China Financial News

₹25,586 crore, leading to a total outflow of ₹12,911 crore when considering debt, hybrid, debt-VRR, and equities, according to data from the National Securities Depository Ltd (NSDL). Despite this, FPIs maintained their status as net buyers in the Indian debt market, with total inflows amounting to ₹8,761 crore in May 2024.The selling in May also comes on the back of high volatility in the Indian market during the month. The benchmarks fell sharply in the first half of the month on the back of FPI selling, rise in US bond yields, and uncertainty of the election results.

Hong Kong Legislative Council member Wu Shuo has voiced criticism against Hong Kong’s cryptocurrency licensing system, citing its impact on market confidence.

Asian manufacturers seem to be on firmer ground, with the latest survey data signaling stronger output and orders, but building cost pressures could stoke concerns about inflation. Purchasing managers index data from S&P Global showed improvements in industrial powerhouses like South Korea and China midway through the second quarter. “Asia’s manufacturing recovery looks to be firming by the month," said Maybank economist Erica Tay.

Realme has officially announced that the global launch date for the Realme GT 6 is set for June 20, 2024. Although the announcement does not specifically mention India, it is likely that the phone will debut in the country on the same day. This release follows closely on the heels of the Realme GT 6T, making it the second Realme GT phone to launch in India within a short span.

Narendra Modi plans a raft of business-friendly measures if he wins a third term this week, including pushing through regulations making it easier to hire and fire workers, according to two government officials familiar with the matter.

"Companies like Voltas performed well initially, but their recent results, especially in the EMPS space, were disappointing. With per capita spending increasing, fast-moving electrical goods, home improvement, and auto sectors tend to do well," says Gurmeet Chadha, Complete Circle Consultants We are hearing reports suggesting an acute shortage of air conditioners and other consumer durable goods. Have you managed to get your hands on them? There is indeed a shortage, and discounts have virtually disappeared, not just for air conditioners but also for refrigerators and air coolers. Companies like Voltas performed well initially, but their recent results, especially in the EMPS space, were disappointing. With per capita spending increasing, fast-moving electrical goods, home improvement, and auto sectors tend to do well. If we compare this to China, where per capita GDP grew by 13-14% over a 15-year period, the consumer durable segment grew by 20%, and the auto sector by 26%. This is more of a long-term play, and extreme weather conditions could provide a better entry point.

British Secret Intelligence Service MI6 turned two staff members of unnamed Chinese central state organs into spies for the British government, its State Security Ministry said in a statement on Monday.

China's manufacturing activity in May grew at the fastest pace in about two years with strong production and new orders, a private sector survey showed on Monday, indicating the sector remains robust amid supportive industrial policies.

global investors, India holds the most attractive investment proposition among emerging market economies, Candace Browning, head of Global Research, Bank of America, tells Bhaskar Dutta. Edited excerpts: How do you view India as an investment destination versus other emerging markets? We have seen outflows of foreign investment from stocks for the last two months.

Viral video: Women helps thirsty dog drink water at Thrissur railway station | WatchNewspaper Shanghai Daily posted on X: “High-altitude maintenance workers were seen swaying in the strong winds outside the CCTV Headquarters in Beijing's Central Business District on Thursday. Hoping for their safety."Watch the video here:As an iconic landmark in Beijing, the CCTV Tower rises to 234 meters and covers an expansive area of 473,000 square meters.Also Read: Viral Video: ‘Eventful dot ball’ from children's cricket match leaves internet in splits | WatchAt the same time, the National Weather Service issued numerous alerts as thunderstorms and powerful winds battered the capital.

China for all manner of things, most crucially, medical supplies. That it was also China where the coronavirus originated made for macabre irony as Beijing tried to use the people's suffering for geopolitical gains. World leaders recognised that the scale of reliance — fatal attraction, rather — was a national security threat. They devised a new lexicon to stay awake. 'De-risking', 'China plus one', 'friendshoring', 'resilient supply chains', 'trusted partners' and 'reliable geographies' became buzzwords. While progress was made to deny China the edge in semiconductors and critical minerals, focus on health security has been sporadic. Both the US and India acknowledge that pharma supply chains are too concentrated in one country and the need for diversification is urgent. But little has been done to address the issue. A partnership on health security similar to the one forged on critical and emerging technologies could be an idea. Good thing is the building blocks are already in place.

