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"No other bankers in the US provide the level of services SVB used to offer," said an executive at a major Chinese investment bank, which has deposits at Silicon Valley Bank
Investors hope premier Li Qiang's close ties with president Xi Jinping will enable him to push for more business-friendly policies
Several Hong Kong-listed companies, mostly Chinese pharmaceutical firms, disclosed their exposure to Silicon Valley Bank over the weekend
At least one WeChat group with several hundred members has been formed by anxious Chinese clients of SVB seeking to safeguard their interest
Commerce Secretary Gina Raimondo said India could key become a key electronics supplier to the US, while adding that Washington was not seeking a "technological decoupling" from China
The development follows the Dutch government’s announcement that it would restrict exports of critical chipmaking technology to protect national security
For Chinese customers, the restrictions would mean “that their ability to pursue leading-edge nodes development will be significantly curtailed," Citi analyst Amit Harchandani said
The legislation led to laws that give India's Karnataka state “one of the most flexible working regimes in India,” according to a report by the Financial Times
Artificial intelligence firms targeted by the US are reportedly using third parties to get around chip export controls
The US crypto bank's shares halved in value, just a day after hitting a record low and have lost 64% since March 1
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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
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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
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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.
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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.
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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
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