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Month: March 2023

Posted on 13/03/2023

Chinese property developer CIFI warns of US$2 billion loss for 2022, as the cash-strapped firm formulates plan to repay defaulted offshore debt

Shanghai-based CIFI said that it expected a loss ranging from US$1.87 billion to US$2.02 billion for 2022 The shortfall was mainly attributed to a decline in the number of properties delivered and ... ( read original story ...)

Posted on 13/03/2023

Asian stocks digest U.S. banking woes, China outperforms

Asian stocks crept higher on Monday as markets gauged the potential fallout from a banking crisis in the U.S., while Chinese indexes outperformed as the government promised more support for the ... ( read original story ...)

Posted on 13/03/2023

City Dialogue | Shanghai & San Francisco: China’s tech development with huge potential

Shanghai, an emerging science & technology center, is attracting talents around the world. Silicon Valley has a long history as a leading innovation hub. What's the potential for China-US tech ... ( read original story ...)

Posted on 13/03/2023

Asian shares mostly sink on jitters after US bank failure

Asian shares have mostly fallen, shaken by a Wall Street tumble that set off worries the biggest U.S. bank failure in nearly 15 years might have ripple effects around the world ... ( read original story ...)

Posted on 13/03/2023

Hong Kong’s revival as a global IPO hub faces challenges – and it will be no panacea for the economy

Both Shanghai and Shenzhen have become leading centres for IPO listings, while Switzerland's equity market has also emerged as an attractive option for Chinese companies As a leading international ... ( read original story ...)

Posted on 13/03/2023

China-Led Iran-Saudi Arabia Diplomatic Deal Shows Alternative to US Hegemony

The deal could have major implications for the ongoing U.S.-supported Saudi proxy war in Yemen. While advocates of peace and a multipolar world order welcomed Friday’s China-brokered agreement ... ( read original story ...)

Posted on 13/03/2023

CBA Roundup: Shenzhen wins 7th straight game, Shanghai edges Beijing

The Shenzhen Aviators sailed past the Sichuan Blue Whales 117-98 for their seventh consecutive win in the Chinese Basketball Assoc ... ( read original story ...)

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