Business News
Latest business news and updates
Total: 2060
CATL Says Battery Makers May Build the Car’s ‘Heart’ While Automakers Keep the Shell
CATL’s legal chief projected that battery makers could come to supply not only cells but also chassis and powertrain modules, leaving automakers to concentrate on exteriors and connected services. This potential reallocation of technical responsibilities would shift value and bargaining power in the EV supply chain, with implications for competition, safety, and geopolitical risk.
Yingjia Gongjiu Replaces General Manager Amid Sharply Falling Profits — Internal Promotion Signals Focus on Sales and Stability
Yingjia Gongjiu’s general manager Qin Hai resigned early and was replaced by long‑time sales executive Yang Zhaobing. The move comes as the company reports significant year‑on‑year declines in revenue, profit and operating cash flow for the first three quarters of 2025, reflecting softer consumer demand in China’s baijiu market.
Compute‑Hardware Rally Lifts China’s A‑Shares as Broad Advance Sees Over 4,500 Stocks Rise
China’s A‑share market rallied with ChiNext and Shenzhen leading gains as compute‑hardware and related tech names pushed many mid‑caps to daily limits. The advance was broad but occurred on thinner turnover, suggesting a rotation that could be fragile without stronger trading volumes or policy clarity.
Hong Kong Tech Stocks Lead a Risk-On Day as Semiconductors Surge
Hong Kong equities rallied with the Hang Seng TECH Index up 2.4%, led by a strong advance in semiconductor and optical-communications stocks. The move highlights renewed investor appetite for chip-related exposure amid structural narratives of domestic technology development, even as energy shares lagged and southbound flows showed caution.
China Tightens Grip on Global EV Battery Market as Korean Suppliers Lose Ground
January 2026 SNE Research data show EV deliveries fell 2.1% year‑on‑year while installed battery capacity grew 10.7%, driven by larger packs and premium models. Chinese battery makers expanded their lead to 73.3% of global installed capacity, while South Korea’s top three suppliers slipped amid a sharp North American market slowdown following U.S. policy changes.
Oil Shock and Fed Uncertainty Send Gold Tumbling $100 — Why Safe‑haven Flows Have Flipped
Gold plunged about $100 intraday on March 9 as oil prices spiked amid renewed Middle East violence, prompting a dollar rally and higher real yields that raised the opportunity cost of holding bullion. Traders increased put hedges even as futures net‑longs recovered, signaling protective positioning rather than a collapse of gold’s long‑term case.
Oil's 28% Intraday Collapse in 24 Hours Exposes Fragile Geopolitics and Market Risks
A violent reversal in oil prices—WTI tumbling as much as 28% intraday after a prior spike—was driven by diplomatic signals and talk of coordinated reserve releases that drained speculative bets. The rout relieved short-term inflation and FX pressure but left structural concerns over Gulf shipping and potential production outages unresolved, keeping markets vulnerable to renewed shocks.
Hubei Bets on a 'Golden Triangle' — Not to Weaken Wuhan, but to Arm It
Hubei province is moving from a Wuhan-centric development model to a coordinated “Wuhan–Xiangyang–Yichang” golden triangle, enabled by new high-speed rail links and long-standing planning designations. The strategy aims to strengthen Wuhan by creating capable secondary centres that share innovation, production and logistics functions, reshaping regional competition in central China.
China’s Trade Posts Strong Start to 2026 as Exports and Imports Surge — But Trade with the US Slumps
China reported an 18.3% year-on-year rise in goods trade for January–February 2026, driven by a near-20% bounce in exports and strong import growth. Private firms, diversified markets such as ASEAN and the EU, and buoyant bonded logistics activity underpinned the recovery, while trade with the United States contracted sharply.
China’s A‑Shares Rally as Tech and Optics Stocks Surge, While Commodities Slide
A‑shares rallied after a dip in Middle East tensions, with the ChiNext index up over 3% and more than 4,500 stocks advancing. Technology and optical‑communications sectors led the gains, while oil, coal and gold fell amid commodity weakness. Lower turnover suggests the move may be theme‑driven rather than a broad conviction rally.
ChiNext Leads Midday Rally as Compute‑Hardware Names and PCBs Outperform; Oil & Gas Lags
China’s stock market saw a broad mid‑morning rally led by the ChiNext index, driven by gains in compute‑hardware themes including CPO and PCB names, while oil and gas stocks lagged. Market breadth was strong but turnover fell versus the prior session, indicating selective, cautious buying.
Kehua Data Shortlisted for Central Government Data‑Centre Cooling Framework — A Vote of Confidence for a Domestic Supplier
Kehua Data has been shortlisted for a central government framework to supply data‑centre air‑conditioning for state agency server rooms, a move that bolsters the firm's institutional credentials. The inclusion reflects Beijing’s push to standardize and secure critical infrastructure procurement while raising demand for efficient cooling as public IT workloads grow.