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Financial Times
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Chinese business & finance

  • Thursday, 5 September, 2024
    Yet more fantastical goings-on in Nasdaq-listed Chinese micro-caps

    Baiyu Holdings takes a well-timed tumble

  • Thursday, 5 September, 2024
    The new economic nationalism
    China’s new back doors into western markets

    In the second part of a series on economic nationalism, we look at where Chinese companies are setting up shop to get around tariffs and barriers

    Montage of images of an electric car, a Shein shopping bag and the Singapore skyline
  • Thursday, 5 September, 2024
    Chinese banks’ loss-absorbing bonds may never be bailed in, say analysts

    Investors and rating agencies expect Beijing to provide support rather than let senior bonds be written down

    The logo of Industrial and Commercial Bank of China is displayed on a sign outside one of the bank's branches in Shanghai. In the foreground, two pedestrians walk past the building, with one holding a face mask.
  • Tuesday, 3 September, 2024
    Lex
    Hotpot companies are losing steam as China consumers wilt Premium content

    Consumers in China are spending less on everything from clothes and travel to dining out

    A customer uses chopsticks to pick up strips of tofu from a boiling spicy broth inside a Haidilao hotpot restaurant in Shanghai, China. The table is set with various dishes and bowls, and steam rises from the hotpot.
  • Tuesday, 3 September, 2024
    Shipping
    Chinese shipyards face quality control concerns over LNG vessels

    Growing demand forces shipowners to turn to China despite its limited experience building complex containers

    Several large ships docked at a shipyard on Xiaogan Island in Zhoushan, China, surrounded by cranes and industrial buildings. Workers are visible on the ships, working on maintenance tasks. The background features a cityscape with high-rise buildings and mountains.
  • Tuesday, 3 September, 2024
    Artificial intelligence
    Huawei’s bug-ridden software hampers China’s efforts to replace Nvidia in AI

    Ascend artificial intelligence chips are being widely adopted but Chinese companies complain of performance problems

    Signage at a Huawei store in Shanghai, China
  • Monday, 2 September, 2024
    New World Development Co Ltd
    Hong Kong property developer warns of first annual loss in 20 years

    New World Development shares closed down 13%

    The image shows K11 Atelier King's Road, a modern office tower developed by New World Development, located in North Point, Hong Kong, China. The building features a distinctive design with greenery on its lower levels and glass panels on the upper floors. Surrounding the tower are various other high-rise buildings and a few vehicles on the street.
  • Sunday, 1 September, 2024
    PDD Holdings
    Temu owner PDD builds $38bn cash pile as it denies investors payouts

    Chinese online retailer accumulates biggest net cash position of any listed group not to pay dividends or buy back shares

    A hand holding a smartphone displaying the Temu logo on an orange background. In the background, there is a blurred image of a laptop screen showing the Temu website with promotional banners.
  • Sunday, 1 September, 2024
    Chinese trade
    Chinese steel exports to reach 8-year high

    Imports into Europe expected to surge later this year

    Bundles of steel tubes at a trading market in the outskirts of Shanghai, China
  • Friday, 30 August, 2024
    Chery Automobile Co Ltd
    China’s Chery bets on continuing petrol car demand as it enters UK market

    Automaker launches mass-market SUV powered by conventional engines as it seeks to establish its brand

    A customer looks at a row of Chery Omoda 5 vehicles at a dealership in Sydney, Australia. The scene features several white and silver SUVs parked in front of the dealership, with banners displaying the Chery and Omoda logos. Another person in the background is taking a closer look at one of the cars.
  • Friday, 30 August, 2024
    Chinese economy
    Chinese offices emptier than during Covid pandemic as slowdown hits

    Vacancy rates rising in big cities including Beijing, Shanghai, Guangzhou and Shenzhen while rents are falling

    People are seen walking and standing along the Bund in Shanghai, with the iconic buildings of Pudong's Lujiazui Financial District visible in the background on May 1 2024
  • Thursday, 29 August, 2024
    People's Bank of China
    Chinese central bank’s $56bn debt purchase sparks talk of bond market intervention

    Traders speculate the People’s Bank of China will step in to manage sovereign debt yields

