City Beijing Financial News

BEIJING (Reuters) — The deputy governor of China's central bank said on Thursday there is ample monetary policy room to deliver further cuts to banks' reserve requirement ratio (RRR), underlining market expectations for more easing measures to bolster the economy.

BEIJING — The U.S. Congress increasingly has its eye on American capital that's allegedly funded China's military development, indicating that greater scrutiny on U.S. investments into China may outlast presidential terms and become part of law.

Biden administration is considering blacklisting a number of Chinese semiconductor firms linked to Huawei Technologies Co. after the telecom giant notched a significant technological breakthrough last year, people familiar with the matter said. Such a move would mark another escalation in a US campaign to ringfence and curtail Beijing’s AI and semiconductor ambitions. It would ratchet up the pressure on a Chinese national champion that’s made advances despite existing sanctions, including producing a smartphone processor last year that many in Washington thought beyond its capabilities.

Chinese accident investigators have indicated they have not yet determined the cause of a 2022 plane crash that killed all 132 people on board

Chinese nationalists have unleashed a wave of online attacks targeting China’s richest man, accusing him of being insufficiently patriotic and denting his business, a reminder of the risks facing entrepreneurs despite Beijing’s efforts to restore confidence among private investors. Zhong Shanshan, the founder of bottled-drinks giant Nongfu Spring, has been under assault for weeks on Chinese social-media sites from users questioning his loyalty to China. Nongfu Spring’s stock price has dropped since the online attacks began.

Sri Lanka has said it will allow foreign offshore research ships for replenishments at its ports despite a one-year ban on such vessels, a senior official has said after China protested to Colombo for allowing a German survey ship but turning down Beijing's similar request. This is the first time Sri Lanka has officially admitted that foreign research vessels will be allowed for replenishments since President Ranil Wickremesinghe's government imposed a one-year ban on offshore research vessels in December last year after strong security concerns raised by India and the US following the visit of two Chinese high-tech research vessels in 14 months. «The ban on foreign ships is for research purposes, not on replenishment,» the Economy Next portal quoted Niluka Kadurugamuwa, Sri Lanka's Foreign Ministry Spokesman, as saying. «There was a German research vessel recently for replenishment and Sri Lanka allowed it,» he said.

SHANGHAI (Reuters) -Apple CEO Tim Cook said he is currently visiting Shanghai, according to a post on his Weibo (NASDAQ:WB) account on Wednesday.

BEIJING (Reuters) -China's central bank said it has reshuffled its monetary policy committee to include securities regulator head Wu Qing, vice central bank chief Xuan Changneng and two new academic members.

Hong Kong’s lawmakers unanimously passed a new national security law that grants the government more power to quash dissent in the southern Chinese city

Hong Kong has passed a new national security law that could redefine the liberties of its citizens, and its role on the world stage

Investing.com-- The People’s Bank of China kept its benchmark loan prime rate unchanged on Wednesday, as expected,  amid persistent doubts over an economic recovery in the country. 

BEIJING — Trade tensions between Europe and Beijing will likely escalate due to China's growing ability to manufacture more cheaply in strategic industries, according to Jens Eskelund, president of the European Union Chamber of Commerce in China.

It is the time of year when throngs of Western corporate chieftains and big-name investors descend on Beijing to pay homage to China’s leadership. This time, the focus will be just as much on who is there to greet them. Chief executives including Tim Cook of Apple, Cristiano Amon of Qualcomm, Albert Bourla of Pfizer and Stephen Schwarzman of Blackstone, as well as Bridgewater Associates founder Ray Dalio, are expected to attend the annual government-sponsored China Development Forum that starts on Sunday in Beijing, according to people familiar with the matter.

Troubled property developer China Evergrande Holding says Beijing's stock watchdog has fined it 4.2 billion yuan ($333.4 million) for allegedly falsifying its revenue, among other allegations

Chinese Foreign Minister Wang Yi has begun a diplomatic tour of New Zealand and Australia, meeting with his New Zealand counterpart Winston Peters in Wellington

By Yelin Mo and Brenda Goh

Chinese handset brands operating in India are facing a tough balancing act amid continued geopolitical tensions between New Delhi and Beijing. While the Indian government is nudging these brands to add local executives in top decision-making leadership roles, many are apprehensive to come on board due to the limelight and scrutiny that comes along with the job in a Chinese company. Officials aware of the details told ET that the government is hopeful that Chinese brands will soon hire local talent for key leadership roles in their Indian operations, like what they did for distribution and marketing.

S Jaishankar. It is important to note that the India-Ukraine inter-governmental commission—established in April 1994—oversees all aspects of the bilateral relationship including trade, economic, scientific, technological, industrial and cultural cooperation. The Ukrainian foreign minister’s India visit has yet not been officially announced by either of the countries, though he is expected to be in New Delhi around March 28, the report said.

BEIJING —  China's economic data for the first two months of the year beat analysts' expectations on Monday.

BEIJING (Reuters) — China's factory output sped up in the January-February period and beat expectations, marking a solid start for 2024 and offering tentative relief to policymakers who are seeking to shore up faltering economic growth.

BEIJING (Reuters) — Property investment in China slid 9.0% year-on-year in the first two months of 2024, compared with a 24.0% fall in December 2023, National Bureau of Statistics (NBS) data showed on Monday.