Latest: Fintech News
Analysts say there is renewed appetite for a global yuan as aggressive tariffs shake faith in the American currency and other US assets
China’s foreign ministry released a video on Tuesday that likened yielding to US President Donald Trump’s 145% tariffs to “drinking poison.”
China has granted tariff exemptions on US goods such as pharmaceuticals, chips and aircraft engines and has asked firms to identify critical goods they need levy-free
Private sector survey finds a sharp contraction in export orders, with firms lowering inventories as business optimism sinks to its third-lowest since 2012
Prices of goods posted from China valued under $800 will soar from Friday (May 2), when the "de minimus" trade loophole ends and new tariffs begin
"China's affected airlines and Boeing have suffered greatly," the Commerce ministry said, but other airlines say they're happy to take jets from Boeing if China no longer wants them
Beijing says it will take legal action if companies push ahead with $23bn ports deal, insisting that the takeover must be reviewed by its top regulator
Working groups will discuss key issues in new trade talks, but Seoul must hold an election before it can make commitments on big energy projects and defence costs
Huawei has approached some Chinese tech companies about testing the technical feasibility of its new chip, the Ascend 910D
US tech giant will have to ramp up manufacturing in India to avoid tariffs on the 60-plus million iPhones it sells in the US
In This Section
AF Fintech Insights
-
Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
Fintech InsightsHow Livestream Shopping Works In China
Recommended: AI News
Recommended: Crypto News
Recommended: Blockchain News
AF TV: Fintech Videos
Fintech: The Big Picture
With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
-
PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
-
MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
-
Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
-
Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
Asia Financial is owned by Capital Link International Holdings Ltd, 902, Wilson House 19-27 Wyndham Street, Central, Hong Kong. www.capitallinkintl.com
