HSBC plans to boost dividends rather than split the bank in two, saying any such move would generate huge one-off execution costs and could hit regulatory setbacks
Nio said it will rev up the construction of battery swapping stations in Europe with a view to expanding car sales in Germany, the Netherlands, Sweden and Denmark.
A Chinese state-owned company is "negotiating to buy a deepwater port and a World War Two airstrip" in the Solomon Islands, according to a report on Monday by the ABC
The US Securities and Exchange Commission on Friday added Alibaba to a list of Chinese companies that could face delisting from US exchanges, triggering an 11% drop in its shares.
The yuan on Monday extended a decline it has endured for the past five months, while China's economy remains mired in concerns about Covid and heightened international tensions
The floor area of homes sold in 17 cities tracked by China Index Academy slumped 33% from a month earlier, with Guangzhou plunging 48% and Beijing sinking 34%.
A subindex of the Caixin/Market PMI showed factory jobs slumped to the lowest level in 27 months in July while property sales by floor area in 17 cities slumped 33%.
Some analysts have said the US tech giant could face a drop in demand given China's weak economy and the slump in smartphone sales in the second quarter.
With billionaire Ma giving up control of Ant, any potential revival of its IPO may be pushed back by a year or more, the WSJ reported.
Many investment funds have taken a hit from China's property sector meltdown, which was made worse by the Covid lockdowns in major cities in the second quarter
The threat of delisting Chinese stocks from major US exchanges could be a bonanza for the Hong Kong Stock Exchange, if more firms follow Alibaba and do a dual primary listing in the city
US public accounting regulators will not accept any restrictions on its access to the audit papers of Chinese companies listed in New York, sources said on Tuesday