The outpost will enable Chinese firms to acquire know-how from overseas entities and raise funds, chairman Xie Jihua said. ( read original story ...)
China’s central bank backs Beijing’s property destocking plan as housing sales crawl
China’s central bank has backed the government’s plans to absorb the nation’s unsold homes and fix an inventory overhang which a data provider said could take as long as 18 months to work through. ( read original story ...)
China’s central bank to return to gold buying as prices ease, analysts say
China, the biggest official sector buyer of gold, is expected to resume its bullion shopping spree once prices ease from the record highs hit in May, as the fundamental case for the metal remains, ... ( read original story ...)
China Market Update: Electric Vehicle Stocks Rally, EU Tariffs Called “Preliminary”
Asian equities celebrated the “light” US inflation print and the US Fed holding rates steady, as Pakistan outperformed the region and is up +23% year-to-date. ( read original story ...)
Stock Market News Today, 6/13/24 – Futures Mixed After a Strong Session
U.S. futures were mixed on Thursday morning following a strong trading session yesterday. Futures on the Nasdaq 100 (NDX) and the S&P 500 (SPX) ... ( read original story ...)
Stock market today: Asian stocks are mixed ahead of this week’s Fed meeting
Asian stocks are mixed ahead of a busy week with several top-tier reports on U.S. inflation due along with a policy meeting of the Federal Reserve ... ( read original story ...)
Diplomats visit Shanghai’s leading enterprises
About 40 diplomats from 28 countries are visiting leading enterprises in Shanghai to learn about China's industrial development and the possibility of enhancing cooperation with China. They are on a ... ( read original story ...)