Business News
Latest business news and updates
Total: 3030
Bona’s Fall: Chairman’s Casino Debt Scare Highlights Deepening Financial and Governance Strains
Bona Film Group and its founder‑chairman Yu Dong faced renewed scrutiny after Wynn Macau filed suit over an alleged HK$4.73 million shortfall tied to a credit line; Yu’s lawyers say the debt has been repaid and litigation terminated. The incident compounds wider business and governance problems at Bona, which has posted cumulative losses of more than RMB 2.7 billion between 2022 and 2025 and faces regulatory warnings and frozen shares.
The Global Housing Boom’s Two Illusions: Nominal Gains, Real Risks
Nominal house prices rose across more than 80 countries in 2025, fuelled by migration and a wave of overseas investment, especially from China. But when adjusted for inflation and currency movements, global real prices are flat or slightly down, and much of the nominal gain is concentrated in prime urban cores — a configuration that increases affordability pressures and financial‑stability risks.
CME Warns of ‘Epic Disaster’ if U.S. Intervenes in Oil Futures as Markets Whipsaw
CME Group’s CEO warned that any U.S. intervention in oil futures to suppress prices could provoke a grave market crisis, after volatile trading around Brent prompted speculation that the Treasury might have sold futures. Officials deny trading activity, but the episode highlights the risks of politicising price discovery and the knock‑on effects for liquidity, hedging and global markets.
China Imposes Anti‑Dumping Duties on Japanese and Canadian Halogenated Butyl Rubber, Raising Costs for Importers
China will levy anti‑dumping duties on halogenated butyl rubber imports from Japan and Canada from March 14, 2026, after finding dumping and material injury to domestic producers. Company‑specific rates range from 13.8% to 30.1%, the measure lasts five years and includes limited retroactive conversion of provisional bonds to duties.
China Cracks Down on “Big Fonts, Small Print” Ads — Regulators Demand Clearer Claims and Proof from Marketers
China’s market regulator has ordered a six‑month campaign to root out misleading advertising practices such as oversized headline claims paired with tiny disclaimers, unsubstantiated “first/best” assertions, and selective citations. The Notice tightens evidence requirements for advertisers, expands oversight of major publishing platforms, and signals a broader push to restore consumer trust and market order.
Shanghai Stocks Slip as Market Breadth Weakens; Chemicals and Wind Power Buck the Downtrend
China’s stock market closed lower as the Shanghai Composite fell 0.81% with over 3,800 stocks declining. Speculative rallies in chemicals, wind-power equipment and controlled-fusion-themed names contrasted with sharp sell-offs in compute-leasing and tungsten stocks, underscoring a sentiment-driven market with selective liquidity.
A‑Shares Retreat as Chemicals and Renewables Rally Narrowly; Market Sees Rapid Sector Rotation
China’s main stock indices slipped into negative territory at midday even as chemicals, wind power and battery materials staged strong, concentrated rallies. Trading was marked by fast sector rotation: commodity‑linked and renewable equipment stocks outperformed while compute rental concepts plunged.
China's Money Supply Rises as Deposits Flood In but Credit Growth Remains Modest
The People's Bank of China reported 9% year‑on‑year M2 growth at end‑February and Rmb9.26 trillion of new yuan deposits in the first two months of 2026, while net new RMB loans rose Rmb5.61 trillion. Abundant liquidity has lowered short‑term market rates, but the structure of financing—larger government bond share and modest private credit uptake—highlights uneven demand for credit and active fiscal financing.
Foton Bets on Battery Trucks as Light-Duty Electrification Accelerates — Hydrogen and Hybrids on the Side
Foton Motor is prioritising pure battery-electric light trucks while keeping hybrid and hydrogen fuel-cell variants in its portfolio. The firm expects rapid growth — CAAM projects about 58,000 pure-electric light trucks in 2025 for Foton, up roughly 79% year-on-year — reflecting broader electrification trends in China’s urban and regional freight sectors.
A‑Shares Open Lower as Oil and Coal Stocks Jump on Rising Energy Risk
China’s main stock indices opened lower on Friday while energy and coal sectors outperformed, buoyed by rising oil risk and domestic energy‑security considerations. Wind and gaming pockets showed early strength, whereas precious‑metals names retreated and highly volatile small caps continued multi‑day rallies.
India’s Panic-Buying of Induction Cookers Exposes Energy and Supply‑Chain Fragility
Fears of LPG shortages after Middle East tensions have triggered a mass Indian shift towards induction cookers, emptying stocks and forcing manufacturers to expand output. Reliance on imported components has led firms to consider costly airfreight from China and Southeast Asia, highlighting wider energy and supply‑chain vulnerabilities with implications for prices and industrial strategy.
Xiaomi’s Lei Jun Confirms Next‑Gen SU7 Will Be Priced Higher as Company Pushes Upmarket
Xiaomi founder Lei Jun announced that the next‑generation SU7 will carry a higher price tag to reflect substantial upgrades in safety, driving, intelligence and luxury. The model is slated for launch this month and Xiaomi is preparing mass production and deliveries. The price increase signals Xiaomi’s intent to move the SU7 upmarket, balancing improved product quality against the risk of alienating value‑oriented buyers.