Contemporary Amperex Technology, China’s largest EV battery-maker and a major Tesla supplier, has seen a three-month slide in value that has left it under the RMB 1 trillion ($156.3 billion) mark for the first time in around year, reports the South China Morning Post. Some of the value drop can be attributed to production difficulties […]
Category: Investment
A record $18 billion worth of renminbi-denominated debt was sold off by foreign investors in March, reports the Financial Times. Offshore investors sold a net RMB 113 billion worth of Chinese onshore bonds in March, according to Financial Times calculations based on data from Hong Kong’s Bond Connect investment program. That took outflows over the […]
The International Monetary Fund (IMF) cut its global growth outlook by the largest amount since the start of the pandemic, predicting increased inflation thanks to Russia’s invasion of Ukraine and the current Chinese covid-related lockdowns, reports Caixin. Global expansion will slow to 3.6% in 2022, down from a forecast of 4.4% in January before the […]
The People’s Bank of China released measures to prop up the country’s economy as it struggles to deal with the impact of covid-related lockdowns on consumer activity. The PBOC published 23 measures which encouraged financial institutions to support local government infrastructure projects and the country’s struggling property sector, as well as provide financial services to […]
The chief executive officer of Credit Suisse Group AG’s Chinese securities venture is quitting after under two years in the role, making them the second top executive at a major foreign lender in China to step down in April, reports Bloomberg. Tim Tu informed management that he decided to pursue other opportunities within Credit Suisse, […]