Business News
Latest business news and updates
Total: 3059
Beijing Pumps Rmb62.5bn into Spring Festival Stimulus, Turning Smart Gadgets Into This Year’s Must‑Buy
China has launched a Rmb62.5 billion Spring Festival subsidy program that prioritises trade‑ins for affordable smart devices, offering consumers 15% rebates up to Rmb500 on phones, tablets and wearables priced under Rmb6,000. The measures aim to stimulate near‑term spending while accelerating mass adoption of connected hardware, benefiting mid‑range manufacturers and related supply chains.
Fund Managers Turn Most Bearish on Dollar in a Decade as Trump's Volatility and Fed Uncertainty Bite
Fund managers have become the most bearish on the US dollar in over a decade, driven by political unpredictability under President Trump and expectations of Fed rate cuts. Large institutional investors are cutting or hedging dollar exposure, pushing derivatives indicators to extremes and raising the prospect of broader capital flows away from US assets.
RMB180m in Bonuses and a Mountain of Cash: How a Henan Crane Maker Rewrote the Rules on Pay
Henan Mining Crane Co. distributed RMB60m in cash at an annual meeting and RMB180m in total year‑end bonuses, equal to two‑thirds of 2025 net profit, benefiting over 7,000 employees. The move—driven by majority owner Cui Peijun and paired with commission‑heavy incentive structures and labour‑sensitive policies—highlights a pragmatic approach to retention and productivity amid broader cost‑cutting in Chinese manufacturing.
China’s New Year’s Eve Moves Online: Delivery Platforms Vie for Dinner Orders as Profitability Sours
China’s major delivery platforms have turned Lunar New Year’s Eve meals into a strategic instant-retail scenario, each adopting different approaches: JD focuses on quality and service, Taobao on targeted subsidies, and Meituan on steady platform integration. Operational improvements and riders’ willingness to work through the holiday are underpinning a permanent expansion of festival delivery, even as profitability pressures force more nuanced competition.
Precious Metals Slide: Spot Gold Drops Below $5,000 as Silver Falls Over 2%
Spot gold fell below $5,000 per ounce and silver dropped over 2% as a firmer dollar, rising real yields and softer post-holiday physical demand in Asia weighed on prices. The move underscores how macroeconomic data and monetary policy expectations, rather than safe-haven flows alone, are dominating precious-metals markets.
Before the Lunar New Year, Beijing's Home-Help Market Booms — Yet Workers Remain Scarce
Ahead of the Lunar New Year, Beijing is seeing a surge in demand for domestic services that has driven up wages and exposed a shortage of workers. Platforms and provincial governments are stepping in with mass recruitment, training and subsidies to stabilise supply for the holiday peak.
Delivering Reunion: How China’s New Year Eve Dinners Became a Booming Delivery Market
Search interest for delivered and takeaway New Year’s Eve dinners in China surged in early February, with several hundred-percent jumps across related search terms. Restaurants and platforms are responding with dedicated delivery services, extended logistics into rural areas and new seasonal product offerings, reshaping how families consume the Spring Festival reunion meal.
Hong Kong Stocks Finish Lunar Year on a Bright Note as AI, Chips and Miners Lead Gains
Hong Kong equities closed early on Lunar New Year’s Eve with the Hang Seng up 0.52%, led by strong performances in AI-related names, semiconductors and miners. Seasonal demand for gold and a renewed technical lift in the Hang Seng Tech Index supported a rotation into cyclicals, while Zhipu’s push for a STAR Market listing underscores continued capital-market diversification by Chinese tech firms.
China Sells First Batch of 2026 RMB Sovereign Bonds in Hong Kong, Deepening Offshore Yield Curve
China's Ministry of Finance listed RMB 14 billion of sovereign bonds in Hong Kong across five maturities, reinforcing Hong Kong's role as the main offshore hub for RMB assets. The issuance arrives against a backdrop of sustained growth in the offshore RMB bond market and efforts by the exchange to attract more listings.
Spot Gold Falls Below $5,000/oz as Silver Sinks; Precious Metals Retreat on Risk Appetite and Dollar Strength
Spot gold fell below $5,000 per ounce and silver dropped over 2% on Monday, reversing recent gains as traders engaged in profit‑taking and repositioned amid a stronger dollar and firmer yields. The move raises questions about the durability of safe‑haven demand and could exert pressure on miners and commodity‑linked economies if it persists.
Buffett’s Last Lessons: Trade, Trust and Time — Ten Practical Rules from a 94‑Year‑Old Investor
At Berkshire Hathaway’s annual meeting, Warren Buffett outlined ten practical principles for investors and citizens: beware trade protectionism, guard against inflationary fiscal policy, be modest about technology you do not understand, favour patience plus decisive action, and protect reputation. His remarks stress long-term compounding, vocation, curiosity and the role of trust in sustaining markets as he phases in succession at Berkshire.
From TikTok Refugees to Transformer Shortages: Ten Unexpected Business Shocks That Defined China in 2025
A string of unexpected developments in 2025—from TikTok users migrating to Xiaohongshu, to a transformer shortage limiting AI scalability—upended Chinese business. The year highlighted how geopolitics, surging technological demand and shifting consumer culture can swiftly elevate winners and expose strategic weaknesses.