China to push on with opening capital markets to foreign investors

China to push on with opening capital markets to foreign investors

BEIJING — China will further open its capital markets to foreign investors, the country’s top securities regulator said on Monday, adding that it will pursue pragmatic cross-border cooperation to regulate overseas-listed Chinese companies. Global investors have been spooked in recent months by a flurry of Chinese regulations targeting sectors ranging from technology to private tutoring.…

U.S. Treasury says China private equity’s Magnachip purchase poses security risks

U.S. Treasury says China private equity’s Magnachip purchase poses security risks

SEOUL — The U.S. Treasury Department said the acquisition of Magnachip Semiconductor Corp by a Chinese private equity firm posed “risks to national security,” in another hurdle for Chinese companies trying to invest abroad in critical tech industries. In March, Chinese private equity firm Wise Road Capital agreed to acquire system chip manufacturer Magnachip in…

China cuts amount of time minors can spend on online games

China cuts amount of time minors can spend on online games

SHANGHAI — Chinese regulators on Monday slashed the amount of time players under the age of 18 can spend on online games to an hour of gameplay on Fridays, weekends and holidays, in response to growing concern over gaming addiction, state media reported. The rules, published by the National Press and Publication Administration, said users…

China will study targeted measures to help exporters cope with rising logistics costs

China will study targeted measures to help exporters cope with rising logistics costs

China will study targeted measures to help exporters cope with rising logistics costs – ministry

China signals crackdown on privacy, data, anti-trust to go on

China signals crackdown on privacy, data, anti-trust to go on

China signals crackdown on privacy, data, anti-trust to go on

China July trade surplus with United States at $35.4 bln

China July trade surplus with United States at $35.4 bln

BEIJING — China’s trade surplus with the United States stood at $35.4 billion in July, Reuters calculations based on Chinese customs data showed on Saturday, up from $32.58 billion in June. For the first seven months of the year, the surplus was $200.32 billion, up from $164.92 billion during the first half of 2021. Amid…

China imposes new restrictions as Delta reaches nearly half the country

China imposes new restrictions as Delta reaches nearly half the country

Public transport and taxi services were curtailed in 144 of the worst-hit areas nationwide.

China will maintain stable macro polices in H2 to ensure growth

China will maintain stable macro polices in H2 to ensure growth

China will maintain stable macro polices in H2 to ensure growth – Politburo

China says key fertilizer firms to suspend exports

China says key fertilizer firms to suspend exports

BEIJING — Some of China’s key fertilizer companies said they would temporarily suspend exports to assure supplies in the domestic market, according to a statement on the website of the National Development and Reform Commission (NDRC) on Friday. The fertilizer firms, which were not named, were summoned by the NDRC for a discussion against hoarding…

China launches fresh anti-dumping probe on steel products from Japan, S.Korea and EU

China launches fresh anti-dumping probe on steel products from Japan, S.Korea and EU

BEIJING — China launched an anti-dumping investigation on grain oriented flat-rolled electrical steel imported from Japan, South Korea and the European Union on July 23, the Ministry of Commerce said on Friday. The probe follows the expiry of anti-dumping tariffs in place for five years since July 23, 2016. The new review will be concluded…

China holds benchmark lending rate for 15th straight month

China holds benchmark lending rate for 15th straight month

China holds benchmark lending rate for 15th straight month

China finances setup of APEC fund to fight COVID-19 – state media

China finances setup of APEC fund to fight COVID-19 – state media

BEIJING — China has financed the setup of a fund under APEC to fight COVID-19 and fuel economic recovery, President Xi Jinping said during a virtual meeting of the Asia-Pacific trade group on Friday, according to Xinhua news agency. Xi also said that China supported waiving the intellectual property rights on COVID vaccines and was…

China to explore cross-border payments in digital yuan

China to explore cross-border payments in digital yuan

China to explore cross-border payments in digital yuan

China upbeat on trade talks with U.S., says both ‘seek common ground’

China upbeat on trade talks with U.S., says both ‘seek common ground’

China upbeat on trade talks with U.S., says both ‘seek common ground’

China April home prices quicken to 8-month high

China April home prices quicken to 8-month high

China April home prices quicken to 8-month high

China has landed a spacecraft on Mars for the first time, delivering a water-hunting rover to the red planet

China has landed a spacecraft on Mars for the first time, delivering a water-hunting rover to the red planet

Summary List PlacementChina has landed its first spacecraft on the surface of Mars, according to Chinese state media. The mission, called Tianwen-1, or “questions to heaven,” is the first to send a spacecraft into the planet’s orbit, drop a landing platform onto the Martian surface, and deploy a rover all in one expedition. If everything…

China Huarong bonds slump on Fitch downgrade; maturing bond repaid

China Huarong bonds slump on Fitch downgrade; maturing bond repaid

SHANGHAI — Offshore bonds issued by subsidiaries of Chinese state-owned bad loan giant China Huarong Asset Management Co fell on Tuesday after Fitch Ratings downgraded the parent company due to concerns over the strength of its government backing. Bids on a $250 million perpetual bond issued by Huarong Finance 2019 Co Ltd were quoted at…

Who Wants Gold? SchiffGold Friday Gold Wrap 04.23.21

Who Wants Gold? SchiffGold Friday Gold Wrap 04.23.21

There’s been some chatter in the financial media about the decline of the gold market. Gold is a relic of the past and crypto will replace it as the go-to safe haven and inflation hedge, according to some. But as…

China Fines Alibaba Group $2.8 Billion in Monopoly Probe

China Fines Alibaba Group $2.8 Billion in Monopoly Probe

China imposed a fine of 18.2 billion yuan ($2.8 billion) on Alibaba Group after an anti-monopoly probe, part of a regulatory crackdown that has raised concerns about the future of Jack Ma’s tech empire.

China Bonds Beat World While Japan Outpaces Developed Markets

China Bonds Beat World While Japan Outpaces Developed Markets

China’s government bonds outpaced their competitors in the first quarter as their haven status helped them stand out as a bulwark amid the global slump. Japan’s securities led developed nations, though still handing investors a narrow loss.