Explainer: What to watch out for as talks on U.S.-China audit deal drag on
The list of Chinese companies facing delisting risks in New York in a long-running dispute over Chinese audits of their accounts continues to expand with the addition of three more on Friday after e-commerce giant Alibaba’s (9988.HK) July inclusion.
Factbox: Economic sanctions China has imposed on Taiwan over Pelosi visit
China on Wednesday suspended exports of natural sand to Taiwan and halted imports of fruit and fish products from the self-governed island as U.S. House of Representatives Speaker Nancy Pelosi visited Taiwan in a trip condemned by Beijing. read more
Alibaba aims to add primary listing in Hong Kong, woo China investors after crackdown
Alibaba (9988.HK) plans to add a primary listing in Hong Kong to its New York presence, targeting investors in mainland China as it becomes the first big company to take advantage of a rule change in the financial hub to attract high-tech Chinese firms.
China plans real estate fund worth up to $44 billion for distressed sector, source says
China will launch a real estate fund to help property developers resolve a crippling debt crisis, aiming for a warchest of up to 300 billion yuan ($44 billion) in a bid to restore confidence in the industry, according to a state bank official with direct knowledge of the matter.
Baidu unveils autonomous vehicle without steering wheel
China’s search engine giant Baidu Inc on Thursday unveiled its new autonomous vehicle (AV) with a detachable steering wheel, with plans to put it to use for its robotaxi service in China next year.
Analysis: Scalded by Russia, investment funds tread carefully in China
China, the only big economy promising a growth rebound this year, is again luring foreign investors. Yet the fear that Beijing may someday end up as ostracised from global markets as Russia is keeping a lid on demand.
Analysis: Spot crude surges while futures slip; rate hikes spook speculators
Prices for spot crude in much of the world are rising on strong demand and a supply crunch, but in the oil futures market, worries of a recession have kept a lid on values.
EXCLUSIVE China securities regulator met foreign banks to soothe economic concerns
The China Securities and Regulatory Commission (CSRC) met this week with executives at top western banks and asset managers to reassure them about the country’s economic prospects after regulatory crackdowns in 2021, three sources said on Friday.
China’s Tencent fires 70 staff, blacklists 13 firms in anti-graft campaign
Tencent Holdings (0700.HK), China’s biggest social media and video games company, on Tuesday said it fired nearly 70 staff over bribery and embezzlement incidents last year and named 13 companies it had blacklisted from future contracts.
Analysis: With Evergrande debt relief deal, China signals stability trumps austerity
If this week’s developments at China’s most indebted property developer are anything to go by, 2022 might see Beijing soften its attempts to purge the sector and make more allowances for economic stability.
