China Financial News

Sembcorp Industries on Monday said it has signed two separate agreements to acquire 428 MW of wind power assets in China and India for 200 million Singaporean dollar (about Rs 1,247 crore). Sembcorp, backed by Temasek Holdings Pte, will acquire 228 MW of operational wind power assets of Leap Green Energy Pvt Ltd for 70 million Singaporean dollar and 200 MW of Qinzhou Yuanneng for 130 million Singaporean dollar, the company said in a statement. With the latest acquisition, the company now has a balanced portfolio of 3.7 GW of renewable assets in India, comprising 2.25 GW of wind and 1.45 GW of solar assets. Last year, the company acquired Vector Green, adding 583 MW of renewable assets to its portfolio. «Sembcorp’s wholly-owned subsidiary, Sembcorp Energy (Shanghai) Holding Co., Ltd, has signed an agreement with Envision Energy Co., Ltd to acquire 100% of the share capital in Qinzhou Yuanneng Wind Power Co., Ltd, (Qinzhou Yuanneng) for an equity consideration of approximately S$130 million[1]. Qinzhou Yuanneng owns 200MW of operational wind assets in Guangxi, China,» the company said in a press statement, adding that separately, Sembcorp’s wholly-owned subsidiary, Green Infra Wind Energy Limited (GIWEL), has signed an agreement with Leap Green Energy Private Limited (Leap Green Energy), an independent power producer in Tamil Nadu, India. «Under the agreement, GIWEL will acquire from Leap Green Energy, 100% of the share capital in two special purpose vehicles (SPVs) for an equity consideration of approximately S$70 million.

Didi Global said on Monday its ride-hailing app had experienced a «systems malfunction» after users in multiple cities including Beijing and Shanghai said they were unable to book rides in the evening. The company apologised for the issue on its official Weibo account and said it was urgently trying to fix it.

British multinational bank Standard Chartered will partake in trials of China's digital yuan central bank digital currency (e-CNY CBDC), one of the first foreign banks to do so in the country.

COVID-19 pandemic, when disturbing images started pouring in from Wuhan. Gradually, the world got to know about the dangers of the coronavirus, which wreaked havoc across nations by killing thousands. Once again, the rising cases of respiratory illness in China have made people worried.

Martin Viecha, the Head of Tesla (NASDAQ:TSLA) Investor Relations (IR), has shared crucial insights regarding the upcoming first delivery event for the Cybertruck.

Hong Kong cryptocurrency exchange HKVAEX has not applied for a virtual asset trading platform license with Hong Kong’s Securities and Futures Commission (SFC), a spokesperson for HKVAEX has said.

BEIJING (Reuters) -China's central bank on Monday said it would fend off systemic risks to the economy and use forceful and targeted monetary policy to better support domestic demand.

diversify their businesses outside of China as tensions rise between Washington and Beijing. Also Read: 'Season of hot sales': Apple supplier Foxconn logs surprise jump in Q3 profit. Details here About half of Foxconn’s revenue comes from business with Apple Inc.

PricewaterhouseCoopers International Ltd., the global accounting firm, has cut its workforce in Canada by two per cent as sustained high interest rates push the nation’s economy toward a recession.

Stocks fell and gold climbed to a six-month high as data showed a sharp slowdown in China’s industrial profits, which reinforced investor concerns about its sluggish economy.

Crypto exchange HKVAEX, which is reportedly backed by Binance, has applied for a virtual asset trading platform license with Hong Kong’s Securities and Futures Commission (SFC). 

Investing.com-- Most Asian stocks fell on Monday tracking weak signals from China, while anticipation of a string of key economic readings this week kept markets largely on edge.

ZURICH (Reuters) -The Financial Stability Board (FSB) on Monday removed Italy's UniCredit from the list of global systemically important banks and moved three banks, including Switzerland's UBS, up a bucket.

Write to Rebecca Feng at [email protected] and Weilun Soon at [email protected] Alert!Livemint tops charts as the fastest growing news website in the world

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₹24,500 billion) by FY26, with electronics exports expected to hit $120 billion by then. These projections depend on India gradually reducing its dependence on electronics imports. At present, India fulfills a majority of its electronic needs through imports.

The OnePlus 12 is officially arriving in China on December 5 (not December 4, as previously reported) and as expected, OnePlus has kicked off teaser campaigns to hype its next flagship phone. The pre-orders have started even before launch. But unlike say, Samsung, OnePlus has revealed to would-be customers what the OnePlus 12 will look like. The TL;DR version is- it will look stunning.

Read here: Exit polls, GDP data, F&O expiry, auto sales to guide market direction this week The agency also noted that GDP exceeded the 2019 level by 15.5 percent in India in the first half of the current fiscal. Also, fixed investment has recovered considerably more than private consumer spending, it added. S&P also believes that it will take some time for India's interest rate cycle to turn as the headline inflation still remains above the RBI's target of 4 percent.

A state-owned Chinese bank will link the digital yuan to the “world’s biggest small commodities market” via the latter’s payment platform.

The JPEX incident has prompted the Hong Kong government to expedite the approval process for cryptocurrency products to promote compliance in the industry.

TikTok is trying to tap in to shoppers in the U.S. So-called social shopping is already a huge phenomenon in Asia. Success isn’t guaranteed—and politics could intervene.