Previously, I put forward the argument that Hong Kong’s relevance in China’s opening up lies less in guarding its gateway role and more in developing new forms of partnership. Since then, Hainan has set up distinct island-wide customs operations from December 18. This is a turning point – one that invites Hong Kong to think…
By Chuck Mikolajczak NEW YORK (Reuters) -Global stocks rallied on Monday to a fresh intraday record while the dollar eased on optimism that a potential trade deal was on the horizon between China and the U.S., as investors awaited a slew of central bank policy announcements and earnings from several megacap companies. Top Chinese and…
By Che Pan and Wen-Yee Lee BEIJING/TAIPEI (Reuters) -Dutch chipmaker Nexperia’s Chinese unit has resumed supplying semiconductors to local distributors, according to two people briefed on the matter, having previously halted all shipments when Beijing banned exports following an ownership dispute. But as part of the resumption, which is confined to domestic trade, all sales…
SHANGHAI (Reuters) -China opened its stock option market to foreign investors on Tuesday, as Beijing steps up efforts to increase the appeal of yuan assets. The announcement by the Shanghai Stock Exchange comes on the heels of measures to lure global investors into China’s bond market, and promote international use of the Chinese yuan. The…
BEIJING (Reuters) -Damage to China’s roads caused by recent flooding across 23 provinces, regions and municipalities was estimated at more than 16 billion yuan ($2.24 billion), state broadcaster CCTV reported on Wednesday. So far, some 540 million yuan in emergency road repair subsidies have been allocated to local authorities by the transport and finance ministries,…
Hong Kong’s corporate activity and yuan-driven business have been revitalised as global market participants strengthen ties to China’s economy amid tariffs and geopolitical tensions, according to a senior executive at Deutsche Bank. Companies and investors have increased their exposure to China and hedged against the US dollar as they adjusted their supply chains and portfolios…