China Financial News

SINGAPORE—As TikTok pushes to expand its e-commerce business globally, the viral short-video app is turning to a group of sellers for help: Chinese merchants. TikTok is hoping such vendors will expand its online retail offerings. However, the app’s background as a haven for catchy dances and lip syncs has confounded even experienced sellers, more accustomed to retailing on traditional shopping platforms such as Amazon.com.

Increased steel production in China is pushing iron ore prices higher but resulting in lower margins for Australian steel makers including BlueScope.

manufacturing renaissance. President Joe Biden claims much of the investment is the result of financial incentives resulting from the Chips and Science Act and the Inflation Reduction Act (IRA), two of his signature policies. But state and local giveaways also help.

Visitors to China can now buy digital yuan tokens with overseas cards via the central bank’s official CBDC mobile app.

Hong Kong’s financial watchdog confirmed Monday that it would publish the list of cryptocurrency trading firms that have applied for licenses to operate in the Chinese territory, in the wake of the JPEX scandal.

Also Read: NSE plans to extend trading hours for derivatives segment in a phased manner: Report While developers are pinning their hopes on the upcoming Golden Week holiday period to revive home sales, a rapid cooling of a late-August rally in property shares shows any relief may be short lived, Bloomberg reported. Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Meanwhile, China Oceanwide Holdings Ltd.

Exciting news! Mint is now on WhatsApp Channels :rocket: Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! https://whatsapp.com/channel/0029Va91YSeGehEM6oMesj3d Cong Lin, a former executive at China Renaissance Holdings Ltd. who was called in by regulators a year ago and has since been arrested, worked with him at ICBC, according to the Financial Times, said Bloomberg in its report.

Canada’s defence minister isn’t saying whether the federal government’s Indo-Pacific strategy could be reassessed in light of heightened tensions with India over allegations that Indian government agents may be linked to the murder of a Sikh activist on Canadian soil.

Mixin Network has revealed that the database of its cloud service provider was attacked on September 23, resulting in the loss of a substantial sum of assets on the mainnet.

Asian Games 2023: India's Day 3 schedule Sept 25; check who’s competing today, live-streaming details The women's shooting squad from India, comprising Ramita, Ashi Chouksey and Mehuli Ghosh, clinched the second position in the women's 10m air rifle team competition. Their collective score of 1886.0 secured them the coveted silver medal, marking India's inaugural medal achievement in this edition of the Games.

Team India's shooting trio, Divyansh Panwar, Rudrankksh Patil, and Aishwary Tomar, clinched gold in the men's 10 m air rifle team shooting event at the ongoing Asian Games in Hangzhou on Monday. Their impressive score of 1893.7 not only secured the top spot but also shattered China's world record of 1893.3 points set in August 2023. The silver medal was bagged by South Korea, with a total of 1890.1 points. China fell way behind to secure the bronze with 1888.2 points. This is India's first gold in the Asian Games Hangzhou. «Shooting their way to the top. First gold for India @RudrankkshP, @DivyanshSinghP7, and Aishwary Pratap Tomar have hit the bullseye and secured the st Gold for India in the 10m Air Rifle Men's Team event at the #AsianGames2022.

The masterminds behind Hong Kong’s JPEX alleged crypto exchange scandal — referred to by some as the largest financial fraud to ever hit the city — have eluded authorities despite 11 people already being taken in for questioning in relation to the case.

Shares of China Evergrande plunged as much as 24% on Monday after the embattled developer said it was unable to issue new debt due to an ongoing investigation into one of its subsidiaries, dealing a fresh blow to its restructuring plans.

prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that could dampen demand. Brent crude futures climbed 48 cents, or 0.5%, to $93.75 a barrel by 0110 GMT after settling 3 cents lower on Friday. U.S. West Texas Intermediate crude futures extended gains for a second straight session, trading at $90.53 a barrel, up 50 cents, or 0.6%. «Crude oil prices have started the week on the front foot, as the market continues to digest Russia's temporary ban on diesel and gasoline exports, into an already tight market, offset with the Fed's hawkish message that rates will stay higher for longer,» IG Markets analyst Tony Sycamore said. Both contracts snapped a three-week winning streak to fall last week after a hawkish Federal Reserve stance rattled global financial sectors and raised oil demand concerns. Prices had rallied more than 10% in the previous three weeks on forecasts of a wide crude supply deficit in the fourth quarter after Saudi Arabia and Russia extended additional supply cuts to the end of the year. Last week, Moscow temporarily banned gasoline and diesel exports to most countries in order to stabilise the domestic market, fanning concerns of low products supply especially for heating oil as the northern hemisphere heads into winter. In the United States, the number of operating oil rigs fell by eight to 507 last week, their lowest since February 2022, despite higher prices, a weekly report from Baker Hughes showed on Friday. Expectations of better economic data this week from China, the world's largest crude importer, also lifted sentiment.