World championships silver medallist boxer Amit Panghal's (51kg) remarkable comeback to the national team culminated in an Olympic berth while Jaismine Lamboria reclaimed the women's 57kg quota for India at the 2nd World Qualification Tournament here on Sunday. Panghal, India's lone world championships silver medallist, notched a hard-fought 5-0 win over China's Chuang Liu in the 51kg quarterfinals to punch a ticket to his second Olympic Games.

presidential candidate Donald Trump has joined TikTok, the short video social media platform that is owned by China-based tech giant ByteDance and that he tried to ban as president, ahead of the U.S. elections in November.

Why did FPIs dump ₹25,586 crore worth of Indian shares in May—Explained with 4 key reasonsArora further added that the FII category does not get squeezed generally. “FII as a category does not get squeezed- except some individual fund here or there (which happens all the time)," he said.The sentiments of foreign investors have been impacted by the volatility stemming from the Lok Sabha elections in 2024, a more aggressive stance taken by global central banks, the strong performance of Chinese markets, and various other global indicators.FPIs divested Indian equities valued at ₹25,586 crore, with a total outflow reaching ₹12,911 crore by May 31, encompassing debt, hybrid, debt-VRR, and equities, as per data from the National Securities Depository Ltd (NSDL).

Stablecoin issuer Tether Holdings Ltd. has acquired a $100 million stake in Bitdeer Technologies Group, the US-listed Bitcoin miner owned by Chinese billionaire Jihan Wu, with an option to purchase an additional $50 million in shares within a year. The two firms entered into a subscription agreement for a private placement of 18.6 million Class A ordinary shares, Bitdeer said in a statement on Friday, which generated $100 million in gross proceeds. There was also a warrant to purchase up to five million in additional shares at $10 per share. The private placement closed on Thursday. Cantor Fitzgerald & Co. acted as the placement agent.

pani puri. The novelty faded somewhat when she made tandoori prawns, and by the time she was on to butter chicken, I thought they were struggling to be polite.

SINGAPORE—China’s defense minister sought to assuage fears of confrontation between the Chinese and American militaries a day after the U.S. defense chief did the same, part of an effort to manage tensions between the two global powers in a turbulent environment. He also warned Washington against testing Beijing’s limits on its core interests, in a sign of how delicate and tentative the rapprochement remains.

The world is too distracted with ongoing wars and high-stakes election campaigns to pay attention to a remarkable proposal from China. At the United Nations Conference on Disarmament held in Geneva this February, one of Beijing’s senior officials dealing with nuclear weapons policy declared that “nuclear-weapon states should negotiate and conclude a treaty on no-first-use of nuclear weapons against each other or make a political statement in this regard." There had been some indications towards the end of 2023 that China was planning to engage the United States in a new phase of discussions on nuclear security, but the proposal in Geneva is as breathtaking as it is promising. The world—and India — must approach it constructively.

Foreign investors pulled out a massive Rs 25,586 crore from Indian equities in May due to uncertainty surrounding the outcome of general election and outperformance of Chinese markets. This was way higher than a net outflow of over Rs 8,700 crore in April on concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in US bond yields. Before that, FPIs made a net investment of Rs 35,098 crore in March and Rs 1,539 crore in February, while they took out Rs 25,743 crore in January, data with the depositories showed.

Asia-Pacific version of NATO through its Indo-Pacific strategy to maintain its hegemony in the region, a Chinese defence official has said, stressing that Washington's attempt to serve its «selfish» geopolitical interest is «doomed to fail». The remarks by Lieutenant General Jing Jianfeng, deputy chief of staff of the Joint Staff Department of the Central Military Commission, came in response to US Secretary of Defence Lloyd Austin's speech during the Shangri La Dialogue on Saturday in which he spoke about strengthening alliances and partnerships across the region.

Boeing's Starliner spacecraft was called off at the last minute at the Kennedy Space Centre on Saturday. The mission to the International Space Station (ISS) has been postponed for the third time in the last two months.