City Shenzhen Financial News

21.01 / 01:19

UPS Provident BTC Lowe's CoinMarketCap Bitcoin Ethereum prices Bitcoin and Ethereum Prices Get a Chinese New Year Booster in Next Leg of Rally?

On January 20th, Bitcoin is on a bullish run, breaking above a double top resistance level of $21,600 that's exposing BTC towards the $22,500 level. Ethereum has also violated a major resistance area of $1,610 and is closing candles above this level are opening further room for buying until $1,675.

08.02 / 02:21

markets COST UPS Citi wellness Universities China is going all-in to beat the US on humanoid robots

Subscribe to enjoy similar stories. SUZHOU, China—Elon Musk has been telling investors for months that Tesla’s Optimus humanoid robot will revolutionize the world and create a new mega-industry. But most of it could belong to China, he has warned.

04.04 / 07:19

markets Citi Aviat Progressive economy Research innovations China's cities may see 'flying taxis' as soon as three years, aviation company Ehang predicts

Flying taxis will become a viable method of transportation in China in the next three to five years, according to a senior executive at Ehang, a company that makes autonomous aerial vehicles (AAVs).

31.03 / 04:09

Waters CEO Analysis Discover information testing China discovers major new oilfield off Shenzhen

The Huizhou 19-6 oilfield lies about 170 kilometres (100 miles) from Shenzhen in south China's Guangdong Province, Beijing's Xinhua news agency said. Test drilling has yielded a daily production of 413 barrels of crude oil and 68,000 cubic meters of natural gas, the CNOOC said. The state-owned oil giant's CEO, Zhou Xinhuai, hailed «successive breakthroughs in oil and gas exploration in the eastern waters of the South China Sea». CNOOC «has discovered 100-million-ton oilfields for two consecutive years, which creates a new growth pole for the continuous growth in offshore oil and gas production,» he added.

27.03 / 18:01

UPS Manufacturing CEO Research innovations reports Schools The orphan who built the world's largest EV company, BYD; here’s the incredible story of Wang Chuanfu

Wang Chuanfu, the founder and CEO of BYD, has made one of the world's largest electric vehicle manufacturing businesses, starting his journey when he was poor.

18.01 / 16:39

markets UPS security Strategy TikTok Experts Even before TikTok's troubles, Chinese companies were wary of Washington

Chinese tech companies long looked to the United States as a key market and source of investment. Firms like ByteDance, the company behind TikTok, courted major American investment firms like General Atlantic and Susquehanna Capital. Chinese startups in Shanghai and Shenzhen saw an initial public offering on the Nasdaq or New York Stock Exchange as the ultimate symbol of success.

06.01 / 03:01

Citi Provident Racing country International China's Pony.ai eyes robotaxi services in Hong Kong, joining Baidu

Pony.ai Inc is seeking to launch its robotaxi services in Hong Kong, joining Baidu in a race to provide services in the city, as the autonomous driving firm looks to expand its operations globally.

28.11 / 14:49

markets economy Sustainability pandemic President show song Retail investors are key to sustaining China’s stock-market rally

Subscribe to enjoy similar stories. China’s massive stimulus hasn’t revived its economy but its stock markets have been kicked higher. Investors now have to navigate economic uncertainty and the challenges of U.S.

26.11 / 15:15

Manufacturing Apple Software performer innovations Features International Huawei Mate 70 Series launched, aims to challenge iPhone with new tech and lower prices in China

Mate 70 series is designed to rival high-end devices such as Apple's iPhone, with prices starting at 5,499 yuan (£636), undercutting the base iPhone 16, which retails at 5,999 yuan (£682).Richard Yu, Chairman of Huawei’s Consumer Business Group, introduced the Mate 70 at an event in Shenzhen, asserting that it is “the most powerful Mate phone ever". The new series boasts several innovations, including an improved processor and the world’s first mainstream smartphone featuring a satellite paging system, a notable leap in technology.

21.10 / 05:35

markets UPS economy Trade reports Stock market today: Asian markets are mostly higher after another winning close on Wall Street

Asian shares are mostly higher after U.S. stocks rose to records to close out their latest winning week

14.10 / 21:27

markets UPS economy Tesla reports Asian shares gain after China says more help is needed for its slowing economy

Asian shares have started the week on a high note, with stocks in China rising more than 2% after the finance minister said over the weekend that more stimulus is needed for the slowing economy

02.10 / 16:25

markets Provident ETF Invesco MSCI Trade track China stock ETFs rip higher even as mainland markets close for holiday

Exchange-traded funds overseas that track Chinese stocks continued their stimulus-triggered rally Wednesday even as mainland markets were shut for a week-long holiday.

