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China chipmaker CanSemi seeks to raise up to $918.5 million in Shenzhen listing
China

China chipmaker CanSemi seeks to raise up to $918.5 million in Shenzhen listing

HONG KONG, Sept 23 (Reuters) - Chinese chipmaker CanSemi Technology is seeking to raise 6.16 billion yuan ($918.5 million) in a Shenzhen listing after pricing its shares at 12.01 yuan each, a company

GFM News 12 hours ago
China central bank to inject more liquidity as Golden Week nears
China

China central bank to inject more liquidity as Golden Week nears

SHANGHAI, Sept 23 (Reuters) - China's central bank said on Wednesday that it would inject up to 1 trillion yuan ($149 billion) per day via short-term liquidity tools around the turn of the month as th

GFM News 12 hours ago
Volkswagen China chief expects China's passenger car market to decline by 20% in 2026
China

Volkswagen China chief expects China's passenger car market to decline by 20% in 2026

BEIJING, Sept 22 (Reuters) - China's passenger car market is expected to decline by about 20% in 2026, Volkswagen's top executive in China Ralf Brandstaetter said on Tuesday. His comments come as the

GFM News 1 days ago
China supports investment by its automakers in Europe, commerce minister says
China

China supports investment by its automakers in Europe, commerce minister says

BEIJING, Sept 22 (Reuters) - China backs investment by its automakers in Europe, Commerce Minister Wang Wentao said, calling for dialogue and consultation to resolve auto-sector issues through a "mutu

GFM News 1 days ago
China's industrial rise hits German manufacturers hard, ECB finds
China

China's industrial rise hits German manufacturers hard, ECB finds

FRANKFURT, Sept 22 (Reuters) - The industrial transformation of China is squeezing European firms out of global markets, particularly in machinery and transport equipment, with German companies taking

GFM News 1 days ago
China slows humanoid robot IPO rush as hype outruns reality
China

China slows humanoid robot IPO rush as hype outruns reality

Sept 21 (Reuters) - Chinese regulators are putting the brakes on a rush of humanoid-robot companies seeking listings, people familiar with the matter said, as they scrutinise whether soaring valuation

GFM News 3 days ago
China keeps benchmark lending rates unchanged for 16th month in September
China

China keeps benchmark lending rates unchanged for 16th month in September

SHANGHAI, Sept 20 (Reuters) - China kept its benchmark lending rates unchanged for the 16th straight month on Sunday, in line with market expectations. WHY IT'S IMPORTANT The steady loan prime rates

GFM News 4 days ago
China central bank adviser says AI could deepen supply-demand imbalance
China

China central bank adviser says AI could deepen supply-demand imbalance

BEIJING, Sept 19 (Reuters) - Artificial intelligence could deepen and prolong China's strong supply and weak demand imbalance, a central bank adviser said on Saturday, adding to calls for policies tha

GFM News 4 days ago
China's January-August fiscal revenue up 5.7% year-on-year
China

China's January-August fiscal revenue up 5.7% year-on-year

BEIJING, Sept 18 (Reuters) - China's fiscal revenue rose 5.7% in the first eight months of 2026 from a year earlier, finance ministry data showed Friday, slightly down from ⁠a 5.8% growth in the Janua

GFM News 5 days ago
China set to keep loan rates steady for 16th consecutive month in September
China

China set to keep loan rates steady for 16th consecutive month in September

SHANGHAI, Sept 18 (Reuters) - China is widely expected to leave benchmark lending rates steady for a 16th consecutive month in September, a Reuters survey showed, as policymakers remain cautious about

GFM News 6 days ago
China creates Italy-sized no-fly zone around Beijing after rare crash
China

China creates Italy-sized no-fly zone around Beijing after rare crash

BEIJING, Sept 17 (Reuters) - China is establishing a vast airspace security zone roughly the size of Italy around Beijing, barring all but commercial, approved business and emergency flights, months a

GFM News 6 days ago
China's slower loan growth is the new normal, central bank governor says
China

China's slower loan growth is the new normal, central bank governor says

BEIJING, Sept 16 (Reuters) - China's slower loan growth is becoming the new normal as shrinking property and local government sectors sap credit demand faster than emerging industries can fill the gap

GFM News 7 days ago
Chinese investors rush into US stocks as Beijing opens wider path overseas
China

Chinese investors rush into US stocks as Beijing opens wider path overseas

SHANGHAI, Sept 16 (Reuters) - Chinese investors are piling into foreign assets, especially U.S. stock funds, after regulators lifted outbound quotas, unlocking pent-up demand as domestic yields are at

GFM News 8 days ago
Two Chinese Firms Used Binance to Launder Iranian Oil Money, US Says
China

Two Chinese Firms Used Binance to Launder Iranian Oil Money, US Says

Sign up for the On Tech newsletter. Get our best tech reporting from the week. Get it sent to your inbox. Two Chinese companies used accounts on the cryptocurrency exchange Binance to launder illegal

GFM News 8 days ago
China's August retail sales miss forecast while investment slump deepens, piling pressure on Beijing
China

China's August retail sales miss forecast while investment slump deepens, piling pressure on Beijing

Pedestrians pass an Apple Inc. store in the Wangfujing shopping area in Beijing, China, on Friday, Feb. 10, 2023. China's consumer inflation accelerated last month as the country reopened and the Luna

GFM News 9 days ago
China urges more FX hedging as strong yuan hits exporters, sources say
China

China urges more FX hedging as strong yuan hits exporters, sources say

Sept 14 (Reuters) - China's foreign exchange regulator has instructed banks to encourage more corporate clients to hedge currency risks, people with knowledge of the matter said, stepping up efforts t

GFM News 9 days ago
China's DeepSeek hires dealmaker as CFO ahead of possible IPO
China

China's DeepSeek hires dealmaker as CFO ahead of possible IPO

Sept 14 (Reuters) - DeepSeek plans to hire Yan Wentao, a partner at venture-capital firm GL Ventures, as its first chief financial officer, two people with knowledge of the matter said, as the Chinese

GFM News 9 days ago
China central bank plans new metrics to rein in banks' long-dated bonds holdings, sources say
China

China central bank plans new metrics to rein in banks' long-dated bonds holdings, sources say

SHANGHAI, Sept 14 (Reuters) - China's central bank plans to introduce new metrics into its Macro Prudential Assessment framework, aiming to curb banks' excessive holdings in long-dated bonds and funds

GFM News 9 days ago
China's Z.AI raises $5 billion from new share, convertible bond sales, filing shows
China

China's Z.AI raises $5 billion from new share, convertible bond sales, filing shows

HONG KONG, Sept 13 (Reuters) - Beijing-based artificial intelligence company Z.AI Co Ltd (2513.HK), opens new tab raised a total of $5 billion from a Hong Kong share placement of about $2 billion and

GFM News 10 days ago