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CHINA reaffirmed its support for the yuan after allowing the currency to slip below a key support level in the last session. The People’s Bank of China (PBOC) set its daily reference rate…
China’s ambitious campaign to revive its flagging stock market has made the yuan an unintended casualty, with record dividend payouts leading to outflows. Interim dividends paid by Hong…
OUE Real Estate Investment Trust (Reit) is set to sell its entire stake in Lippo Realty, a real estate service provider that manages and operates an office building in Shanghai, to an…
ALIBABA Group said on Tuesday that it will sell its department store unit Intime to a consortium comprising textiles firm Youngor Fashion and some of Intime’s management for 7.4 billion…
THE yuan fell to the lowest level in about a year versus the greenback, as traders added bearish wagers on lacklustre China growth amid risks of higher US tariffs. The onshore yuan fell as…
CHINESE electric vehicle (EV) maker Nio’s net loss widened to 5.1 billion yuan (S$945.5 million) for its third quarter ended Sep 30, 2024, from 4.6 billion yuan in the corresponding period…
THE US dollar rose to a four-month peak versus major peers on Tuesday (Nov 12), while Bitcoin extended its record rally as investors continued to pile into trades seen as benefiting from…
CITY Developments Ltd (CDL), together with its partner in China, Lianfa Group, have been awarded the tender for a mixed-use development site in the Xintiandi area of Shanghai’s Huangpu…
BYD notched up another win over Tesla on Wednesday (Oct 30), reporting quarterly revenue that beat Elon Musk’s carmaker for the first time since the pair have gone head to head in global…
BYD notched up another win over Tesla on Wednesday (Oct 30), reporting quarterly revenue that beat Elon Musk’s carmaker for the first time since the pair have gone head to head in global…
CAPITALAND China Trust (CLCT) posted a net property income of 930.2 million yuan (S$172.6 million) for the nine months ended Sep 30, down 5.1 per cent from 980.1 million yuan in the…
THE Chinese central bank said on Monday (Sep 30) that it had bought 200 billion yuan (S$36.5 billion) of the country’s government bonds in open-market operations in September. China’s…
CHINA is considering injecting up to 1 trillion yuan (S$183 billion) of capital into its biggest state banks to increase their capacity to support the struggling economy, according to…
