China Financial News

11.05 / 10:03

UPS FIVE China Consumer Inflation Accelerates Modestly

HONG KONG—China’s consumer inflation edged up in April and factory-gate price pressures remained elevated as Covid-19 lockdowns jammed up logistics networks and the Ukraine war pushed up global energy prices.

11.05 / 08:21

COST UPS Target Reuters China's consumer prices hit a six-month high as Covid prompts locals to stock up on food

BEIJING — China's consumer and producer prices rose more than expected in April, according to data from the National Bureau of Statistics released Wednesday.

11.05 / 04:55

BlackRock BlackRock downgrades outlook for Chinese assets citing ‘Beijing’s ties to Russia’

BlackRock has downgraded its outlook for Chinese stocks and bonds on the back of weakening growth expectations and geopolitical risks — two months after the world’s largest asset manager revealed it had placed them under review.

11.05 / 03:09

CBDC Adoption banking Chinese Banks Launch Automatic Digital Yuan-to-Fiat Conversion Tools

Chinese banks are exploring new methods of enabling digital yuan users to earn interest on their central bank digital currency holdings – with “smart management” tools that can detect when funds have been left idle for long periods of time.

10.05 / 22:59

President Leonid Kravchuk: Ukraine's first President dies aged 88, says Kyiv

Ukraine's first President Leonid Kravchuk has died at the age of 88, officials in Kyiv have stated.

10.05 / 16:39

UPS Provident VISA Executive Backed Top crypto Visa's top crypto executive Terry Angelos leaves for Softbank-backed brokerage start-up DriveWealth

One of Visa's top executives is leaving the payments giant for a brokerage technology start-up, CNBC has learned.

10.05 / 15:47

Tesla fall Tesla Among Biggest Losers as China’s Car Sales Fall on Covid Lockdowns

HONG KONG—Car sales in China declined 36% in April from a year earlier, the worst fall in more than two years, as weekslong anti-Covid lockdowns in parts of the country shutter factories, disrupt supply chains and keep car buyers at home.

10.05 / 14:05

BlackRock BlackRock downgrades outlook for Chinese assets citing ‘Beijing’s ties to Russia’

BlackRock has downgraded its outlook for Chinese stocks and bonds on the back of weakening growth expectations and geopolitical risks — two months after the world's largest asset manager revealed it had placed them under review.

10.05 / 08:39

UPS Citi FIVE More U.S. companies in China cut forecasts, scale back investments as Covid persists

BEIJING — More U.S. businesses in China are cutting revenue expectations and plans for future investment as Covid controls drag on, a new survey found.

09.05 / 14:45

Bitcoin Bitcoin Price Traffic Deribit and OKX attract significant traffic from China despite a blanket ban: report

Data from website traffic metric provider Similarweb shows that Deribit and OKX continue to attract significant traffic sources from China despite a blanket ban on crypto transactions and foreign exchanges last year.

09.05 / 12:33

China’s Trade Slows as Demand Drops and Covid Lockdowns Hit Supply Chains

SINGAPORE—China’s trade with the rest of the world withered in April as Covid-19 lockdowns shut factories and crippled supply chains, adding to signs of a broad slowdown in the world’s second-largest economy.

08.05 / 22:19

week Economy Week Ahead: U.S. Inflation, China’s Exports in Focus

Policy makers, economists and investors will be watching for signs that inflation in the U.S. peaked in March and price pressures are slowly starting to ease.

08.05 / 17:07

Election of new Hong Kong leader "violates democratic principles"

Hong Kong has a new leader to replace outgoing Chief Executive, Carrie Lam.

08.05 / 17:07

China Remains an Outlier in a World of Surging Inflation

HONG KONG—As inflation soars around the world, the world’s second-largest economy has kept it at bay.

07.05 / 08:59

business Adoption Report Research NFT market well-positioned to grow 35% into a $13.6B industry by 2027

Reflecting the growing interest in the non-fungible token (NFT) space among today’s investors, new research predicts that the existing $3 billion market size will reach $13.6 billion by the end of 2027.

07.05 / 03:03

CBDC Adoption boost Alipay Provides Digital Yuan Boost as COVID-19 Deals PBoC Blow

The e-payments giant Alipay, part of the Alibaba business empire, has added an advanced search function for users wishing to use its platform to make payments using the digital yuan within the fast-expanding pilot zone.

07.05 / 00:11

Tether Asia TRON Bitcoin crypto market cap Any dip buyers left? Bulls are largely absent as the total crypto market cap drops to $1.65T

The total crypto market capitalization has been trading within a descending channel for 24 days and the $1.65 trillion support was retested on May 6. The drop to $1.65 trillion was followed by Bitcoin (BTC) reaching $35,550, its lowest price in 70 days.

07.05 / 00:09

European Union abortion rights France's left-wing parties agree on legislative alliance

France's left-wing parties have formed a historic agreement to create a new union ahead of the June legislative elections.

06.05 / 21:11

business CBDC Survey Central Bank 90% of surveyed central banks are exploring CBDCs — BIS

A survey conducted by the Bank for International Settlements, or BIS, suggested that many central banks around the world are looking into rolling out a central bank digital currency, or CBDC.

06.05 / 20:47

Twitter SEC Bitcoin SEC vs. NVIDIA, Sanctioned Bitcoin Mixer, Bluesky Code, VCs Target NFTs + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

06.05 / 16:03

Progressive HSBC Why splitting HSBC won’t clear political landmines

HSBC, Europe's most valuable bank, makes most of its money in Asia but is headquartered in the UK Now its largest shareholder, China's Ping An Insurance, is pushing for strong measures to rectify this unwieldy arrangement — including a potential spinoff of the Asian business.

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