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BUSINESSJul 2When and how will China ease capital controls?The China Securities Regulatory Commission recently fined three Hong Kong brokerages – Tiger Brokers, Futu Securities International and Longbridge Securities – over US$330 million for offering mainland investors access to overseas stocks without authorisation. This should not be misconstrued as a move to discourage overseas investment. It is merely an attempt to discourage mainland investors from illegal channels that violate China’s capital controls. This is evidenced by the fact that the...South China Morning Post
BUSINESSJul 2AstraZeneca inks kidney therapy deal worth up to $1.77B with China’s CSPCAstraZeneca has signed a kidney therapy deal valued at up to $1.77 billion with China's CSPC. This agreement represents a major collaboration in the pharmaceutical sector.Seeking Alpha Tech
BUSINESSJul 2China aims to ‘infiltrate’ US-Mexico-Canada trade deal, says American manufacturing groupChina is trying to “infiltrate” the US-Mexico-Canada trade agreement via Mexican automotive investments, a US manufacturing trade group said, as Washington indicated it would not renew the agreement that comes up for review this month. However, analysts cautioned that full decoupling from China’s automotive industry remains difficult, given North America’s continued dependence on Chinese-sourced motor vehicle components and Mexico’s legacy of export manufacturing plus quick access to the US...South China Morning Post
BUSINESSJul 2Make Hong Kong China’s ‘space finance capital’, legal group urges BeijingAn independent legal group has proposed that Beijing designate Hong Kong as the country’s “space finance capital”, positioning the city as a gateway for commercial development of the sector under the national five-year plan. The Asian Academy of International Law also proposed in policy papers issued on Thursday that Hong Kong should enact a space asset registration and finance ordinance to provide legal certainty for the financing of such assets. The group pointed to Hong Kong’s key strengths...South China Morning Post
BUSINESSJul 2Hong Kong assets hit record US$5.38 trillion on renewed China appetite: SFCAssets and wealth under management in Hong Kong surged to a record high last year as global investors returned to Chinese assets, underscoring the city’s edge over Switzerland as a wealth hub. Financial firms in Hong Kong managed HK$42.2 trillion (US$5.38 trillion) worth of assets last year, a 20 per cent increase from the previous peak of HK$35.5 trillion in 2024, according to a report released by the Securities and Futures Commission on Thursday. Driven by the asset-management and...South China Morning Post
BUSINESSJul 2Franklin Covey sinks after cutting revenue outlook on delivery shifts and China uncertaintyFranklin Covey's stock declined after the company reduced its revenue outlook. This adjustment was attributed to shifts in delivery strategies and ongoing uncertainty related to China.Seeking Alpha Tech
BUSINESSJul 2Why the World Bank is winding down loans to China amid a ‘natural’ shiftBeijing has downplayed reports that the World Bank will phase out lending to China by 2031, with the Ministry of Finance noting that the nation’s advancing economy and changing development needs were shifting cooperation away from financing and towards knowledge sharing. “This is the natural result of changing domestic needs and the transformation of bilateral cooperation,” the ministry said in a statement on Wednesday, referring to the World Bank’s declining lending to China in recent...South China Morning Post
BUSINESSJul 2New technologies power China’s Tesla challengers to monthly sales recordsChinese Tesla challengers Leapmotor and Zeekr, banking on their latest battery and self-driving technologies, bucked a downward trend in domestic electric vehicle sales with record deliveries last month, ratcheting up pressure on the US carmaker amid weak consumer sentiment towards big-ticket items. Stellantis-backed Leapmotor delivered 93,376 electric vehicles (EVs) last month, up 94.5 per cent year on year, as it rewrote its sales record for a second consecutive month. Zeekr, a premium EV unit...South China Morning Post
BUSINESSJul 2EU chip industry squeezed by China, U.S. dependenceThe EU's chip industry is reportedly experiencing pressure due to its reliance on China and the United States.Seeking Alpha Tech
BUSINESSJul 2PDD embraces China’s ‘city of the future’ after bruising regulatory clash and record fineThe operator of budget online marketplaces Temu and Pinduoduo is ramping up its commitment in a state-backed development zone – dubbed a “city of the future” in official discourse – months after the e-commerce group was hit by the heaviest penalty in a record food-safety crackdown and accused by regulators of obstructing enforcement. PDD Holdings had more than 600 employees at its unit in the Xiongan New Area by the end of June, making it the development zone’s largest privately owned internet...South China Morning Post