Asian shares were hesistant on Monday after central banks last week reinforced the message that interest rates will stay higher for longer, while investors braced for inflation data from the U.S. and Europe.Markets will also be looking for further clues on whether China's economy is regaining traction. The yen nursed losses at more than nine-month lows at 148.38 per dollar, after the Bank of Japan made no change to its dovish monetary policy. Ten-year Japanese bond yields settled at a decade high of 0.745%. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.1% on Monday, after a 2.3% fall the previous week to fresh ten-month lows.

Top ten stocks that are likely to be in focus on Monday include SBI, Reliance, Delta Corp, Bajaj Finance, JSW Steel, SJVN, LIC, ICICI Lombard, and Blue Star. Canara Bank, Delta Corp, Granules India, Hindustan Copper, Indiabulls Housing Finance, and Manappuram Finance are the six stocks that are a part of the F&O ban list by the stock exchange today.Asian stocks traded on a cautious note on Monday as central banks around the world warned of higher interest rates for longer and investors braced for key inflation data from the US and Europe.

Sensex and Nifty 50 ended lower for the fourth consecutive session on Friday weighed down by weak global cues as the US Treasury yields rose to their multi-year high levels and crude oil prices rose by about a percent. “We expect the market to remain under pressure in the near term given the global concerns. Thus, we suggest investors to have higher allocation towards defensive and large-caps.

Bloomberg Barclays Emerging Markets bond index to advance a scheduled review to early October so that a decision on India, now featuring on the competing JP Morgan gauge, can be brought forward by a quarter to give bulge-bracket investors tracking the benchmark an option to incrementally buy about $25 billion of bonds issued by one of the least indebted major economies. A couple of large US-based firms are at the forefront of the group of investors that made the review rescheduling demand as JP Morgan's decision last week threatens to reduce competitiveness of the Bloomberg Barclays Global Aggregate index, sources aware of the development told ET. Furthermore, these investors haven't even linked the potential inclusion to trade settlement on an international platform, reflecting India's increasing relevance for global indices that must recast themselves to reflect exclusion of Russia and tepid growth in China.Tax Talks «The investors have communicated to Bloomberg Barclays that they do not have a problem with the domestic delivery and payment system of settlement and that the Euroclear settlement is not a hurdle either,» a source said. Usually, managers of the Bloomberg Barclays index review the constituents and weights in the first quarter of a calendar year. Typically, overseas investments into instruments featuring on the gauge begin around nine months after the index inclusion is announced.AUM Nearly Equals GDP If included, India could be given a 0.8% weightage in the Bloomberg Barclays EM index, which has assets under management (AUM) of around $3 trillion.

Content creation has become big, big business, with top social media stars able to build multi-million dollar, global enterprises on the back of an intelligently-curated YouTube channel or TikTok or Instagram account.

SEVENTEEN, the popular K-pop group, is gearing up for their 11th mini album release titled "SEVENTEENTH HEAVEN" on October 23. However, a recent teaser release stirred some controversy, leading to its deletion.

Ana Rodriguez. India accounts for 11% of Lladro's global sales. The company generates 69% of its business from heritage concept (high porcelain, classic sculptures, home and licences), 21% from new concept (design sculptures, scent and jewellery), and 10% from lighting. Lladro will also have an «important» investment plan for developing online sales in the country next year, besides launching more mono-brand stores in the country, according to Rodriguez. With the new boutique, Lladro now has eight own-brand stores in India in markets such as New Delhi, Gurugram, Mumbai, Bengaluru, Hyderabad, Chennai and Kolkata. «For us, India is not only a key market but a very strategic market,» Rodriguez told ET.