China /

Money & Wealth

Related Topics:
Stocks
Banking & finance
The MetaX booth at the World Artificial Intelligence Conference in Shanghai, July 26, 2025. Photo: CFOTO/Future Publishing via Getty Images
Banking & finance

Chinese AI, chip start-ups court global investors with Hong Kong listing plans

GigaDevice and Montage are each aiming to raise as much as US$1 billion from Hong Kong listings as early as January, report says.

US-China relations

US highlights Panama security ties as China-linked canal ports deal stalls

videocam
16
Artificial intelligence

Tencent shakes up AI operations, names recent recruit as chief AI scientist

Made in China 2025

China’s new drug insurance: lifeline for patients or squeeze on big firms?

New insurance formulary trims costs of Alzheimer’s and cancer therapies and marks a small win for global novel drug makers.

The commercial insurance formulary covers some medicines that are not yet eligible for reimbursement under the country’s National Reimbursement Drug List. Photo: Shutterstock
The commercial insurance formulary covers some medicines that are not yet eligible for reimbursement under the country’s National Reimbursement Drug List. Photo: Shutterstock
IPO

Biren Technology’s Hong Kong IPO gets go-ahead from Beijing

Shanghai-based Biren plans to float about 372 million shares on the Hong Kong stock exchange.

IPO

MetaX set for Shanghai debut amid frenzy over AI chip stocks, Nvidia uncertainty

The Shanghai-based graphics processing unit designer plans to raise US$596 million from the sale of 40.1 million shares.

Advertisement
Advertisement
Advertisement
Yuan

China’s currency comeback: yuan seen breaking key dollar level in 2026

Analysts bet US Federal Reserve rate cuts and thawing trade tensions will drive China’s yuan past the 7.0 psychological barrier.

The offshore yuan was at 7.048 per US dollar early Monday afternoon. Photo: dpa
The offshore yuan was at 7.048 per US dollar early Monday afternoon. Photo: dpa
Electric & new energy vehicles

High-end car sales sink in China as cheaper brands trump European marques

Many buyers were swayed by a 20,000 yuan (US$2,830 ) trade-in subsidy offered by the government for purchasing electric and plug-in hybrid vehicles.

Artificial intelligence

Sea change: China narrows AI gap with US 3 years after ChatGPT shock

The turning point came when DeepSeek released its V3 and R1 models, which were on par with OpenAI’s GPT and Meta’s Llama models at the time.

42
China-EU relations

EU targets China’s Shein and Temu with new fees on low-value parcels

Tariffs’ impact may be limited given the Chinese e-commerce companies’ extensive warehouse and logistics networks across Europe.

videocam
16
Both Shein and Temu have multiple distribution centres across Europe. Photo: Alarmy
China-Latin America relations

Mexico slaps tariffs of up to 50% on Chinese goods as US trade pact review looms

Beijing criticises the duties as damaging to its interests, as Mexico defends them as vital to support domestic producers.

videocam
46
Mexican President Claudia Sheinbaum says her government consulted domestic and foreign business leaders before finalising the tariff measure. Photo: EPA
Mexican President Claudia Sheinbaum says her government consulted domestic and foreign business leaders before finalising the tariff measure. Photo: EPA
US-China relations

China heads into 2026 with economic strains, uneasy US rivalry: Asia Society

Report says Beijing must juggle control and growth as debt, demographics and US tech tensions shape the year ahead.

videocam
10
Banking & finance

China’s sovereign fund reveals it opened London office after Trump win

China Investment Corporation opened its third offshore office in London in December 2024, joining outposts in Hong Kong and New York.

5
Mergers & Acquisitions

Chinese supercomputer maker Sugon and chip developer Hygon call off merger plans

The aborted merger dashes industry expectations for a major domestic ecosystem covering advanced processors and high-performance servers.

Supercomputer maker Sugon remains the largest shareholder of chip designer Hygon. Photo: Handout
Semiconductors

China’s Moore Threads to unveil AI chip road map to rival Nvidia’s CUDA system

Founder Zhang Jianzhong is expected to launch the firm’s next-generation AI chip architecture and MUSA platform road map in Beijing.

Moore Threads Technology expects to release a new-generation graphics processing unit every year. Photo: Moore Threads
Moore Threads Technology expects to release a new-generation graphics processing unit every year. Photo: Moore Threads
Robotics

China’s Deep Robotics raises US$70 million as sector draws more investors

Company founder Zhu Qiuguo says the new funding would be used for research and the recruitment of top robotics talent.

Semiconductors

China’s AI developers to welcome Nvidia’s H200 chip shipments, analysts say

Nvidia faces stronger domestic competition from the likes of Huawei, Cambricon, Moore Threads and MetaX.

7
Advertisement
Advertisement
Advertisement
Liang Wenfeng

DeepSeek founder Liang Wenfeng cleans up on chip firm Moore Threads’ IPO

Liang’s quantitative hedge fund, High-Flyer, subscribes to more than 80,000 Moore Threads shares, which saw a stellar trading debut in Shanghai.

Liang Wenfeng, the founder and CEO of artificial intelligence start-up DeepSeek. Photo: Shutterstock
Liang Wenfeng, the founder and CEO of artificial intelligence start-up DeepSeek. Photo: Shutterstock
China stock market

New China guidelines to base asset managers’ pay on the performance of funds

The China Securities Regulatory Commission seeks a performance-based salary mechanism at the country’s 160 mutual fund houses.

China stock market

Moore Threads shares dazzle with fivefold jump in Shanghai debut

Moore’s shares began trading at 650 yuan amid a declining market, a 468 per cent jump from their initial public offering price of 114.28 yuan.

Millionaires and billionaires

Mainland China’s billionaire count surges as BYD and Mixue bosses power gains

The combined wealth of mainland China’s billionaires soars 22 per cent to US$1.77 trillion; Hong Kong’s ultra-rich population rises.

Wang Chuanfu of BYD is among the tech sector’s biggest wealth gainers. Photo: Handout
Americas and the Caribbean

Brazil’s central bank chief says China’s low-cost imports have eased inflation

Gabriel Galipolo confirms imports from China have grown while their prices have fallen, easing inflation in Brazil in the short term.

videocam
4
Central bank president Gabriel Galipolo says that cheaper goods from China have helped to reduce inflation and keep interest rates stable in Brazil. Photo: Pedro Franca/Agência Senado
Central bank president Gabriel Galipolo says that cheaper goods from China have helped to reduce inflation and keep interest rates stable in Brazil. Photo: Pedro Franca/Agência Senado
Electric & new energy vehicles

Tesla affirms confidence in Chinese partners, repudiates supplier ban

American EV maker says rigorous standards – not geographic origins – guide its vendor choices.

Alibaba

Alibaba to lead AI capital spending among Chinese firms amid strong demand

The group’s intention to boost AI-related capital outlay reflects its aim to spearhead China’s efforts in the race for global AI leadership.

Yuan

China sets strongest yuan fix in over a year as Fed-cut bets rise

China’s currency is outperforming the euro and yen despite economic headwinds, with analysts pointing to Beijing’s geopolitical leverage as the driver.

China’s central bank has set the yuan’s daily reference rate against the US dollar at the strongest level in more than a year. Photo: Reuters
Help preserve 120 years of quality journalism.
SUPPORT NOW