City Beijing Financial News

By Faith Hung and Rae Wee

BEIJING — A new group of Asia-based companies are contemplating initial public offerings in the U.S., where international listings were once driven mostly by Chinese startups.

By Casey Hall and Amy Lv

Federal investigators have concluded that a 2021 rupture of an undersea oil pipeline off the Southern California coast was likely caused by the proximity of anchored shipping vessels

Moody’s Investors Service cut its outlook for Chinese sovereign bonds to negative, underscoring deepening global concerns about the level of debt in the world’s second-largest economy.

Moody’s Investors Service cut its outlook for Chinese sovereign bonds to negative, underscoring deepening global concerns about the level of debt in the world’s second-largest economy.

Hong Kong’s most prominent pro-democracy activists, who was imprisoned in the wake of the 2019 Hong Kong protests, said on Sunday that she has left the city for Canada and plans to never return.Agnes Chow, 27, became a face of Hong Kong’s pro-democracy movement after she helped establish the Demosisto political party in 2016 alongside other young activists Joshua Wong and Nathan Law. The group disbanded hours after Beijing passed a sweeping national security law in 2020 that put a chilling effect on political activism in the city, and has been criticized by western governments for stifling free expression and interfering with Hong Kong’s semi-autonomous status as a former British colony.Chow was arrested in 2019 for allegedly inciting an unauthorized protest outside Hong Kong police headquarters.

BEIJING — More controls on tech exports to China will be coming as needed, despite business concerns, U.S. Commerce Secretary Gina Raimondo told CNBC in an exclusive interview.

BEIJING (Reuters) — China's services activity expanded at a quicker pace in November, a private-sector survey showed on Tuesday, as the upturn in new businesses were the best seen for three months amid reports of firmer market conditions.

Myanmar, China’s gateway to the Bay of Bengal region, has emerged as a headache for Beijing in the backdrop of recent conflicts along the common land border. On November 24, there was an attack on a convoy of trucks bringing goods into Myanmar from China and this was followed by live-fire drills by the Chinese PLA along the China-Myanmar border on the very next day. These developments coincided with China’s Ambassador Chen Hai’s meeting with Myanmar’s Foreign Minister Than Swe.

Chinese firms can now use the digital yuan to pay into employee housing funds, as the nation’s banks look for new CBDC applications.

Myanmar, China’s gateway to the Bay of Bengal region, has emerged as a headache for Beijing in the backdrop of recent conflicts along the common land border. On November 24, there was an attack on a convoy of trucks bringing goods into Myanmar from China and this was followed by live-fire drills by the Chinese PLA along the China-Myanmar border on the very next day. These developments coincided with China’s Ambassador Chen Hai’s meeting with Myanmar’s Foreign Minister Than Swe.

TAIPEI (Reuters) — Taiwan President Tsai Ing-wen appealed to voters on Sunday to think of what had happened to Chinese-controlled Hong Kong when they cast their ballots next month, saying peace must be backed up with a commitment to boost defences.

MANILA: The Philippines said Sunday more than 135 Chinese vessels were «swarming» a reef off its coast, describing the boats' growing presence as «alarming». The Chinese boats were «dispersed and scattered» within the boomerang-shaped Whitsun Reef, which the Philippines calls Julian Felipe Reef, around 320 kilometres (200 miles) west of Palawan Island, the coast guard said. Whitsun Reef is more than 1,000 kilometres from the nearest major Chinese landmass of Hainan island. The Philippines said it counted 111 «Chinese maritime militia vessels» (CMM) on November 13.

BEIJING (Reuters) — China is likely to implement proactive fiscal policy next year as there is still a need for the world's second-biggest economy to realise stable growth, a former central banker was cited as saying in state-owned media on Sunday.

BEIJING (Reuters) — A key Chinese financial regulator said on Sunday it would accelerate reform of small and midsize financial institutions as it steps up its oversight of the sector.

Hong Kong court will convene a hearing on Monday on troubled Chinese property developer Evergrande's plans for restructuring its more than USD 300 billion in debts and staving off liquidation. The company, the world's most indebted property developer, ran into trouble when Chinese regulators cracked down on excessive borrowing in the real estate sector. Last month, the company said Chinese police were investigating Evergrande's chairman, Hui Ka Yan, for unspecified suspected crimes in the latest obstacle to the company's efforts to resolve its financial woes.

new space race heats up and lunar mining has raised key legal issues, the US is turning to private companies to advance its outer space goals. Emphasizing the need to encourage the private sector to explore the investment possibilities on the moon, Michael Usowski, Senior Defense Intelligence Analyst for Space and Counterspace at the Defense Intelligence Agency (DIA), told Fox News, «If we want to maintain our lead, then we need to continue to invest and ensure that we're the ones setting the pace and not another entity.»

HONG KONG—Investing in China has never been this perilous. When global investors flocked to the country during its economic boom in the past decade, geopolitical risks were at the back of their minds. Such risks are now a top consideration for buyers of Chinese stocks, bonds and stakes in private companies—and are turning many people off investing in China.

stock positions occurred during Thursday's (November 30) trading session, where Alibaba's market value slipped below that of PDD. This is a significant turn for an industry Alibaba once dominated for over a decade. During Hong Kong intraday trading, Alibaba experienced a 1.4 percent decline, causing its market value to briefly fall to around $187 billion, momentarily placing it beneath US-listed PDD Holding's valuation of $188.3 billion, Bloomberg reported.

Meta (formerly Facebook) has said that it recently took down a network of thousands of fake and misleading accounts based in China. The users pretended to be Americans and attempted to promote divisive content about the US politics and the US-China ties. Abortion, culture war issues, and help to Ukraine were among the topics covered by the network, reports BBC.