BUSINESSJul 2‘China’s Instagram’ targets men to grow audience ahead of IPOSocial media platform Xiaohongshu accelerates plans for Hong Kong listingFinancial Times
BUSINESSJul 1Caught between the US and China, can Europe remain competitive?As trade tensions grow, Europe tries to remain competitive while balancing ties with the US and China.Al Jazeera [en]
BUSINESSJul 1What the SpaceX IPO Tells Us About China-US CompetitionInsights from Winston Ma.The Diplomat
BUSINESSJul 1China’s Kling AI nears US$3 billion round at US$18 billion valuation: sourcesKuaishou-backed Kling AI is close to completing a US$3 billion fundraising round that would value the company at US$18 billion post-investment, according to people familiar with the matter, as competition intensifies in China’s artificial intelligence video generation sector. The latest valuation was narrowed from an initial target of US$20 billion set in April, when Chinese short-video giant Kuaishou first planned to spin off Kling AI, according to a source, reflecting the shifting market...South China Morning Post
BUSINESSJul 1Sands China is a standout in Dow Jones' ESG performance trackingSands China has been recognized for its exceptional performance in environmental, social, and governance (ESG) tracking by Dow Jones.Seeking Alpha Tech
BUSINESSJul 1EU set for trade 'conflict' with China unless deal reached by autumn, EPP chief Weber tells EuronewsIn an exclusive interview with Europe Today, Manfred Weber warns the EU is heading into a "phase of conflict" with Beijing unless both sides strike a deal to significantly reduce trade imbalances by the autumn.EuroNews [en]
BUSINESSJul 1Newsletter: EU entering trade ‘conflict’ with China without autumn deal, EPP boss Weber saysHello, it’s Mared Gwyn here with your morning digest. Today: The view from Dublin as Ireland takes over the EU presidency baton, and how EU allies have clinched better terms as the bloc’s steel tariffs kick in.EuroNews [en]
BUSINESSJul 1Asian markets diverge as factory activity cools across China and Japan; gold and bitcoin slide in early July tradeAsian markets are showing mixed performance as manufacturing activity decreases in China and Japan. Additionally, both gold and bitcoin experienced declines in early July trading.Seeking Alpha Tech
BUSINESSJul 1World Bank to end lending to China by 2031The World Bank will phase out its lending to China by 2031 under its new Country Partnership Framework, marking a significant shift in its relationship with the world’s second-largest economy. A source familiar with the matter confirmed the development on Tuesday, corroborating an earlier report by the Financial Times. According to a World Bank official […] The post World Bank to end lending to China by 2031 appeared first on Vanguard News.Vanguard Nigeria
BUSINESSJul 1World Bank To Phase Out Lending To China By 2031In his first term in office, US President Donald Trump demanded that the World Bank stop lending to China entirely, as he adopted a more aggressive approach to Washington's chief economic rival. The post World Bank To Phase Out Lending To China By 2031 appeared first on Channels Television.Channels TV
BUSINESSJul 1China's manufacturing PMI eases to 51.7 in June but beats forecasts; caps strongest quarter since 2020China's manufacturing Purchasing Managers' Index eased slightly to 51.7 in June but surpassed forecasts, marking the strongest quarter for the sector since 2020. This indicates ongoing trends in China's industrial economic health.Seeking Alpha Tech
BUSINESSJul 1China’s new investment law asserts control over offshore tech transfers in landmark moveChina has enacted a sweeping overseas-investment law that aims to safeguard national interests against trade barriers and unauthorised use of advanced technology abroad, though analysts warn that the move could complicate operations for foreign partners. The State Council’s 34-article Regulation on Overseas Investment, taking effect on Wednesday, authorises “necessary and defensive measures” to protect Chinese investors and interests overseas in response to foreign trade-related barriers. Under...South China Morning Post
BUSINESSJul 1Will slowing car sales in China reignite brutal price war in crowded market?In the most bearish Chinese car market forecast by an international bank or consultancy, AlixPartners has predicted that deliveries will fall by 10 per cent this year on the back of a shaky economy and softening government support. Weak buying interest was likely to fuel a brutal price war that would ensnare nearly all the country’s 100-odd carmakers, the global consultancy added. It forecast that 24.6 million light vehicles would be delivered by Chinese carmakers this year, with 10 million of...South China Morning Post
BUSINESSJun 30World Bank to phase out China lendingDecision from global development institution follows years of pressure from the Trump administrationFinancial Times