Asian shares advanced early Monday and bitcoin surged to a record high ahead of the inauguration of President-elect Donald Trump. U.S. markets will be closed Monday for a holiday. The price of bitcoin ... ( read original story ...)
People’s Bank of China keeps one and five-year loan prime rates unchanged in Jan, as expected
The People’s Bank of China ((PBoC)) maintained the 1-year LPR at 3.1% for corporate and most household loans, and the 5-year LPR at 3.6% for mortgages. Both rates are at record lows following rate ... ( read original story ...)
China Economy Expands 5.4% Y/y in Q4, Beating Market Forecast
Fears of more U.S. trade tariffs clouding 2025 outlook China's main Shanghai stock market was up 0.3%, while the blue-chip CSI 300 index was 0.4% higher after the data release. The yuan was little ... ( read original story ...)
Why China’s banks are stock market darlings – for now
INVESTORS in China’s mainland stock market made a beeline for bank stocks last year, making the sector the market’s top performer despite the country’s sluggish economy, a slowdown in loan growth, and ... ( read original story ...)
Even Before TikTok’s Troubles, Chinese Companies Were Wary of Washington
Start-ups with Chinese ties have found it increasingly difficult to do business and list shares in the United States. ( read original story ...)
Stock market today: Wall Street headed for first winning week of 2025 as Biden presidency wraps up
Wall Street was heading for more gains before the open on Friday as markets try to log their first winning week of 2025 on the final day of trading during the Biden presidency. Futures for the S&P 500 ... ( read original story ...)
Unplug ‘Great Firewall’ to help China compete, Shanghai lawmaker says
Legislator Mao Xiangdong calls for lifting of internet restrictions in free-trade zones, financial districts and universities. ( read original story ...)