01.10 / 07:39

markets UPS Citi economy Research country information China’s housing glut collides with its shrinking population

Subscribe to enjoy similar stories. China’s real-estate bust left behind tens of millions of empty housing units. Now that historic glut of unoccupied property is colliding with China’s shrinking population, leaving cities stuck with homes they might never be able to fill.

30.09 / 15:07

markets UPS Manufacturing economy show reports China factory surveys show economy weakening, as Beijing steps up support

The latest surveys of Chinese factory managers show the economy weakening in recent weeks, as the government ratchets up stimulus

30.09 / 08:09

markets Citi security Analysis Sustainability Research Trade Chinese stocks enter bull market after biggest surge since 2008

The CSI 300 Index jumped 8.5% Monday, marking the most since 2008 as traders rushed to buy shares in the last session before a week-long holiday. The index, which lost more than 45% of its value from a 2021 high through mid-September, has since soared more than 20% to enter a technical bull market. Its rally last week was the biggest in 16 years.

27.09 / 08:51

markets UPS Citi country reports Schools Top Chinese cities to lift key home purchase curbs to boost market

Shanghai and Shenzhen are planning to lift key remaining restrictions on home purchases to attract potential buyers and shore up their flagging real estate markets, four sources with knowledge of the matter said. The changes will allow people from other places in China to buy homes in the popular cities, which had been previously tightly controlled due to worries about excess speculation. Shanghai, China's commercial and financial hub, and Shenzhen, the country's answer to Silicon Valley, also seek to scrap limits on the number of homes that Chinese can buy, said three of the sources.

18.09 / 13:03

markets security SPY track electronic reports Department After pager blasts, Chinese gear can come under heightened scrutiny

China accounts for nearly one-third of global exports of electronic devices, and Chinese-made devices have already been raising security concerns. Huawei, the Shenzhen-based Chinese telecom company, has for several years been at the centre of an intense technological rivalry between Beijing and Washington, with US officials warning its equipment could be used to spy on behalf of Chinese authorities, allegations that China has denied.

09.09 / 12:01

UPS Manufacturing economy Nov Healthcare hospital China opens more sectors to foreign investment

China deepened its push to further open up the economy, eliminating restrictions on the manufacturing sector and expanding opportunities for foreign investment in the health sector in an effort to revive growth. The Chinese government will reduce its list of industries off-limits to foreign investors to 29 from 31 and fulfill its pledge of zero restrictions on the manufacturing sector, the National Development and Reform Commission and the Commerce Ministry said in a joint statement on Sunday. The new list, set to take effect Nov.

16.08 / 05:34

markets Target Reuters security Research Department International US lawmakers urge probe of WiFi router maker TP-Link over fears of Chinese cyber attacks

US lawmakers want the Biden administration to probe China's TP-Link Technology Co and its affiliates for potential national security risks from their widely used WiFi routers over fears they could be used in cyber attacks against the U.S. Republican Representative John Moolenaar and Democratic Representative Raja Krishnamoorthi, who lead the House Select Committee on China, requested a Commerce Department probe in a Tuesday letter seen by Reuters. According to research firm IDC, TP-Link, which focuses on the consumer market, is the top seller of WiFi routers internationally by unit volume.

09.08 / 12:02

markets Citi CEO FLEX reports Bangalore tops flex office stock in APAC region, outshines Shanghai, Seoul and Shenzhen

tech capital of India, Bangalore has topped the list of 20 APAC cities with the largest flexible office stock at 15.5 million square feet, surpassing cities such as Shanghai, Seoul, and Tokyo. Following Bangalore, Delhi NCR ranks second with a total flexible office space stock of 10.7 million square feet as of June 2024, mentioned CBRE. Recent growth in the Asia Pacific flexible office space market has been primarily driven by Indian cities, where the expansion is supported by the demand for managed solutions offered by domestic flexible office operators.

16.07 / 11:50

markets News ‘Trump wins big’ meme stock surges in China

Wisesoft Co., a software maker whose Chinese name “Chuan Da Zhi Sheng” implies victory for Donald Trump in Mandarin, rose by the maximum 10% daily limit in Shenzhen. The gains came as the dollar rose and Treasury futures fell as traders took stock of the likelihood of Trump winning in November after the shooting incident over the weekend.

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.

what's happening in city Shenzhen

What is the current situation in city Shenzhen?

In city Shenzhen, the spotlight is on local government initiatives that spark public discussion.

Where can I find reliable news about city Shenzhen?

We publish reliable reports about the situation in city Shenzhen, based on information from official representatives.

What shapes the media agenda in city Shenzhen?

The news landscape of city Shenzhen is shaped by key decisions by local authorities, reflecting its unique context.