City Beijing Financial News

Get ready for the return of mystery Chinese bidders. Herbert Smith Freehills is forecasting a pickup of Asian interest in Australia’s public companies after the region’s bidders deserted the local deals landscape in the last 12 months.

Although Eastern Asia - once a top market - has seen a decline in crypto activity over the past several years, Hong Kong may provide the region with "a potential tailwind," according to research firm Chainalysis.

The European Union has announced plans to better protect its cutting-edge technologies from foreign snooping that might threaten its economy and security

Singapore’s Temasek has hired investment bank Goldman Sachs to find a buyer for its 40 per cent of gas and electricity distribution giant Jemena.

The Heat Will Kill You First", a new book, America would have seen “the Hurricane Katrina of extreme heat". It is not just the United States, where 100m people are under heat-advisory notices, that is suffering. There is currently a spate of such heatwaves around the world.

China, which aims to become a major space power by 2030, has opened up a key lunar mission to international cooperation as mission deadlines loom for setting up a permanent habitat on the south pole of the moon. China welcomes countries and international organisations on its uncrewed Chang'e-8 mission and to jointly carry out «mission-level» projects, the China National Space Administration (CNSA) said at the 74th International Astronautical Congress in Baku, Azerbaijan, on Monday. Mission-level projects mean China and its international partners could launch and operate their spacecraft, conduct spacecraft-to-spacecraft «interactions», and jointly explore the surface of the moon, according to details announced on CNSA's website. International partners are also welcome to «piggyback» on the Chang'e-8 mission and independently deploy their own modules once the Chinese spacecraft lands, CNSA said. Interested parties must submit a letter of intent to CNSA by Dec. 31.

NEW DELHI : Speaking in Washington, external affairs minister S. Jaishankar declared it’s difficult to put a limit on India’s relations with the US.

Pro-Beijing leader Mohamed Muizzu has won the Maldives presidential election, beating incumbent president Ibrahim Solih in the second-round of the contest. This shift may raise alarms in New Delhi, apprehensive of China's growing influence in the traditionally Indian-aligned Maldives. Mint delves into the implications.

An official Chinese survey says the country's factory activity has recorded its first expansion in six months

An official Chinese survey says the country's factory activity has recorded its first expansion in six months

BEIJING (Reuters) — China's lottery ticket sales in August soared to their highest for any month so far this year, amid public concern about the economy following months of mostly gloomy data including youth unemployment.

BEIJING (Reuters) — The United States is the true «empire of lies», the Chinese foreign ministry said on Saturday, lashing out at a U.S. State Department report that accused Beijing of ploughing billions of dollars annually into information manipulation efforts.

By Philip Pullella

China's factory activity expanded for the first time in six months in September, an official factory survey showed on Saturday, adding to a run of indicators suggesting the world's second-largest economy has begun to stabilise. The official purchasing managers' index (PMI) rose to 50.2 in September from 49.7, according to the National Bureau of Statistics, edging above the 50-point level demarcating contraction from expansion. The reading beat a forecast of 50.0. Beijing is seeking to get its economy back on track as it grapples with a property sector debt crisis that has rattled global markets.

geopolitics into the centrestage of their electoral campaigns. While incumbent President Ibrahim Mohamed Solih has strengthened the country's bonhomie with New Delhi in his five-year tenure so far, the opposition camp led by rival presidential candidate Mohamed Muizzu have sharpened their anti-India rhetoric, and hinted at restoring the strong pro-Beijing ties that existed between 2013 and 2018.

Many millions of Chinese tourists are expected to travel within their country, splurging on hotels, tours, attractions and meals in a boost to the economy during the 8-day autumn holiday period that began Friday

By Kirsty Needham

equity offerings have more than quadrupled in value this year, with investors encouraged by a surge in the Nikkei stock index to a 33-year high and signs that Japanese firms have begun to manage their capital more efficiently. A tough 2022 for equity capital markets globally resulted in a backlog of fundraising deals. Japan has also benefitted from far lower interest rates than other countries, billionaire Warren Buffett's lifting of stakes in Japanese firms and a re-allocation of funds away from China amid tensions between Beijing and Washington. Proceeds from initial public offerings and secondary share and convertible bond issues soared 343% to $23.7 billion in the first nine months of the year, LSEG data showed.

BEIJING — The last three months of the year are set to bring more clarity on China's economic outlook and any government support — especially for the critical real estate sector.

By Scott Murdoch and Ziyi Tang

China on Thursday, Chinese President Xi Jinping urged the nation to «work together in unity» in a speech more usually delivered by the premier. Since assuming the office of president in March 2013, Xi has previously delivered a speech twice at the annual reception, usually held on the eve of National Day on Oct. 1.