Premier Li Keqiang says he expects that in three years, qualified foreign companies can get full businesses licenses and sole ownership of companies in China's financial industry. » Read More
By: Kelly Olsen
Hong Kong's booming IPO market is set to reach more than 300 billion Hong Kong dollars ($38.4 billion) in 2018, according to consultancy KPMG. » Read More |
By: Xin En Lee
The world's second-largest economy is in the midst of an intensifying trade war, but that's just one of many challenges it has to face. » Read More |
By: Eustance Huang
Tariffs between the U.S. and China went into effect at 12.01 p.m. HK/SIN on Monday. » Read More |
China has canceled planned trade discussions with the U.S. amid rising tensions and new tariffs, The Wall Street Journal reported on Friday.
Chinese stocks have plummeted this year on concerns about trade war and China's slowing domestic economy, but some investors now say excessive pessimism has created a buying opportunity, The Financial Times reports.
"Now we need to think about whether this current trade war will turn into an economic cold war," said Jing Ulrich, managing director and vice chairman of Asia Pacific at J.P. Morgan Chase.
Three-quarters of CFOs expect U.S. trade policy will negatively impact their companies in the coming month, according to the latest CNBC Global CFO Council survey. They are making contingency plans and moving operations as a heated trade war looms.
Alibaba co-founder Jack Ma likened the tech giant to a child he had nurtured and who had now grown up, gone to college and must face society's tests alone.
More than 45 percent of executives cite consumer demand as their No. 1 risk. This replaces U.S. trade policy as the chief concern in boardrooms around the world.
P&G said its shaving subsidiary will immediately stop buying the hair and sell off its existing inventory, which ranges in price from $30 for an entry-level brush to $250 for its Silvertip Engraved brush.
Many of these rising companies are cash rich and maintaining top positions in their respective industries is more important to them, HKEX's Charles Li told CNBC.
The World Economic Forum, which runs the annual conference of world leaders in Davos, Switzerland, is launching a hub in Beijing for government officials, businesses and academics to come up with suggestions for future tech policies.
In the past few weeks, economic troubles have hit Turkey and Argentina, leading to a selloff in emerging currencies, including in Asia.
Chinese Premier Li Keqiang said claims that the recent slide of the yuan against the U.S. dollar was an intentional policy decision from Beijing were "simply not true."
Short videos are taking China by storm.
Markets are beginning to digest that U.S. President Donald Trump "will go all the way" on imposing tariffs on all Chinese goods — a move that could prompt investors to flee to safe havens, said the CEO of a private equity firm on Tuesday.
The impact on the Chinese economy from the trade tariffs will be small, and China markets are still attractive despite slumping this year, said the chairman of UBS's Greater China investment banking arm.
While the U.S. president's "crazy" ways have worsened trade tensions, he's only a symptom of world developments that have hastened the tensions, pointed out Dani Rodrik, a professor at Harvard University.
President Donald Trump is looking to impose 10 percent tariffs Chinese imports, below the 25 percent level previously floated by the administration.
Data also provided by 
