China’s top securities regulator has pledged to widen foreign investors’ access to the mainland’s capital market while further lowering the fundraising threshold for technology firms, after a key indicator slumped nearly 4 per cent from a 10-year high in mid-November. Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), set out guidance for the…
China’s top securities regulator has pledged to widen foreign investors’ access to the mainland’s capital market while further lowering the fundraising threshold for technology firms, after a key indicator slumped nearly 4 per cent from a 10-year high in mid-November. Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), set out guidance for the…
Last week’s deadly fire has cast a heavy shadow over Hong Kong, reminding us of the fragility of life and the need for solidarity in hard times. The central government has responded swiftly with its full attention and support. Aid and sympathy have poured in from across China, underscoring that Hong Kong’s pain is shared….
China’s unmanned reconnaissance and strike helicopter tailored for deployment in plateau areas is ready for critical combat testing. The new multipurpose medium-sized helicopter was displayed on November 27 at an air show in Zhuhai, in southern China, where the next stage of testing was announced by its developer. The Moyujian was exhibited at the second…
Beijing has dismissed Japanese Prime Minister Sanae Takaichi’s latest remarks on Taiwan as “prevarication”, warning that it “absolutely does not accept” her continued refusal to retract comments made in early November. On Wednesday, Takaichi appeared to attempt to dial down weeks of tensions when she told a parliamentary questioning session that Tokyo’s “fundamental position regarding…
The EU has for the first time launched a formal review of a price undertaking offer from a company seeking to avoid its tariffs on Chinese-made electric vehicles, following a submission from Volkswagen’s Chinese joint venture. Over the course of 12 to 15 months, the European Commission will examine whether VW Anhui can replace its…
China’s Nvidia challengers Moore Threads and MetaX are set for their hotly anticipated market debuts, driven by investor excitement over domestic demand for home-grown graphics processing units (GPUs) amid Beijing’s tech self-sufficiency drive. Moore Threads opened a subscription lottery last week at 114.28 yuan per share, the highest pricing among A-share listings this year, and…
Backed by a booming tech sector and surging asset prices, the wealth of mainland China’s billionaires jumped 22.2 per cent year on year to US$1.77 trillion in the 12 months to early April, according to the report published on Thursday. With 70 new entrants, mainland China’s billionaire count rose to 470 from 427 – second…
The initial public offering (IPO) of HashKey Holdings, operator of Hong Kong’s largest cryptocurrency exchange, lays bare challenges faced by local platforms under Beijing’s watchful eye, even though the listing itself was recognition of the growing influence of digital assets in the city, according to analysts. HashKey, established in Hong Kong in 2018, on Monday…
A Beijing official in Hong Kong has voiced confidence in the city’s ability to handle both the coming Legislative Council election and the aftermath of the deadly Tai Po fire, calling local authorities’ decision to proceed with the poll respectful of the constitutional order. Liu Guangyuan, deputy director of Beijing’s liaison office in Hong Kong,…