Multi exposure of virtual abstract financial graph interface on Chinese flag and sunset sky background, financial and trading concept Igor Kutyaev | Istock | Getty Images China plans to merge three of its largest state-owned bad debt asset managers with its China Investment Corp sovereign fund as part of a plan to reform institutions, the … Read more
NANJING, CHINA – AUGUST 18, 2023 – Aerial photo shows a residential area of Evergrande in Nanjing, East China’s Jiangsu province, Aug 18, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Getty Images Shares of China Evergrande were briefly halted after plunging over 20% in early trading on Monday after a Hong Kong court ruled to … Read more
A slogan related to Artificial Intelligence (AI) is displayed on a screen in Intel pavilion, during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024. Denis Balibouse | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed … Read more
An elderly woman in China has decided to leave her multi-million-dollar fortune to her pets instead of her children after they failed to visit or care for her when she was sick. The Shanghai woman, known by her last Liu, drafted a will several years ago in which she left her $A4.3 million fortune to … Read more
Chinese President Xi Jinping meets with U.S. President Joe Biden at Filoli Estate in the U.S. state of California, Nov. 15, 2023. Li Xueren | Xinhua News Agency | Getty Images Beijing sent dozens of military aircraft and naval ships toward Taiwan on Friday, the same day of a low-profile meeting between U.S. national security … Read more
China may have trouble attracting investors again this year. ETF Action’s Mike Akins sees challenges tied to the country’s ability to generate stock market returns. “It’s kind of the old cliché. Fool me once, shame on you. Fool me twice, shame on me,” the firm’s founding partner told CNBC’s ETF Edge this week. “You’ve got … Read more
Taiwan’s defence ministry said it detected 23 Chinese air force planes operating around Taiwan and carrying out “joint combat readiness patrols” with Chinese warships on Friday, ahead of high-level China-U.S. talks in Thailand. China, which views Taiwan as its own territory, has over the past four years regularly sent warplanes and warships into the skies and waters … Read more
An artwork juxtaposing Chinese yuan cash bills with the China’s flag Javier Ghersi | Moment | Getty Images China’s financial institutions should provide strong support to the country’s beleaguered real estate sector and not “blindly withdraw” financing for projects facing difficulties, according to a senior Chinese financial regulatory official. His strongly worded comments follow the … Read more
After a rough early start to 2024 and lots of analyst negativity, Apple has turned the corner. Wall Street mentions are getting brighter, and the tech giant just added the title of top smartphone maker in China to its long list of firsts. The iPhone captured a firm-record 17.3% market share in China last year, … Read more
SUIXI, CHINA – DECEMBER 30: An employee works on the production line of aluminum foil at a workshop of Anhui Limu New Material Technology Co., Ltd on December 30, 2023 in Suixi County, Huaibei City, Anhui Province of China. (Photo by Li Xin/VCG via Getty Images) Vcg | Visual China Group | Getty Images Global … Read more