    Paramilitary police officers stand guard under a green canopy in front of the headquarters of the People's Bank of China in Beijing. The building features a modern design with large glass windows and the bank’s Chinese name above the entrance. A Chinese flag flies on a pole in front of the building.
  • Thursday, 29 August, 2024
    Renminbi
    China’s international use of renminbi surges to record highs

    Closer ties with Russia bolster Beijing’s efforts to use its currency more in global trade

    Montage of renminbi notes and a chart graph
  • Thursday, 29 August, 2024
    ETF HubLatest news on ETFs
    Shenzhen and Dubai pledge to increase cross-border ETF investing

    Memorandum of understanding is latest evidence of growing financial ties between China and Middle East

    A trader at the Dubai Financial Market
  • Wednesday, 28 August, 2024
    Markets InsightDiana Choyleva
    China’s squeeze on the aspiring classes will have an economic cost

    Beijing needs to adopt more ambitious measures to improve consumption

    A large crowd of people walks down Nanjing East Road in Shanghai, China. The street is decorated with numerous Chinese national flags, and the area is surrounded by trees and various shops.
  • Wednesday, 28 August, 2024
    Electric vehicles
    BYD’s earnings growth slows sharply as China price war bites

    Net profits rise 24% from a year ago compared with threefold surge in 2023

    Workers assemble a BYD Dolphin hatchback electric vehicle
  • Wednesday, 28 August, 2024
    Prudential PLC
    Prudential reports stalling growth in Hong Kong

    Life insurer says it has taken steps to reposition business in anticipation of ‘macroeconomic headwinds’ in China

    A Prudential office building
  • Wednesday, 28 August, 2024
    Electric vehicles
    Chinese EV maker Xpeng unveils $22,000 car with self-driving features

    Carmaker acquired project from ride-hailing giant Didi as it retrenched during Beijing’s tech crackdown

    He Xiaopeng, cofounder, CEO, and chairman of Chinese EV manufacturer Xpeng, speaks on stage during the launch of the Mona M03 electric vehicle in Beijing on August 27. A large image of the Mona M03 electric vehicle is displayed behind him.
  • Wednesday, 28 August, 2024
    Chinese economy
    China bond bulls warned of bubble risk over debt supply

    People close to Chinese central bank highlight impact of plans to issue almost $400bn more this year

    People walk past skyscrapers in Shanghai’s Lujiazui Financial District
  • Tuesday, 27 August, 2024
    LexTechnology sector
    Curbs on tech exports are not all they are cracked up to be Premium content

    Withholding tech puts more impetus on the targeted country to develop its own

    Signage at a Huawei store in Shanghai, China
  • Tuesday, 27 August, 2024
    LexPDD Holdings
    Temu’s global expansion now looks fraught with difficulty Premium content

    Owner PDD warns revenue growth will trend downwards amid rising competition and economic slowdown

    A hand using the Temu app on a smartphone, displaying various shopping categories and items.
  • Tuesday, 27 August, 2024
    PDD Holdings
    Chinese retailer PDD takes $55bn share hit after warning of ‘inevitable’ profit decline

    Ecommerce giant behind Temu flags rising competition and need to invest more in domestic market

    A mobile phone displaying the orange logo of Temu, an e-commerce platform owned by PDD Holdings, is held up in front of a computer screen showing the Temu website with various promotional banners and discounts.
  • Monday, 26 August, 2024
    Semiconductors
    China’s export curbs on semiconductor materials stoke chip output fears

    Western customers say restrictions on supply could hit production of advanced microprocessors and optical products

    A worker places lighting components on crystal displays and modules on a production line at a semiconductor production workshop in China
  • Monday, 26 August, 2024
    IBM Corp
    IBM slashes China research team as it shifts work to other regions

    US tech group faces tougher competition as Beijing favours homegrown rivals amid tensions with Washington

    Montage of IBM logo and stars
  • Monday, 26 August, 2024
    Artificial intelligence
    China’s tech giants splash out on AI despite US restrictions

    Capital spending doubles as Alibaba, Tencent and Baidu buy processors and infrastructure behind the training of large language models

    Logos of Nvidia, Tencent, ByteDance, Baidu, and Alibaba on a grey background. The Nvidia logo is prominent and centrally located, with the other logos surrounding it.
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