City Beijing Financial News

China's ceremonial legislation has endorsed the promotion of Pan Gongsheng to serve as central bank governor

Lawmakers intent on reducing China’s influence on the U.S. economy are seeking to push the Treasury Department to reduce the scale of Beijing’s influence at the Inter-American Development Bank, which supports economic and social development in Latin Am...

Power shifts in China were always high on intrigue, but its foreign ministry has developed what looks distinctly like cloak-and-dagger characteristics. The country’s December-appointed foreign minister Qin Gang first vanished from public view.

Investing.com — The stars seem aligned for oil bulls’ wish to have a barrel priced at no less than $80.

BEIJING (Reuters) — China's securities regulator said on Tuesday it will further deepen the reform and opening up of capital markets in the second half of this year.

Investing.com — Crude oil prices stabilized near three-month highs on Tuesday, as traders waited for news from the Federal Reserve following signs of tighter supplies and promises by Chinese authorities to shore up the world's second-biggest economy.

The condition stays hidden and creeps up in people once they reach a certain age bracket. It is commonly seen in older adults who are above the age of 65. However, in some cases, the disease even showed up in people in their 30s and 40s.

China removed Foreign Minister Qin Gang from his post on Tuesday after a one-month absence from public duties, replacing him with his predecessor Wang Yi, state media said, after weeks of speculation about what had happened to him. Qin, 57, who only took up the job in December after a brief stint as envoy to the United States, had not been seen in public since June 25 when he met visiting diplomats in Beijing.

By Clare Jim and Karin Strohecker

By Rae Wee

SHANGHAI/BEIJING (Reuters) -China's major state-owned banks were seen selling U.S. dollars to buy yuan in both onshore and offshore spot markets in early Asian trade on Tuesday, three people with direct knowledge of the matter said, moves aimed at supporting the Chinese currency.

North Korea fired two short-range ballistic missiles into its eastern sea, South Korea's military said on Tuesday, adding to a recent streak in weapons testing that is apparently in protest of the US sending major naval assets to South Korea in a show of force. In its third round of launches since last week, North Korea fired the missiles just before midnight from an area near its capital, Pyongyang, South Korea's Joint Chiefs of Staff said. It said both missiles travelled around 400 kilometers (248 miles) before landing in waters off the Korean Peninsula's eastern coast.

«We expect some cautiousness ahead of the US Fed meeting where a 25 bps hike is expected, while investors keenly await commentaries. With the quarterly earnings season now at full pace during the week, we expect stock-specific action to continue in the market,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Option data suggests a shift in trading range in between 19500 to 20200 zones while an immediate trading range in between 19600 to 20000 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a negative startGIFT Nifty on the NSE IX traded 26 points, or 0.13 per cent, lower at 19,712, signaling that Dalal Street was headed for negative start on Tuesday.

A leading Russian lawmaker says China and Russia’s CBDCs may be “compatible” and could be used to make international payments between the nations.

China's top leaders signaled they will ease property policies and adopt a plan to resolve local debt risks to help boost the economy as the recovery falters. The Communist Party's 24-member Politburo its top decision-making body led by President Xi Jinping vowed at a key economic policy meeting to optimize and adjust policies for the property sector.

PARIS (Reuters) — Luxury giant LVMH unveiled on Monday a deal to sponsor next year's Olympic Games in Paris with top fashion brands Louis Vuitton and Dior, Moet Hennessy champagne and spirits labels and jeweller Chaumet, which will design medals for the event.

China, with Russia in tow, found themselves endorsing a document that embraces the Indo-Pacific as a viable regional construct. This goes against the grain of Chinese opposition to Quad.

China’s government has appealed to Japan not to disrupt the semiconductor industry after Japanese curbs on exports of chip-making technology took effect, adding to technology restrictions Washington and its allies on security grounds have imposed on Be...

much of the Northern hemisphere — and as temperatures skyrocket, so too are sales of sun protection gear that offers near-complete coverage.Accessories like the “facekini” are selling out in China as a means to cover up the face to protect against sunburns and skin cancer from ultraviolet (UV) radiation exposure. Facekinis are somewhat like balaclavas, with holes for the eyes and mouth, though they’re typically made of lightweight, synthetic fabrics such as polyester.They’re typically all one colour but a popular style mimics Chinese-opera-style makeup.Facekinis are nothing new in China, and have been popular particularly in Qingdao, a northeastern city known for its beaches, for many years now.

By Ellen Zhang and Kevin Yao

China’s monopoly on rare earths, minerals crucial to the production of most modern hardware, would become a tool to counter American pressure. “Don’t say we didn’t warn you," the Communist Party mouthpiece thundered. For years the bluster was just that.