April 25, 2024
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Funds

Shanghai planning US$13.8 billion fund of funds in pursuit of ‘several world-class industry clusters’, with eye on AI, biotech and semiconductors

  • March 29, 2024

The fund will underpin promising start-ups in the fields of artificial intelligence, biotechnology and semiconductors, and is expected to attract more technology firms to Shanghai, the municipal government said in a statement on Friday. The local state-owned assets watchdog will be responsible for the fund’s establishment and operations. It will be the city’s largest government-backed

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Finance

Why China’s options in response to a TikTok ban are limited

  • March 23, 2024

Chinese officials decried the lack of “fairness” in the US last week following the swift passage of a House bill that called for Chinese company ByteDance to divest its popular social media app TikTok. A foreign ministry spokesperson for China accused the US of using national security as a guise to “willfully suppress other countries’

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Crypto

What Is Bitcoin (BTC) ‘Halving’ and Does It Push Up the Cryptocurrency’s Price?

  • March 6, 2024

Bitcoin is notoriously volatile, prone to sudden price surges and swift reversals that can wipe out millions of dollars of value in minutes. Those changes are often mysterious to market observers, because of the digital currency’s lack of ties to the real economy. Bitcoin has another quirk, one that was built into the code that

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Investors

China’s new financial regulator pledges transparency to bring investors back from the brink

  • February 20, 2024

China’s new financial regulator has made fresh pledges to increase regulatory transparency, stability and predictability, the latest of several attempts to restore investor confidence following a stock meltdown and high-profile personnel changes. The country will benchmark its financial policies against international rules and reduce restrictive measures to make itself more open and integrated with the

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Investors

U.S. earnings, Hong Kong gains

  • February 7, 2024

42 Mins Ago Kakaobank shares jump as Q4 profit rises, customer base grows Kakaobank shares jumped 7% on Wednesday after the digital payments firm reported higher fourth-quarter profit. The company’s fourth-quarter net profit rose nearly 25% to 75.7 billion Korean won ($57.2 million) from a year earlier. Kakaobank added 2.42 million new users to its

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Property

China property: Suzhou, Shanghai and Guangzhou ease home-buying restrictions as policy support gathers pace

  • January 31, 2024

China’s measures to boost the nation’s troubled housing market are trickling down to the provincial and city levels, with more cities relaxing curbs to buy property. Suzhou, Shanghai and Guangzhou are the latest cities to ease home-buying restrictions, joining more than 30 municipal governments across China to stimulate demand and prop up the market. Suzhou,

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Property

China property: why an uptick in Beijing, Shanghai home sales is unlikely to last

  • January 21, 2024

The transactions of new homes in Beijing jumped 38.5 per cent year on year to 6,106 units in December, bringing the total volume of new homes sold across the city to 66,000 units, or 74.9 million square metres. Meanwhile, new home prices rose by 0.17 per cent year on year and the prices of pre-owned

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Investors

Japan markets, Fed December minutes, China losses

  • January 5, 2024

Thu, Jan 4 2024 12:33 AM EST Japan to approve reserved funds to cover damages from New Year’s Day earthquake Japan’s cabinet will approve the use of its reserved funds to cover the damage from the earthquake that hit the Noto Peninsula in Ishikawa prefecture on New Year’s Day, Prime Minister Fumio Kishida said. Reuters

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