China Financial News

Hong Kong this month with the first approvals likely to be announced next week, two people familiar with the matter said. That timeline would make Hong Kong Asia's first city to offer the popular ETFs and is much faster than industry expectations of launches sometime this year.

«The structural growth opportunity which we say for the speciality chemical players, especially in names like CDMO, China plus one, Europe's energy crisis and Europe plus one, all those structural growth driver were there in last one year also and even right now also we see that they remain intact,» says Rohan Gupta, Nuvama Institutional Equities. What is your sense? Has it bottomed out because for the longest time speciality chemicals have been dealing with one headwind or another. Finally, is there light at the end of the road? Yes, first of all, you are absolutely right that the speciality chemical sector has been quite a lot of disappointment for their investors in last four to six quarters. The sector has not participated in the entire rally while we are seeing that the midcaps and smallcaps are making new highs. This sector has definitely not performed well.

SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF, SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF and SPDR Bloomberg China Treasury Bond UCITS ETF will be delisted from Borsa Italiana on 10 July. On 10 May, SPDR MSCI EM Asia UCITS ETF will be removed from Euronext Paris and SPDR MSCI Japan EUR Hdg UCITS ETF will be taken off the London Stock Exchange. Fidelity Investments imposes fee penalty on ETF investors for non-compliant issuers SSGA said it regularly reviews the exchanges ETFs are listed on and in a recent review, decided to delist the funds to «concentrate liquidity» o...

How a domestic rating agency wants to take on the big guns China's finance ministry called the Fitch rating "regrettable". "From the results, it can be seen that the indicator system of Fitch's sovereign credit rating methodology has failed to effectively and proactively reflect" Beijing's efforts to promote economic growth, it said.

Hong Kong’s securities regulator aims to approve the first batch of Spot Bitcoin ETFs on April 15.

Google made big bang announcements on Tuesday to make cloud computing more affordable and monetise its cloud offerings. Among several key AI-based product launches and use case demos, Google Cloud CEO Thomas Kurian, at its annual Google Cloud Next 2024 in Las Vegas, announced Axion Processor, its first custom Arm-based (ARM) chip or central processing unit (CPU) designed for data centres.

Jefferies has reiterated its buy stance on state-run Coal India (CIL) and two private sector players viz. Tata Steel and Hindalco Industries amid signs of optimism in the metal space. Meanwhile, the US brokerage has maintained a 'hold' view on JSW Steel. In Jefferies' view, the global recovery in manufacturing including one in China is driving the sector and there are now signs of a rising trade.

Stock Market News: Domestic equity benchmark indices, the Sensex and Nifty 50, began Wednesday's session on a higher note as metal stocks led the way ahead of of key macro data. The metal index climbed 1.5% and hit a record high as investors anticipated a rebound in demand following robust industrial data from the US and China. On Wednesday, the NSE Nifty 50 opened up 77.50 points, or 0.34%, higher at 22,720.25, while the S&P BSE Sensex opened up 270.26 points, or 0.36%, at 74,953.96.

Last week, Prime Minister Narendra Modi asked the Reserve Bank of India (RBI) to prepare a 10-year strategy to make the Indian rupee a globally “accessible and acceptable" currency. Since the Indian economy is expected to be among the world’s three biggest national economies in less than a decade, with only China’s and America’s larger than ours, it is easy to grasp why such an aim might beckon. It’s more than a matter of prestige.

The idea was simple: To meet progressively higher carbon emission-reduction targets in line with its climate-action commitments under the Paris Agreement and the UN Framework Convention on Climate Change (UNFCCC), the EU needed to impose higher obligations on its own industrial activities in carbon-intensive sectors. As a result, it had to tackle two challenges.

Federal Reserve's policy meeting and crucial inflation data for cues on the timing and extent of interest rate cuts. FUNDAMENTALS

China's insatiable territorial ambitions and blatant disregard for the sovereignty of other nations have become a grave threat to global peace and stability. The country's recent audacious move to assign Mandarin names to 30 locations in the Indian state of Arunachal Pradesh is a stark reminder of its brazen tactics to lay claim to territories beyond its borders. This cartographic aggression is part of Beijing's long-standing strategy to rewrite history and normalize its illegitimate territorial claims. It is the fourth such list of names released since 2017, following Indian Prime Minister Narendra Modi's visit to Arunachal Pradesh in March – a move that prompted China to lodge a baseless diplomatic protest, asserting that the state belongs to them. China's claims over Arunachal Pradesh stem from its belief that the state is part of «Zangnan» or «Southern Tibet,» a region it considers an integral part of its territory. However, this belief is rooted in a flawed understanding of history and a blatant disregard for India's sovereignty.

Asian stocks were muted as investors kept watch for possible intervention by Japanese authorities to stop the yen's decline and awaited U.S. inflation data later on Wednesday for clues to future interest rate moves. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2%, after U.S. stocks ended the previous session with mild gains. The index is up 0.2% so far this month.

Top Events of The Day: PM Modi to hold a rally in Nagpur to show support for the NDA's Ramtek candidate. Eid will be celebrated in J&K, Ladakh, and Kerala. Also, Russia's Angara rocket is scheduled for launch today.

Japan last weekend, U.S. national security adviser Jake Sullivan said on Tuesday, ahead of U.S. summits this week with the Japanese and Philippine leaders. Warships from the four nations staged the exercises on Sunday following stepped up Chinese pressure on the Philippines in the disputed strategic waterway. U.S. President Joe Biden hosts Japanese Prime Minister Fumio Kishida in Washington on Wednesday and the two and Philippines President Ferdinand Marcos will meet on Thursday for talks that will include ways to push back against China.

elections that were won by the country's current leader, Justin Trudeau, according to CBC News. The Canadian Security Intelligence Service (CSIS) informed the Prime Minister's Office about this in February 2023, according to a top-secret briefing note that was discussed at the Foreign Interference Commission.

China, Deputy Secretary of State Kurt Campbell said on Tuesday, acknowledging concerns that the warnings may have curtailed exchanges between Americans and Chinese people. Communication channels between Washington and Beijing had largely normalized after months of heightened tensions, Campbell told an event hosted by the non-profit National Committee on US-China Relations.

Donald Bradman averages a staggering 99.94 in test matches. The next batsman is in the 60s. His record of six consecutive test centuries remains unbroken after 87 years. Like Bradman, the Sensex has set a record by giving positive returns and hitting all-time highs in the last eight calendar years and is going strong in the ninth year.

BEIJING — China needs to convince people that home prices are on their way up in order for economic activity to pick up, Richard Koo, chief economist at Nomura Research Institute, told CNBC's Steve Sedgwick last week.

At this year’s China Development Forum (the highest-level annual meeting between senior Chinese policymakers and top CEOs, current and former policymakers, and academics like me), the discussion focused squarely on the risk of China falling into the dreaded ‘middle-income trap.’ After all, few emerging economies have successfully joined the ranks of high-income countries. Will China be an exception to this pattern? Following 30-plus years in which China achieved annual growth rates close to 10%, its economy has slowed sharply this decade. Even last year, with a strong rebound from the “zero-covid" era, officially measured growth was only 5.2%.

India by China does not hold any significance and such an attempt will only harm the relation between the two countries. Recently, China renamed 30 places in Arunachal Pradesh. Addressing an election rally at Namsai under Arunachal East parliamentary constituency, the defence minister asked if India renamed a place in China, would it mean that the place comes under India? Such attempts will only harm the relation between the two countries."