Reuters Asia Business

By Mathieu Rosemain and Leigh Thomas AIX-EN-PROVENCE, France (Reuters) – European firms are concerned they could get caught in the cross-fire of rising economic rivalry between the United States and China, with some officials at a French business conference also frustrated at Europe’s slowness in crafting a response. Rising trade tensions between the two superpowers …

European firms look for footing in China-U.S. spat, French execs say Read More »

BEIJING (Reuters) – China published regulations on Sunday for the country’s $2.9 trillion private investment fund sector, seeking to better protect investors and promote innovation. The new rules, signed by Premier Li Qiang and effective on Sept. 1, create a chapter specifically for venture capital funds, as policymakers encourage investment into innovative technology start-ups, said …

China sets wide-ranging rules for $2.9 trln private investment funds Read More »

By Andrea Shalal BEIJING (Reuters) – The United States has repeatedly referred to a senior Chinese central banker as the head or acting head of the People’s Bank of China (PBOC) in recent days, appearing to confirm his expected elevation to the top post. Treasury Secretary Janet Yellen referred to PBOC Deputy Governor Pan Gongsheng, …

U.S. calls Pan Gongsheng China’s central bank ‘head’, suggesting unannounced promotion Read More »

By Mathieu Rosemain AIX-EN-PROVENCE, France (Reuters) – A “Chinese storm” is looming over Europe’s growing electric vehicle (EV) sector, Renault Chairman Jean-Dominique Senard told Reuters on Saturday, as Asia’s superpower dominates key raw materials to make batteries for zero emission cars. China’s recent decision to restrict exports of two metals – gallium and germanium – …

‘Chinese storm’ looming over Europe’s EV sector, Renault chairman warns Read More »

By Julie Zhu and Josh Ye HONG KONG (Reuters) -Ant Group on Saturday announced a surprise share buyback that values the fintech giant at $78.54 billion, well below the $315 billion touted in an abandoned IPO in 2020, in a move that may let some investors exit after a lengthy regulatory overhaul of the firm. …

Ant’s surprise share buyback values firm at steep 75% discount to IPO Read More »

SHANGHAI (Reuters) – The China Association of Auto Manufacturers (CAAM), citing antitrust law, on Saturday retracted a pledge to avoid “abnormal pricing” made two days earlier by 16 automakers, including Tesla.. Thursday’s CAAM-organised pledge by the companies, including Chinese electric vehicle (EV) makers Nio, Li Auto and Xpeng, had been interpreted by some as signalling …

China’s auto group retracts pledge to avoid ‘abnormal pricing’ Read More »

SHANGHAI (Reuters) – China’s securities regulator said on Saturday that it would support mutual fund managers to enable them to lower fund product fees. In a statement, the China Securities Regulatory Commission said it would optimise the mutual-fund fee scheme and steadily lower the industry’s comprehensive fee rates. The statement came as performance of China’s …

China’s securities watchdog will support mutual funds in cutting product fees Read More »

TEGUCIGALPA (Reuters) – The Honduran government on Friday told Chinese officials it is seeking investors to help fund construction of a proposed $20 billion rail line connecting the country’s Atlantic and Pacific coasts, part of a binational trade and investment push. Honduras and China have been negotiating a first-ever free trade pact linking their economies. …

Honduras probes Chinese interest in investing in $20 billion rail line Read More »