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%.
Contraction in energy-intensive industries, such as petrol, coking coal and ferrous metals, contributed most to pulling down the July manufacturing PMI, said a data chief
What's next for China Evergrande after it offered offshore creditors shares in two overseas-listed units in a bid to solve its liquidity crisis
The ailing real estate group plans to offer sweeteners in the form of shares in two of its overseas-listed units as part of its debt revamp
British companies worried about the West’s relationship with China are cutting ties with the world’s No2 economy
Chinese state media said Beijing will avoid using a flood of stimulus to revive its fortunes and will look to boost consumer demand