Business News
Latest business news and updates
Total: 3058
Kioxia Names New CFO as Memory Champion Prepares for Next Wave of Capital Spending
Kioxia has appointed Yoshihiko Kawamura as CFO effective April 1, 2026. The finance chief will be central to steering the memory-chip maker through capital expenditure decisions, market cycles and geopolitical headwinds as demand from data centres and AI grows.
China Tightens Controls at Home as Offshore Renminbi Surges: Real‑name Rules for Gold Recycling and a 600‑point RMB Rally
Shanghai is considering mandatory real‑name checks for gold buybacks after a robbery‑to‑resale case exposed weak provenance controls, a move aimed at curbing theft and money‑laundering. At the same time the offshore renminbi has rallied more than 600 points in three days, reflecting improved sentiment, capital inflows and a managed tolerance in Beijing for modest yuan appreciation.
A‑share Opening Slip: Chips, Fiberglass and Optical-Communications Names Lead Early Decline as Brokers Tout Cyclical, Green Winners
China’s A‑share indices opened lower on Friday with semiconductor, fiberglass and optical‑communications sectors leading losses. Domestic brokerages framed the move as part of a rotation from high‑valuation tech names into cyclical heavy assets and green‑energy applications that could benefit from policy shifts and global carbon regulations.
PBOC Drops Reserve Requirement for FX Forwards to Zero — A Nudge Toward Broader Hedging and RMB Stability
The People’s Bank of China will cut the foreign-exchange risk reserve requirement for forward FX sales from 20% to zero from 2 March 2026 to promote market development and corporate hedging. The move lowers banks’ capital costs for offering forwards, aims to deepen the hedging market and reduce balance-sheet currency risk, but carries risks of larger speculative forward positions if not paired with prudent risk controls.
China’s Local Governments Rapidly Tap Bond Markets to Fund Projects and Refinance Hidden Debt
Chinese local governments have issued more than RMB 2 trillion in bonds by late February as Beijing leans on fiscal tools to spur infrastructure and social projects and to replace implicit local liabilities. About half of the issuance is refinancing aimed at swapping hidden debt into formal bonds, while new special‑purpose bonds are being prioritised for on‑the‑ground investment.
Shanghai Raises Home Provident Fund Loans to a Nationwide High — A Boost for Upgrading Buyers
Shanghai has raised its housing provident fund loan ceiling for first‑time buyers from RMB 1.6 million to RMB 2.4 million, with additional top‑ups for multi‑child families and purchases of certified green buildings, allowing a maximum loan of RMB 3.24 million. The policy is part of broader national moves to deploy large provident‑fund balances to support housing demand, encourage upgrades and align housing policy with environmental and demographic goals.
Beijing Forces Delivery Apps to Clean Up ‘Ghost’ Takeaways: New Rules Make Platforms the Gatekeepers
China will require food-delivery platforms to perform substantive licence checks, verify merchant addresses at least every six months, and display vendor credentials publicly, with new rules taking effect June 1. The measures, aimed at eliminating “ghost” takeout operators, embed platforms in the e-commerce regulatory framework and impose steeper fines to strengthen food-safety oversight.
German Chancellor’s Trade Mission Yields Dozens of China Deals as Robotics Showcase Signals Tech Thaw
German Chancellor Mertz’s visit to China produced more than a dozen commercial deals across major industrial sectors, accompanied by a high-profile stop at robotics firm Yushu Technology in Hangzhou. The agreements reflect ongoing commercial interdependence between Germany and China, even as governments grapple with strategic risks around technology transfer and supply-chain security.
China’s Record Spring Festival: 5.96 Billion Trips and a New Model of Cultural Consumption
China’s nine‑day Spring Festival generated historic travel and spending—5.96 billion domestic trips and 8.03 trillion yuan—highlighting a rapid reshaping of tourism around immersive cultural experiences, film and media tie‑ins, and stronger inbound flows. The holiday demonstrated tourism’s growing economic and soft‑power role, even as it exposes challenges in sustainability and regional inequality.
RMB Strengthens to Three-Year High as Investors Reallocate Toward China
The renminbi has rallied to its strongest levels since April 2023, with onshore and offshore rates testing the mid‑6.80s amid large exporter foreign‑exchange conversions and softer dollar dynamics. Analysts view the move as broadly positive for international investor appetite toward Chinese assets, but caution that policymakers must manage the pace to avoid damaging export competitiveness.
Blowout Quarter, Tepid Market: Nvidia’s Strong Results Undercut by AI‑Monetisation Fears and an Uncertain OpenAI Pact
Nvidia posted a stellar quarter driven by its data‑centre GPUs and issued an aggressive revenue guide, yet the stock fell over 5% as investors fretted about the sustainability of AI capex, lofty valuations and uncertainty around a large potential OpenAI investment. The rout hit other chip names too, reflecting concern about demand sensitivity to hyperscaler spending and a market shift from training to inference workloads.
China’s Fuling Zhacai Sees Rapid CEO Turnover as Growth Stalls and M&A Falls Apart
Fuling Zhacai has replaced its CEO for the second time within five months as weak sales growth and declining volumes in its core pickled-mustard business pile pressure on the company. A planned acquisition to diversify revenue was abandoned after parties failed to agree on key terms, leaving strategic questions about how the firm will escape its growth bottleneck.