Business News
Latest business news and updates
Total: 2031
Hong Kong Bets on Institutional Stability as HSBC and Standard Chartered-Backed JV Secure Landmark Stablecoin Licenses
The Hong Kong Monetary Authority has granted its first stablecoin issuer licenses to HSBC and the Standard Chartered-backed venture AnchorPoint. Both entities plan to launch Hong Kong dollar-pegged stablecoins in 2026, aiming to integrate digital assets into mainstream retail payment systems like PayMe.
The AI Albatross: Elon Musk’s Vision for SpaceX Meets a $5 Billion Reality Check
SpaceX is facing a $5 billion annual loss as the massive capital requirements of xAI drain its aerospace profits, prompting a rush toward a $75 billion IPO. While Starlink and launch services remain profitable, the company's $2 trillion valuation target is facing scrutiny from Wall Street amid management turnover and high burn rates.
China Overhauls Tech Board to Funnel Capital into 'New Quality Productive Forces'
China’s securities regulator has introduced major reforms to the ChiNext board, creating new listing paths for unprofitable tech firms with high R&D spending. The initiative aims to modernize the capital market to support strategic 'future industries' while involving local governments in the IPO referral process.
Teeth and Thorns: China’s $34 Million Audit Fine Signals New Era of Gatekeeper Accountability
Chinese regulators have fined audit firm Zhongxingcai Guanghua 243 million RMB for its failure to uncover systemic fraud at the Dongxu Group. The penalty marks a significant escalation in the CSRC's 'teeth and thorns' campaign to hold financial gatekeepers accountable for corporate malpractice.
ChiNext Surges to Four-Year High as Lithium and AI Sectors Ignite Growth Rally
China's ChiNext Index hit a post-2021 high on Friday, driven by a 3.78% jump led by the lithium battery and AI hardware sectors. High trading volumes and new regulatory reforms from the CSRC suggest a shift in investor sentiment toward high-growth, technology-driven sectors.
Algorithms of Salvation: China’s Rural Elderly Trade Health Pills for AI “Witchcraft”
Predatory 'AI Wealth' courses are targeting China's rural elderly, replacing traditional health supplement scams with digital-themed pyramid schemes. These programs exploit the demographic's lack of technical literacy and economic desperation by framing AI as a mystical path to riches rather than a technological tool.
Reining in the Global SOE: Beijing Centralizes Control Over $1.1 Trillion in Overseas Assets
China’s SASAC has established the Bureau of Overseas State-owned Assets to consolidate the management and oversight of over $1.1 trillion in international assets. The move aims to mitigate geopolitical risks and prevent state asset loss following several high-profile project failures.
Green Energy and Tech Triumphs Drive China’s ChiNext to Multi-Year Highs
China's ChiNext index surged to its highest level since 2021 as a massive rally in lithium batteries and AI-related tech drove broad market gains. With over 3,900 stocks rising, the shift reflects a rotation from defensive assets like gold back into high-growth manufacturing and financial sectors.
China’s Industrial Pulse Quickens as Three-Year Factory Deflation Ends
China's PPI turned positive in March 2026, ending a 41-month deflationary period, while CPI remained stable at 1.0%. The industrial recovery is being driven by a mix of international commodity pressures and a domestic surge in high-tech and green energy manufacturing.
China’s Factory Prices End 41-Month Slump, Signalling a Structural Shift in Industrial Momentum
China’s Producer Price Index turned positive in March 2026 after 41 months of decline, signaling an end to a long deflationary cycle in the industrial sector. While consumer inflation moderated to 1.0% due to seasonal post-holiday effects, the surge in PPI highlights a recovery driven by global commodities and domestic high-tech sectors like AI and green energy.
China’s New Price Mandate: Beijing Sets its Sights on the 'Vicious' Side of Platform Competition
China has implemented new 'Internet Platform Price Behavior Rules' to transition the digital economy from chaotic scale-driven growth to high-quality competition. The regulations target predatory pricing, big data discrimination, and platform coercion of merchants, aiming to foster an ecosystem focused on innovation rather than price wars.
China’s Green Engine: ChiNext Hits Four-Year High as Battery Sector Ignites Market Rally
Chinese markets rallied on April 10, with the ChiNext Index reaching a four-year peak and the Shanghai Composite briefly crossing 4,000 points. The surge was primarily driven by the battery supply chain and renewable energy sectors, backed by high trading volumes of 1.5 trillion yuan.