China Financial News

If it feels like TikTok has been around forever, that’s probably because it has, at least if you’re measuring via internet time

Stocks ticked higher to begin a week packed with potentially market-moving news

Nepal is hosting an investment summit, hoping to attract much-needed foreign investment

Stocks that traded heavily or had substantial price changes on Monday: Tesla, Domino’s Pizza rise; AMC Entertainment, SoFi Technologies fall

China Southern Airlines is launching China’s longest commercial flight from the southern city of Shenzhen to Mexico City. This will surpass the airline’s previous longest route from Guangzhou to New York city. While the latter covers a distance of 12871 kms, the former will cover a distance of 14147 kms, one way, as per a report on CNN. This flight from Shenzhen to Mexico city will be a 16 hour long non stop journey and the distance is expected to be covered in 16 hours. The departure from Shenzhen will be on every Tuesday and Saturday. This service will commence from May 11.

The Reserve Bank of India’s (RBI) working paper, Equity Markets and Monetary Policy Surprises, March 2024, is yet another attempt to make sense of the unfathomable ways of equity markets. This time, from the perspective of monetary policy; in particular, market expectations of the future path of policy and the impact of central bank communication and surprises on markets. Over the years, economists, financial wizards and others have tried to explain why stock markets behave the way they do.

In a relentless pursuit of cyber infiltration, the notorious Lazarus Group, allegedly backed by North Korea, has added a new weapon to its arsenal, which is now targeting LinkedIn users.

Elon Musk’s quick visit to China paid immediate dividends, with Tesla Inc. receiving in-principle approval from government officials to deploy its driver-assistance system in the world’s biggest auto market. The US carmaker was granted the approval under certain conditions, according to a person with knowledge of the matter, who asked not to be identified because details of all the criteria aren’t clear. Tesla did manage to clear two of the most important hurdles: reaching a mapping and navigation deal with Chinese tech giant Baidu Inc., and meeting requirements for how it handles data-security and privacy issues.

OnePlus Nord 4, identified by the model number CPH2621, scored 1,875 in the single-core test and 4,934 in the multi-core test on Geekbench. The listing reportedly indicates that the device is running on Android 14 and is equipped with an octa-core Qualcomm chipset codenamed "pineapple." Notable tipster Yogesh Brar suggests that the Nord 4 will feature a Snapdragon 7+ Gen 3 SoC, the same chip that powers the China-only OnePlus Ace 3V, which could be a clue that the Nord 4 might be a rebranded version of the Ace 3V for global markets. However, these details are not yet confirmed, so it's wise to remain cautious with any assumptions.

Amidst positive market expectations, Bitcoin (BTC) faces a downtrend, dropping to $62,247 with an intra-day low of $62,007. Global tensions and US Department of Justice actions against crypto founders fuel this decline.

China’s JunHe Law Firm has released a report addressing the anti-money laundering (AML) challenges posed by digital yuan.

COVID-19 vaccine at the height of the pandemic in the country in 2020, has been dismissed from Parliament for alleged corruption. Yang Xiaoming, the chairman of China National Pharmaceutical Group's vaccine subsidiary China National Biotec Group (CNBG), has been stripped of his membership in the National People's Congress (NPC) due to serious discipline and law violations, official media reported here on Monday. The charge of serious discipline and law violations is a common euphemism for corruption under the ruling Communist Party of China (CPC) disciplinary practice.

Investors in Australia could soon have a new way to gain exposure to Bitcoin, as the country is poised for a surge of spot Bitcoin exchange-traded funds (ETFs).

Thai authorities recently cracked down on a crypto mining operation suspected of stealing electricity. The raid in Samut Sakhon and Ratchaburi netted over 650 mining devices valued at more than 200m baht (about $5m).

base metal are unlikely to gain much from current levels, said experts. Shares of Hindalco, Vedanta and National Aluminium Co ended higher on Friday even as the Nifty Metal index, and benchmarks Nifty 50 and Sensex ended in the red. “Those holding the shares of these companies can continue to do so, but I would not suggest buying these shares at the current levels, except for Vedanta, where investors need to maintain a strict stop loss,” said Aditya Welekar, analyst at Axis Securities. “We are at a level where a large part of the rally has already happened,” he said.

Tesla CEO Elon Musk's surprise visit to China has proven to be a strategic move yielding significant results. The Tesla boss has managed to get a key clearance from China that will be a big shot in the arm for the behemoth EV maker's efforts to resurrect declining sales and win trust in China where their own automakers such as BYD have threatened Tesla's dominance. Tesla's cars made in China passed key data security and privacy requirement in China, handing Musk a major win who visited Beijing to seek approval to introduce driver-assistance software. This is according to the China Association of Automobile Manufacturers. Before, some places in China banned Tesla cars because they were worried about how they collected data. Meanwhile, Reuters reported citing sources that Baidu, a prominent Chinese internet search company, has reportedly struck a deal with Tesla, allowing the car manufacturer access to its mapping license for gathering data on public roads in China.

Thought you were done traveling for work? Think again. Videoconferencing hasn’t made in-person meetings obsolete. Scattered workforces have in some cases resulted in more trips, not fewer.

BEIJING — Local Chinese authorities have removed restrictions on Tesla cars after the company's China-made vehicles passed the country's data security requirements, the automaker said Sunday.

Gold prices edged down on Monday as a steady U.S. dollar made bullion less affordable for overseas buyers, while investors awaited further clues on when the U.S. Federal Reserve would deliver its first interest rate cut.

Rohit Jawa is clear about the job at hand, which is to nudge India's largest consumer goods company to move “faster than the clock speed of India". Before taking over the corner room of HUL in June 2023, Jawa, 57, served as chief of transformation for Unilever in London, where he piloted the company's end-to-end transformation from January 2022. Jawa expressed surprise at the pace of change in India in an interview late last week, a day after HUL announced its earnings for the fourth quarter, where the company reported a 2% jump in underlying volumes, similar to the previous two quarters.

A Russian “crypto ban’ could roll out as early as September 1, top lawmakers in the country have confirmed.