China Financial News

When the governing council of the Bank of Canada met at policy-setting meetings beginning Aug. 31 to consider pausing or increasing the central bank’s key overnight interest rate, they concluded that earlier rate hikes were beginning have an effect on the economy.

The fund will be managed by Roger Merz (pictured left) and Thomas Schaffner (right).

The open-source nature of many hardware cryptocurrency wallets allows one to build a do-it-yourself (DIY) wallet like Trezor from scratch, but it requires certain skills.

rupee ended flat on Thursday as broad strength in the greenback was offset by exporter dollar sales and fears of potential central bank intervention to limit the downside, traders said. The rupee ended at 83.09 against the U.S. dollar, little changed from 83.0725 in the previous session. Asian currencies were mostly weaker, with the Korean won leading losses as dollar strength weighed on emerging market currencies. The dollar index rose to a six-month high in Asia and was last quoted at 105.54.

By Kevin Yao

Over the years, Bitcoin's (BTC) energy consumption data which posed serious concerns from several quarters has become more positive toward sustainability.

SHANGHAI (Reuters) — As China's stock market struggles to recover, regulators have started to probe some hedge funds and brokerages on quantitative trading strategies amid a growing outcry against a sector able to profit from share price falls and volatility, sources said. The China Securities Regulatory Commission (CSRC) has checked with several major brokers over the past weeks about short-selling activities and trading strategies of their quant clients — funds that trade rapidly using derivatives and data-driven computer models, two people with direct knowledge of the probe said. Separately, the Shanghai and Shenzhen stock exchanges, under the CSRC's guidance, have sought information from major quant funds on their money-making strategies, another source said. «They want to know the logic of the trading (strategy), the source of the profit; under which situation you hold net long, or net short positions… and the reason behind buy and sell orders,» the source said.

China's top diplomat, then the commander and political commissar of the People's Liberation Army Rocket Force (PLARF), and now the country's minister of defense. The list of disappearing leaders just continues to mount, as Beijing draws a veil of secrecy over the obvious failure of the regime's efforts to curb personal greed and excesses. Speculation about the fate of Defense Minister Li Shangfu took on a new luster when US Ambassador to Japan Rahm Emanuel cheekily tweeted that the «unemployment rate» in the Chinese government was very high.

BEIJING (Reuters) — The 10th China-EU High-Level Economic and Trade Dialogue will be held in Beijing on Sept. 25, the Chinese commerce ministry said on Thursday.

BANGKOK (Reuters) — Thailand's central bank is monitoring the weak baht, which is not entirely bad for the economy and could help the key export and tourism sectors, the prime minister said in remarks aired on Thursday, as the baht hit multi-month lows.

Australia’s largest fruit and vegetable processor is set to bid farewell to public life.

G20 summit in Delhi on September 9th and 10th—an unprecedented absence. But on September 16th and 17th Wang Yi, who succeeded Mr Qin as foreign minister in late July, met America’s national security adviser, Jake Sullivan, in Malta. According to Bloomberg, they discussed a possible meeting between Mr Xi and President Joe Biden at a gathering of Asia-Pacific leaders scheduled for November in San Francisco.

New Chinese “Super SIM” cards will function as digital yuan wallets, smartcards, and ID cards as the nation’s CBDC pilot continues.

Syrian President Bashar Assad arrived in China on Thursday on his first visit to the country since the start of Syria's 12-year conflict during which Beijing has been one of his main backers. China's foreign ministry said Assad would attend the opening ceremony of the Asian Games, an international sports event beginning Saturday in the eastern Chinese city of Hangzhou. Assad's office said earlier that the Syrian leader was invited by Chinese President Xi Jinping for a summit and would bring with him a high-ranking Syrian delegation. China has been expanding its reach in the Middle East after mediating a deal in March between Saudi Arabia and Iran, and it continues to support Assad in the Syrian conflict, which has killed half a million people and left large parts of the nation in ruins. China could play a major role in the future in Syria's reconstruction, which is expected to cost tens of billions of dollars.

Investing.com-- Most Asian currencies tumbled on Thursday, while the dollar rose to six-month highs after the Federal Reserve warned that U.S. interest rates will remain higher for longer. 

A bill designed to block the potential launch of a US central bank digital currency (CBDC) has progressed to the floor of the US House of Representatives following the house committee approval on Wednesday. 

Nvidia Corp. Chief Executive Officer Jensen Huang visited four cities, dined with tech executives and researchers, took numerous selfies, and sat for a one-on-one conversation with Prime Minister Narendra Modi about the AI sector. Huang’s India itinerary was so crammed that he confessed to surviving entire work days on spicy masala omelets and cold coffees. Huang may have been treated like a head of state, but the trip’s purpose was all business. For Nvidia, whose graphics processors are vital to the development of artificial intelligence systems, the South Asian nation of 1.4 billion people presents a rare opportunity.

SHANGHAI — Chinese electric car brand Nio on Thursday released an Android smartphone, which the company expects at least half its users to buy, CEO William Li told CNBC in an exclusive interview ahead of the launch.

Investing.com-- Most Asian stocks sank on Thursday as the prospect of higher U.S. interest rates crimped the appeal of risk-driven assets, with focus now turning to more upcoming central bank rate decisions in the region. 

Vivek Ramaswamy on Thursday will unveil his plan on how the US will «declare independence from China.» The details regarding the event mentioned on Ramaswamy's official website read, «Political outsider and presidential candidate Vivek Ramaswamy will offer unprecedented detail on how the United States will declare independence from Communist China in a speech on Thursday, September 21.» In an address that he will deliver in Ohio's Columbus on Thursday, Ramaswamy said he will «delineate the heretofore-unexamined connection between the rise of 'stakeholder capitalism' in the West and China's use of that trend to achieve economic parity with the US by failing to adopt the constraints that multinational institutions apply to the US», Fox News reported citing a preview of his speech. Further, the preview of his policy speech also includes the use of forced data and technology transfers and even «pro-CCP US lobbying as a condition» to acquire licenses to do business in China, including but not limited to applying constraints in the US while not being able to apply such caps in Beijing. Ramaswamy will speak about what he terms a «pro-trade approach to sensibly decoupling from China» and «knocked conservatives» who do not support a «trade-led agenda» and call it «unserious.» He will call for declaring independence from the climate agenda of the US and «declare independence from China» abroad. He will emphasise that the climate agenda has nothing to do with climate and has everything to do with «allowing Beijing to catch up to the US». The preview of the speech reads further, «Electric vehicle agenda worsens dependence on China for rare earth minerals and mineral refining capacity: when U.S.

By Patricia Zengerle