City Chongqing Financial News

12.08 / 11:29

UPS Huawei Huawei's second quarter revenue rises slightly from a year ago

BEIJING — Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly increase in revenue since 2020.

23.08 / 15:12

Digital Platform security 2020 reports Features International Crypto Pyramid Scheme Mastermind Extradited to China from Thailand

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

13.07 / 13:26

Citi Booking Racing country cover testing International China allows robotaxis without operators in Shanghai

China has added Shanghai to a list of top-tier cities allowing the use of driverless robotaxis in which no safety supervisors are present, part of the country’s efforts to take the global lead in autonomous driving and commercialize the technology. Shanghai officials said over the weekend that in parts of the city, residents can now book free rides in robotaxis of four companies—internet search giant Baidu, SAIC Motor-owned Saike Technology and self-driving startups Pony.ai and Auto X. The taxis are driverless and don’t have supervisors physically present in the car, with the companies approved to offer services through Jan.

13.07 / 01:26

Citi Experts show social hospital reports Traffic A driverless car hits a person crossing against the light in China

A driverless ride-hailing car in China hit a pedestrian, and people on social media are taking the carmaker’s side, because the person was reportedly crossing against the light

14.04 / 08:46

markets Citi Trade President Relationships Destinations Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict

German Chancellor Olaf Scholz has arrived in China on a visit focused on the increasingly tense economic relationship between the sides and differences over Russia's invasion of Ukraine

23.01 / 02:53

markets UPS Citi Sustainability Research trends China's residential foreclosures increase 43% in 2023

China rose 43% year-on-year in 2023, according to a private survey on Monday, highlighting a worrying trend of rising mortgage delinquencies amid a sustained property market slump and a patchy economic recovery. The number of foreclosed homes up for auction stood at 389,000 units last year, said China Index Academy, a major independent real estate research firm. A total of 99,000 units worth a combined 150 billion yuan ($20.84 billion) were successfully sold at auctions, the firm said.

25.12 / 07:28

Citi Fighting film President Celebrity social Christmas in China brings glittering decor and foreign influence concerns

BEIJING (Reuters) — Giant Christmas trees adorned with lights, tinsel and gift boxes greet shoppers at glittering malls in big Chinese cities like Shanghai and Chongqing, but in many parts of China, extending season's greetings is out of the question.

29.11 / 06:51

Reuters Software show cover electronic 2020 stake Exclusive-Huawei's new smart car firm valued up to $35 billion amid advanced stake talks -sources

By Julie Zhu and Zhuzhu Cui

26.11 / 10:29

Target FIVE Manufacturing Tesla innovations Huawei to move smart car operations to new joint company with Changan

China's Huawei said on Sunday it will move core technologies and resources in its smart car unit, which has chalked up robust sales for a number of new vehicles, to a new joint company owned up to 40% by automaker Changan Auto. The new company will engage in research and development, production, sales and service of intelligent automotive systems and component solutions, Huawei said in a press release. «The new company will… work with partners to promote innovation and leadership in smart car technology and promote the prosperity and development of the automotive industry,» the release said.

02.11 / 05:19

USDT Money laundering Chinese Court Hands 6-Year Prison Terms to Masterminds in $300 Million USDT Money Laundering Case

The Tongliang Court in China handed down sentences to 21 individuals, including key figures in a $300 million USDT money laundering case.

16.10 / 03:49

COST UPS Provident Reuters economy show Support China central bank ramps up liquidity support via policy loans, rate unchanged

China's central bank ramped up liquidity support to the banking system as it rolled over medium-term policy loans on Monday, but kept the interest rate unchanged as expected. The People's Bank of China (PBOC) is walking a tight rope between keeping liquidity ample to aid a struggling economy and stabilising the yuan amid expectations of «higher for longer» U.S. rates. The PBOC said in a statement it conducted medium-term lending facility (MLF) operations worth 789 billion yuan ($107.96 billion) to keep liquidity in the banking system adequate.

29.09 / 12:05

Citi Booking economy pandemic country travelers Millions take to China's railways, roads, air for autumn holiday

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

15.08 / 07:07

Citi Digital Progressive show cover Tianjin, China, Says It Has Processed $1.76bn Worth of Digital Yuan – CBDC Progressing?

The Chinese city of Tianjin says residents and businesses transacted a cumulative total of over $1.76bn worth of CBDC since it joined the digital yuan pilot in 2022.

11.08 / 18:59

UPS Ford CEO Align show Changan Ford Motor to set up electric car JV with Chongqing Changan Auto

BEIJING (Reuters) -Changan Ford Motor (NYSE:F) plans to set up a new-energy passenger car joint venture with state-owned Chongqing Changan Automobile, a document published by China's market regulator on Friday showed.

26.07 / 02:53

COST UPS Citi Reuters Waters reform end Analysis-China policy reform to end losses for city-gas firms on household sales

By Chen Aizhu, Emily Chow and Andrew Hayley

10.06 / 02:59

Citi Provident Digital Platform Mobile Charities Chinese Charities Accepting Digital Yuan Donations – More CBDC Firsts to Come?

Chinese charities are now accepting digital yuan donations, with the nation’s CBDC also breaking new ground in the world of corporate loans.

08.05 / 10:23

Binance regulation Ban Huobi FTX Chainalysis New Report: Despite Crypto Ban, Chinese Citizens Trade on Binance and FTX Exchanges

Beijing has said 'no' to crypto, but that doesn't seem to affect a number of Chinese citizens who have continued trading digital coins since the ban - reportedly, on exchanges including Binance, FTX, OKX, and Huobi.

06.12 / 09:51

European Union Beijing embraces ‘life again’ as COVID-19 lockdown is eased

China's capital Beijing has scrapped the need for people to show negative COVID-19 tests to enter supermarkets, offices, the subway and the city’s international airport on Tuesday, as restrictions are being softened across the country following last month's historic protests.

02.11 / 12:59

Citi CBDC Digital Another Digital Yuan Giveaway Will See $2.75m Distributed in China’s Fuzhou

China’s digital yuan pilot continues to gather pace: The nation’s central bank is teaming up with an e-commerce heavyweight in an effort to boost adoption. The parties will be giving away another $2.75m worth of coins (in e-voucher form) in the city of Fuzhou, in China’s Fujian Province.

16.08 / 20:37

Blockchain Adoption e-CNY Bank of China unveils new e-CNY smart contract test program for school education

According to local news outlet Sohu.com, on Tuesday, the state-owned Bank of China announced a new program to bridge primary school education with smart contracts. In a combined partnership with local education and financial authorities, parents residing in the city of Chengdu, located in China's Sichuan province, will be able to enroll their children in after-school or extracurricular lessons using the digital yuan central bank digital currency, or e-CNY.

08.08 / 05:41

COST Citi Baidu Baidu's robotaxis don't need any human staff in these parts of China

BEIJING — Chinese tech company Baidu said Monday it has become the first robotaxi operator in China to obtain permits for selling rides with no human driver or staff member inside the vehicles.

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