SHANGHAI — The Industrial and Commercial Bank of China, the country’s largest state-owned lender, is setting up an 80 billion yuan ($11 billion) fund to support private-sector technology companies following Beijing’s focus on private enterprises as fuel for economic growth. ICBC’s technology and innovation fund will make equity investments in companies and provide other forms of…
Global stock markets started the week on the front foot on Monday as investors welcomed China’s plans to kickstart consumption in the world’s number two economy, with upcoming central bank rate decisions also in focus. Relief about a US government shutdown being avoided helped counterbalance disappointing US economic data. Investors were keeping tabs on Beijing…
{KXLG – Watertown, SD} On this week’s From the Halls of City Hall our guest is Councilman Mike Danforth. With a council meeting on Monday 3/3/25, there was a lot to discuss. Your browser does not support the audio element. A mid-term review of the Home Rule Charter is in progress. The committee is assessing…
A simple handshake between Chinese President Xi Jinping and once-sidelined entrepreneur Jack Ma sent the country’s tech stocks booming in recent weeks. It was seen as the latest sign the sector is being brought in from the cold, although experts advise caution. Beijing launched a regulatory blitz on the industry in 2020 that triggered a…
The Alibaba logo is seen outside its offices in Beijing in February 2025 (ADEK BERRY) A simple handshake between President Xi Jinping and once-shunned entrepreneur Jack Ma sent Chinese tech stocks booming in recent weeks as it was interpreted as the latest sign the sector is being brought in from the cold — though experts…
The Alibaba logo is seen outside its offices in Beijing in February 2025 (ADEK BERRY) A simple handshake between President Xi Jinping and once-shunned entrepreneur Jack Ma sent Chinese tech stocks booming in recent weeks as it was interpreted as the latest sign the sector is being brought in from the cold — though experts…
Addressing the Politburo on Friday, Xi said the party would advance the Peaceful China Initiative to an “even higher level”, despite changing conditions. “To adapt to changes [in circumstances and targets], the Peaceful China Initiative can only be strengthened, and it cannot be weakened,” state news agency Xinhua quoted Xi as saying. “We should safeguard…
Two high-profile Chinese newspapers linked to the Communist Party published editorials on Thursday voicing support for the private sector and advocating the creation of a favourable business environment to drive the growth of private enterprises. Ahead of the “two sessions” – the annual meetings of the country’s legislature and top advisory body – beginning in…
President Xi Jinping has reiterated his view of China’s inevitable rise – a belief that continues to drive policymaking at the highest level – at a closely watched symposium with prominent entrepreneurs, held to boost private-sector morale and shore up economic momentum. He told the assembled business leaders on Monday that the East still holds…
We recently compiled a list of the 10 Trending AI News Updates on Investors’ Radar. In this article, we are going to take a look at where Palantir Technologies Inc. (NASDAQ:PLTR) stands against the other trending AI stocks. President Xi Jinping recently held a rare meeting at Beijing’s Great Hall of the People with some of…