A campaign by Chinese authorities to encourage people to replace their old apartments with new ones is attracting interest, but faces one major hurdle: the participants in the scheme are struggling to ... ( read original story ...)
Hong Kong’s Financial Empire Faces Critical Turning Point as Chinese Power Increases
Hong Kong, once a financial beacon, now faces challenges with a slipping global ranking and stringent Chinese controls on cross-border money flows. ( read original story ...)
Dada Announces Unaudited First Quarter 2024 Financial Results
Dada Nexus Limited (NASDAQ: DADA, “Dada”, the “Company”, or “we”), China’s leading local on-demand retail and delivery platform, today announced its unaudited financial results for the first quarter ... ( read original story ...)
Stock market today: Wall Street rallies to records after inflation slows
That could threaten one of the main hopes that's rallied the U.S. stock market toward its records: The Federal Reserve can pull off the balancing act of slowing the economy enough through high ... ( read original story ...)
Chinese stock market sees declines across major indices on Wednesday
On Wednesday, the Chinese stock market exhibited a downward trend, characterized by declines across major indices. Both the benchmark Shanghai Compos ... ( read original story ...)
China’s Central Bank Leaves Key Policy Rate Unchanged
The People's Bank of China (PBOC) said it was keeping the rate on 125 billion yuan ($17.28 billion) in one-year medium-term lending facility (MLF) loans to some financial institutions unchanged at ... ( read original story ...)
Hong Kong’s Financial Empire Faces Critical Turning Point as Chinese Power Begins to Fade
the financial powerhouse faces a new problem—China's heavy hand on private lives, clamping down on cross-border money flows. Billionaire investor Mark Mobius told IBT Reporters his struggle to ... ( read original story ...)