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Global Market: China broadens Yuan FX clearing in push for global currency useChina has expanded yuan foreign-exchange clearing to include the Singapore dollar, New Zealand dollar and Thai baht, as Beijing seeks to wi...- China's car glut has long flooded the world. Now comes the cleanupChina's auto industry faces a major reset as production exceeds domestic demand significantly. Toyota's planned joint venture consolidation...
- Dollar rises after Fed hikes rates in bid to counter inflationThe US dollar rises against major currencies after the Federal Reserve hikes interest rates and signals further tightening to tackle inflat...
- China may have found a way to tackle glut in car marketTwo state-owned cos, which make Toyota models, plan to combine ops in a sign that car sector is headed for consolidation.
- Dollar girded by bets on a US hiking cycleOn Wednesday, the dollar maintained its recent strength against leading currencies as traders eagerly awaited the Federal Reserve's anticip...
- China's DeepSeek hires dealmaker as CFO ahead of possible IPOA CFO typically plays a central role in managing investor communications, financial controls, capital allocation and disclosure processes ...
- Beijing bans drone possession after June's deadly skyscraper crashBeijing will ban drone possession and storage starting November 15. Existing drone owners must remove devices from the city by November 14....
- China's Z.AI raises $5 billion from new share, convertible bond sales, filing showsZ.AI launched the sales on Friday, offering 21.97 million new Hong Kong shares at HK$714 ($91.05) each, a 10% discount to Friday's closin...
- China AI developer Z.AI launches $5 billion Hong Kong share, convertible bond sales, term sheet showsThe fundraising comes as Chinese AI developers seek capital for the costly computing infrastructure and talent needed to compete with large...
- Global Market: Tencent-backed Enflame soars 200% in blockbuster Shanghai IPO debutTencent-backed Shanghai Enflame Technology surged nearly 200% in its Shanghai debut after raising $912 million through its IPO. Strong inve...
- Global Market: China, Hong Kong stocks fall as rate hike fears weigh on sentimentChina and Hong Kong stocks fell on Friday, with the CSI300 and Hang Seng heading for weekly losses amid thin trading volumes, weaker liquid...
- Global Market: China state insurers, banks to raise up to $54 billion to bolster capitalChina’s Ministry of Finance will inject up to $10.4 billion into five state-owned insurers as part of a broader plan to strengthen financia...
- China's AI chipmakers raise prices as high-bandwidth memory shortage bitesHuawei has lifted the indicated price of its Ascend 950DT accelerator card, which integrates an AI processor with memory and other componen...
- China's DeepSeek taps CITIC Securities for domestic IPODeepSeek's engagement of CITIC, which has not been reported so far, is an indication that the startup is moving along in its IPO plan. Comp...
- Shenzhen Longsys Electronics secures $903 million funding to boost AI data center technology expansionShenzhen Longsys Electronics raised over seven billion Hong Kong dollars in its recent stock offering. This significant capital infusion is...
- China’s AI capex jumps 105% YoY, but Jefferies says US cloud giants face greater risksChinese tech giants sharply increased AI capital expenditure in Q2 2026, driven by inference demand and chip availability. However, Jefferi...
- Global Market: China insurer recapitalisation may ease capital constraints and support stock investmentsChina’s planned $53.6 billion recapitalisation of state-owned insurers and banks could ease solvency pressures and strengthen insurers’ cap...
- Chinese AI chipmaker Enflame aims to raise $908 million after setting Shanghai IPO priceEnflame Technology, a prominent Chinese AI chip manufacturer, is set to raise over $900 million through its IPO in Shanghai. This initiativ...
- Chinese AI chipmaker Enflame aims to raise $908 million after setting Shanghai IPO priceEnflame is China's latest AI chipmaker to go public as Beijing steps up its tech self-sufficiency drive, with the United States banning e...
- China’s Big Three airlines sink deeper into losses as fuel costs soarChina's three largest state-owned airlines reported substantial first-half losses. Surging jet fuel prices and a weak summer season impacte...
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