Chinese stock market struggles amid global shifts
The Chinese stock market has had a challenging start to 2024, marked by a significant loss of $6.3 trillion since its peak three years ago. [more…]
Category: China
HighTide Therapeutics sets sights on HK$278 million in Hong Kong IPO
Chinese biopharmaceutical manufacturer HighTide Therapeutics is gearing up for an initial public offering (IPO) in Hong Kong, with ambitions to raise HK$278 million (US$35.6 million), [more…]
Geopolitical uncertainties and investor sentiment dampen prospects for Chinese stocks and bonds in 2024
As the world braces for the uncertainties of the coming year, the Institute of International Finance (IIF) warns of challenges ahead for foreign investors eyeing [more…]
Moody’s downgrade serves as a clear indicator of the mounting concerns surrounding China’s economic challenges
In a significant development, global ratings agency Moody’s has downgraded the outlook on China’s credit rating from “stable” to “negative.” This decision comes on the [more…]
China and Saudi Arabia’s landmark currency swap agreement
In a significant move toward reshaping global economic dynamics, the central banks of China and Saudi Arabia recently inked their first-ever currency swap agreement. This [more…]
China tightens rules on equity fundraising to stabilize stock market
In a bid to boost market stability and support stock prices in a sluggish market, China has introduced a series of new regulations aimed at [more…]
Asia’s manufacturing woes persist amid Middle East conflict
Amidst the ongoing turmoil in the Middle East, Asia’s manufacturing sector faces a new wave of obstacles that threaten its path to recovery. The latest [more…]
Nvidia may cancel its $5 billion chip order heading to Chinese technology firms next year
In a shocking turn of events, Nvidia Corp (NVDA.O) found itself at the center of a storm as its shares plunged by approximately 5%, reaching [more…]
China’s Q3 economy grows 1.3% quarterly, 4.9% annually
China’s economy saw a robust resurgence in the third quarter, surpassing expectations with a 4.9% year-on-year GDP growth, positioning it well to achieve its annual [more…]
Improvement in China’s trade figures offers hope for economic recovery despite challenges
On Friday, China unveiled a combination of economic statistics that indicated a gradual improvement in the decline of exports and imports, even though persistent deflationary [more…]