China Financial News

Investing.com-- Gold prices rose slightly in Asian trade on Tuesday, sticking to a six-month high amid growing bets that the Federal Reserve will not raise interest rates any further.

their automobiles. So long, it seems, as they don’t run on batteries. According to a poll published in July by the Pew Research Centre, less than two-fifths of Americans would consider buying an electric vehicle (EV).

HONG KONG (Reuters) — People's Bank of China (PBOC) Governor Pan Gongsheng said on Tuesday the central bank would keep monetary policy accommodative, while inflation was expected to be 'going upwards'.

Investing.com-- Oil prices rose in Asian trade on Tuesday as media reports suggested that the OPEC+ planned to extend or even deepen its ongoing production cuts at a meeting later this week. 

Investing.com-- Asian stocks rose slightly on Tuesday as traders kept to the sidelines before a string of key economic readings from the U.S. and China due later this week, although most regional bourses were sitting on strong gains for November. 

HONG KONG (Reuters) — Hong Kong private home prices extended a fall in October, dipping to their lowest since March 2017, official data showed on Tuesday, weighed down by higher interest rates and weak buying sentiment.

(Reuters) — China-founded fashion company Shein has confidentially filed to go public in the United States, two sources familiar with the matter told Reuters on Monday.

By Ankur Banerjee

TCS, Maruti, Paytm, Wipro, PB Fintech, Eicher are among the stocks that could be in focus on Tuesday.India's benchmark stock indices ended lower for the second consecutive day on Friday. The S&P BSE Sensex closed 48 points, or 0.07%, lower at 65,970.04, while the NSE Nifty 50 fell 7 points, or 0.04%, to end at 19,794.70.GIFT Nifty on the NSE IX traded a marginal 6 points higher, hinting at a muted start for Indian indices on Tuesday.Asian stocks witnessed a mixed opening on Tuesday after Wall Street struggled in the wake of a rally that put the S&P 500 near “overbought" levels.Australian shares opened higher, and Hong Kong shares also ticked up traders brushed off overnight losses in US markets, with eyes on US inflation figures later in the week.The Shanghai Composite Index dipped 0.10%, and the Shenzhen Composite Index on China's second exchange eased 0.09%.The benchmark Nikkei 225 index was down 0.04%, at 33,433.26 in early trade, while the broader Topix slipped 0.17%.On Monday, the S&P 500 slipped 0.2%, and the Dow Jones Industrial Average also closed 0.2% lower.

Pad 6 series earlier this year, but the company is reportedly already working on the latest generation of its tablet range, with major upgrades planned in terms of processor and display, among other things. Also Read: Xiaomi expands HyperOS to more devices: Check if your device is on the list According to a report by GSMChina, the Xiaomi Pad 7 Pro has been codenamed 'Sheng', based on Xiaomi's practice of using musical instruments as codenames for its tablet lineup, and has been designated a model number 'N81A'.

Shein IPO: Firm in talks with banks, exchanges for listing, says report Representatives for Shein, JPMorgan and Morgan Stanley declined to comment. A spokesperson for Goldman Sachs didn’t immediately respond to a request for comment. The filing was reported earlier by Shanghai Securities News.

By Kane Wu and Anirban Sen

Standard Chartered, a British multinational bank, will initiate exchange services for China’s central bank digital currency (CBDC), the digital yuan, as it is set to participate in its trials.

Bitcoin (BTC) briefly reached $38,000 on Nov. 24 but faced formidable resistance at the price level. On Nov. 27, Bitcoin price traded below $37,000, which is unchanged from a week ago. 

Shein, a leading online fashion retailer originating from China, confidentially filed for an IPO in the United States, according to The Wall Street Journal report today, citing people familiar with the matter.

Police in Hong Kong have begun investigating the crypto trading platform after more than 130 people said they had been scammed.

IBM announced the completed installation of a 127-qubit quantum computing system at the University of Tokyo on Nov. 27. According to the company, this marks the arrival of the first “utility-scale” quantum system in the region.

Huawei to ZTE came under an unforgiving radar. In India, too, a similar red line was quietly drawn — well after a top Chinese firm described by the US government as a “national security risk” had easily made its way into India’s apex tech institutes, the famed Indian Institutes of Technology (IITs). It was a note of caution sounded by the director of a leading IIT that woke up the Government of India on the deep inroads that Chinese firm Huawei had made into India’s leading institutes.

SHANGHAI/BEIJING (Reuters) -The Beijing Stock Exchange has de facto implemented a new policy that prevents major shareholders of companies listed on its bourse from selling stock, worried that such sales could douse a long-desired rally, three people familiar with the matter said.

TikTok owner ByteDance is slashing hundreds of jobs in its gaming unit, a source familiar with the matter told AFP on Monday. The move marks a retreat from the competitive video gaming sector. Nuverse, a video game publisher that is a subsidiary of Beijing-based ByteDance, is currently conducting a round of layoffs that will affect "several hundred people", said the source.

Indian startups seeking to secure VC funding as investors go slow on deals with growing concerns around several homegrown startups such as Byjus. The massive fall in funding value indicates that VC firms are cutting down on big investments and raising capital in the current scenario is not easy for startups," said Aurojyoti Bose, Lead Analyst at GlobalData.