China unveils major stimulus package to revive slowing economy
Sep 24, 2024 · Details of Pan’s Package: The seven-day reverse repurchase rate will be lowered to 1.5% from 1.7%RRR lowered by 0.5 percentage points, unleashing 1 trillion yuan in liquidityPBOC didn’t specify when RRR cut takes effectMLF expected to be cut by 0.3 percentage pointsMinimum down-payment ratio cut to 15% for second-home buyers, from 25%China may cut the RRR further this year by another 0.25 ...
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2 days ago · 🔒 RW Johnson – Space Race Mark II; This time US v China for moon base. The new space race between China, Russia, and the US is heating up. November 10th, 2024
FT: Bitcoin, dollar and Tesla jump as investors pile ... - BizNews
1 day ago · Following Donald Trump’s election win, Bitcoin surged over 10%, reaching a record high of $88,000 as investors bet on a crypto-friendly administration. With Republicans poised to control Congress, expectations of favorable legislation have boosted both crypto assets and market sentiment. Key ...
China's stock surge: Sustainable recovery or another false dawn?
Oct 8, 2024 · What we have seen over the last four years is a steady de-rating of Chinese equities. China used to have a lot of growth stocks. ATM, or Alibaba Group Holding Ltd., Tencent Holdings Ltd. and Meituan, was its version of the Magnificent Seven.
BizNews Briefing - Equities Focus Shifts as Boxer Plans JSE Listing ...
1 day ago · In today’s BizNews Briefing, Bronwyn Nielsen delves into South Africa’s equity landscape with Charl de Villiers from Ashburton, who shares the strategic shift toward local equities and the untapped value in mid-caps. The discussion extends to Nicky Newton-King, former JSE CEO and Stellenbosch ...
Chinese stocks on track for best week since '08 after ... - BizNews
Sep 27, 2024 · Chinese equities surged this week following Beijing’s announcement of a $114 billion stimulus package to support capital markets. The CSI 300 index gained nearly 15%, marking its best weekly performance since 2008.
BizNews Briefing – Trump Bump; Bitcoin above $80,000; MKP …
2 days ago · Summarized transcript of the Briefing: Opening Remarks by Alec Hogg (02:17 – 03:11) Alec Hogg introduces a streamlined format for today’s business briefing, covering two main stories: Bitcoin’s surge past $80,000, and what he terms …
China's tech decline sparks national innovation shift - BizNews
Oct 2, 2024 · Despite a severe government crackdown that shrunk China’s tech sector, Beijing’s innovation ambitions remain strong. While Western observers view the decline of companies like Alibaba and Tencent as a loss, China’s focus has shifted towards national security and global dominance in areas like AI, electric vehicles, and green industries.
China's stimulus plans fall short of investor expectations - BizNews
Oct 13, 2024 · The CSI 300 Index slid 3.3% last week, but it’s still up 21% from its close on Sept. 23, the day before China’s central bank announced a broad package of measures that included an interest-rate cut and liquidity support for the equity market. In Hong Kong, the Hang Seng China Enterprises Index lost 6.6% last week after surging more …
The Economist: Chinese companies are winning the global south
Aug 2, 2024 · Incumbents beware, Chinese companies are winning the global south - and there are many lessons to learn from this.