scale’ than ever before, so how can China bring the wild ride to an end?
15 Oct 2024 - 3:05PM
92
Tech War
US-sanctioned camera maker Hikvision said to be slashing jobs
The Hangzhou-based company says it is optimising its research manpower, while denying large-scale lay-offs.
13 Oct 2024 - 9:00AM
OPINION
Perry Wong
,
Yeen Chong
Opinion
|
China pushes ahead on its long march to become a global tech leader
13 Oct 2024 - 9:11PM
Anthony Cheung
Opinion
|
There’s hope for China’s economy, as long as planners can ‘let go’
13 Oct 2024 - 9:30AM
Winston Mok
The View
|
China should make its economy work for its youth
8 Oct 2024 - 7:30PM
Anthony W.D. Anastasi
The View
|
China’s latest stimulus measures still don’t go far enough
1 Oct 2024 - 4:30PM
Zhou Xin
My Take
|
Grow wages, not night markets: how China can lift consumer spending
10 Sep 2024 - 7:00AM
Donald Low
Opinion
|
To restore consumer confidence, China must save the property sector
27 Aug 2024 - 9:30AM
4
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