China Financial News
05.09 / 13:49
UPS
CEO
Software
Samsung
Xiaomi
Indian
How Honor plans to make its comeback into Indian market
Honor sees India as a “huge” market and is working with its local partners on setting up operations to tap into the opportunities in the world’s second largest smartphone market where it is seeking a re-entry, said its CEO George Zhao. “India is a huge market for everyone. We are very careful about the market.
05.09 / 13:31
business
Technology
Baidu
Meta
OpenAI
Baidu CEO Robin Li says more than 70 AI models already released in China
The CEO of Chinese tech company Baidu, Robin Li, said on Sep. 5 that more than 70 artificial intelligence (AI) models have been released in the country, according to a report from Reuters.
05.09 / 13:27
05.09 / 13:27
05.09 / 13:27
UPS
COMPOSITE
show
country
Oil prices retreat after weak Chinese, European activity data
Investing.com — Oil prices fell Tuesday, retreating from their highest levels this year as weak Chinese services activity data pointed to more headwinds for the world’s second largest economy, and largest crude importer.
05.09 / 13:27
VISA
NASDAQ
DOW
COMPOSITE
country
Futures slip, Goldman Sachs cuts recession chances - what's moving markets
Investing.com -- U.S. stock futures edge down following the Labor Day holiday, with traders trying to suss out the path ahead for price gains and the wider economy. Meanwhile, Goldman Sachs reduces the chances that America will slip into a recession over the next 12 months, pointing to recent labor and inflation data. Elsewhere, weak overseas demand weighs on activity in China's services sector.
05.09 / 12:49
UPS
FIVE
NIFTY
performer
country
Indian
Returns
At 10.9%, Indian stock market delivered higher returns than US, China, others in last 10 years: Report
Indian stock market has outperformed major markets in the world on a three-year, five-year and 10-year basis. The Nifty large cap index has delivered a 10.9 per cent annualized return over the past 10 years, compared to 6 per cent of the US index and 2.7 per cent of China's market, according to a report by ASK Investment Managers. In the last five years, Indian markets delivered 18.8 per cent annualized return, compared to 6.9 per cent of US, 12.1 per cent of Japan index, and 7.6 per cent of US index.
05.09 / 12:39
country
Indian
settlement
2024
Instant settlement of Indian stock market trades to come in by October 2024
Currently trades in India are settled in «T+1» or one day after the trades are initiated. Instant settlement would ensure trades are settled immediately. For foreign investors, the instant trade settlement would be optional and not mandatory, the source said. To start, the regulator would implement settlement within one hour of the trade, with instant settlement coming some months later. «By March 2024 we hope to first move towards one hour settlement cycle, since exchanges and clearing corporations say they need more time to work on the systems for instant settlement,» the source said. India is the second country after China which operates on a short settlement cycle of one day.
05.09 / 12:09
05.09 / 11:39
UPS
FIVE
Compilation
Enterprise
show
Funds sell-off China stocks for lowest position in 11 months
A record selloff in Chinese stocks by global funds has pushed their positioning to the lowest since October, with money managers unswayed by the stimulus measures that have been coming through over the past few weeks.
05.09 / 11:39
Provident
Target
FIVE
Progressive
JPMorgan
Action
cover
Global banks lagging on climate change action, report warns
The world’s biggest banks aren’t telling stakeholders what they need to know to judge how big the industry’s carbon footprint is, according to a fresh study.
05.09 / 10:47
UPS
Reuters
Waters
show
WTO
China's Fukushima-linked seafood ban is unacceptable, Japan tells WTO. Top points
ASEAN Summit in Indonesia and G20 Summit in India this month, chief cabinet secretary Hirokazu Matsuno told reporters on Tuesday as reported by Reuters. 3. In another news, the Japanese PM Fumio Kishida also announced that a 20.7 billion yen ($141 million) emergency fund to help exporters hit by China's ban on Japanese seafood over the release of treated radioactive wastewater from the damaged Fukushima nuclear power plant.
05.09 / 08:53
COST
Reuters
Ripple
Williams
BURST
country
Why Xi's Chinese miracle was just a mirage and how the big economic bubble may go bust
Xi Jinping's ambitious reform agenda, now seems to be more of a mirage than a miracle, as reported by Reuters. A decade ago, these reforms aimed to steer China towards a Western-style free-market economy driven by services and consumption by 2020.
05.09 / 08:05
UPS
Action
Racing
As Taiwan's government races to counter China, most people aren't worried about war
Taiwan’s government is racing to counter China, buying nearly $19 billion in military equipment from the United States, and extending military conscription for men to a year starting in 2024
05.09 / 06:35
Progressive
Manufacturing
Platform
Huawei
social
Huawei and SMIC unveil advanced 7nm Processor for Mate 60 Pro, signaling China's chipmaking progress
Huawei commenced sales of its Mate 60 Pro smartphone. While the specifications highlighted its capability for satellite calls, details regarding the chipset's power were conspicuously absent, adds the report. This processor marks a significant milestone as it is the inaugural utilization of SMIC's cutting-edge 7nm technology.
05.09 / 06:07
Citi
FIVE
Baidu
stage
social
Meet Ernie, China’s answer to ChatGPT
premier artificial intelligence (AI) chatbot, which was released to the public on August 31st, reckons that covid-19 originated among American vape-users in July 2019; later that year the virus was spread to the Chinese city of Wuhan, via American lobsters. On matters of politics, by contrast, the chatbot is rather quiet. Ernie is confused by questions such as “Who is China’s president?" and will tell you the name of Xi Jinping’s mother, but not those of his siblings.
05.09 / 04:55
Reuters
Southern
show
NOT
Why China's President Xi Jinping is not attending G20 Summit in India? Explained
Premier Li Qiang will attend the G20 Summit in India which is scheduled to take place on September 9 and 10 in the national capital, instead of President Xi Jinping. That would make him the second major leader after Russia’s President Vladimir Putin to skip the event.
05.09 / 04:55
NIFTY
SENSEX
Rupee opens 3 paise lower at 82.78 against the US dollar
rupee ended 3 paise lower at 82.75 a dollar. “The rupee is expected to appreciate today amid improving risk appetite in global equities. Increasing hopes of China’s stimulus and Fed pause in its interest rate hike cycle could limit the upside in the dollar.
05.09 / 04:55
Progressive
Fighting
country
social
blues
G20 Summit in India: Who are the attendees and absentees? Check detailed list here
G20 Summit on September 9 and 10, with leaders from 20 countries anticipated to participate in this significant event in New Delhi. Prime Minister Narendra Modi has stated that this G20 Summit in India will be historic, as it will witness the largest gathering of world leaders. According to a report by News 18, more than 40 world leaders are expected to take part in the summit in New Delhi.
05.09 / 03:55
breaking news about China
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