Hedge funds boost options bets for yuan to strengthen past 7
Hedge funds are ramping up options wagers, signalling that the Chinese yuan’s rally against the US dollar still has room to run. Their demand for options that become profitable if…
Hedge funds are ramping up options wagers, signalling that the Chinese yuan’s rally against the US dollar still has room to run. Their demand for options that become profitable if…
New World Development’s controlling shareholder, the billionaire Cheng family, is considering injecting capital into the debt-laden Hong Kong developer as early as the end of the year, according to people…
UBTech Robotics, a leading Chinese manufacturer of factory robots, has secured a credit line of up to US$1 billion from a Hong Kong investment firm to finance its production expansion,…
Leapmotor, Xpeng and Galaxy reported sizzling sales, driven by their cheaper models featuring self-driving and in-car entertainment systems similar to Tesla’s vehicles. Leapmotor, backed by Fiat owner Stellantis, broke its…
The law, which was issued in March, requires explicit and implicit labels for AI-generated text, images, audio, video and other virtual content. Explicit markings must be clearly visible to users,…
Cambricon’s shares closed down 2.95 per cent to 1,448.39 yuan on Monday. Still, that marked the day’s largest turnover on the mainland, which recorded 25 billion yuan worth of trades.…
The world’s first offshore yuan-denominated tokenised public bond was issued in Hong Kong on Monday, in a deal seen as a milestone in the city’s ambition to become a digital…
In a statement last week, the company said it planned to buy the remaining equity interest in Semiconductor Manufacturing North China (Beijing) Corporation (SMNC), a subsidiary that is currently 51…
China’s carmakers are readying a new crop of hybrid and electric vehicles (EVs) for Europe, using next week’s Munich car show to kick off the next phase of their expansion…
Alibaba Group Holding jumped the most in more than three years, with the surge driven by optimism that the e-commerce juggernaut will survive cutthroat competition in on-demand delivery and that…