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07.12.25 - 02:36
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Mainland bank apps beat those in Hong Kong and Singapore, study says (SCMP)
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Mainland Chinese customers enjoy the best mobile banking apps in Asia, but banks across the region still lag behind their Western counterparts when it comes to a great mobile experience, according to a global study.
Three mainland lenders – Ping An Pocket Bank, China Merchant Bank (CMB) and Industrial and Commercial Bank of China (ICBC) – swept the top three positions in Asia in the ranking by Sia, an international management consulting firm.
The firm's Mobile Banking Benchmark assessed 137 apps......
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06.12.25 - 02:09
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USA Or China: Goldman Breaks Down Who Will Win The AI War (ZeroHedge)
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USA Or China: Goldman Breaks Down Who Will Win The AI War
Even after the latest US-China trade truce, the superpower race for technological dominance remains red hot - and will only intensify through the end of the decade.
The battle is over who controls the technologies that will dominate the 2030s: AI chatbots, advanced chips, drones, humanoid robots, clean tech, EVs, satellites, reusable space rockets, hypersonic weapons, next-gen grid power generation, and the critical minerals that make all of it possible.
The latest comments from U.S. Trade Representative Jamieson Greer reveal that the Trump administration is pushing for a stable trade environment with Beijing, which makes perfect sense heading into the midterm election cycle.
"I don't think anyone wants to have a full-on economic conflict with China and we're not having that," Greer said Thursday at the American Growth Summit in Washington.
Greer continued, "In fact, President Trump has had the opportunity to use all th...
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05.12.25 - 18:27
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"No Longer Gold′s Quiet Sidecar": Silver Surges To Record High As China Demand Exacerbates Squeeze (ZeroHedge)
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"No Longer Gold's Quiet Sidecar": Silver Surges To Record High As China Demand Exacerbates Squeeze
As we have detailed extensively recently (here, here, and here), silver's latest breakneck surge to record highs was in large part due to collapsing inventories of the precious metal in Chinese warehouses linked to the Shanghai Futures Exchange, which just hit the lowest level since 2015.
The squeeze continues to accelerate and this morning the white metal topped $59 - a new record high...
...as rising rate-cut odds support the buying...
...and Chinese demand continues to build back inventories...
Strong inflows to exchange-traded funds added more impetus to a scorching rally, as Bloomberg reports, total additions to silver-backed ETFs in the four days through Thursday are already the highest for any full week since July, a strong signal of investor appetite despite signs silver's gains may be overdone.
As Goldman notes, key catalysts for silver's recent rise include a depletion o...
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05.12.25 - 15:36
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Russia′s Putin in India with Modi, France′s Macron in China with Xi | The Pulse 12/4 (Bloomberg)
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Today's guests: Tina Fordham, Fordham Global Foresights Founder and Geopolitical Strategist; Julien Lafargue, Barclays Private Bank Chief Market Strategist; Brian Moynihan BofA CEO; Andrew Puzder, US Ambassador to EU; Susan Langley, Lady Mayor of London. (Source: Bloomberg)...
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05.12.25 - 09:30
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Full-day Takeaway: HSI Closes at 26,085, Up 149 pts; HSTI Closes at 5,662, Up 47 pts; PING AN Up over 6%; HANSOH PHARMA, ENN ENERGY, SINOTRUK Hit New Highs; Market Turnover Rises (AAStocks)
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At close, HSI rose 149 pts or 0.6% to 26,085. HSTI rose 47 pts or 0.8% to 5,662. HSCEI gained 91 pts or 1.0% to 9,198. Market turnover reached $210.47 billion.Active Heavyweights:PING AN (02318.HK) closed at $60.45, up 6.7%XIAOMI (01810.HK) closed at $42.78, up 1.9%MEITUAN (03690.HK) closed at $99.05, up 1%CCB (00939.HK) closed ......
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05.12.25 - 09:09
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Aktien Asien: Japanischer Markt schwächelt (DPA-AFX)
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TOKIO/SHANGHAI/HONGKONG/SYDNEY (dpa-AFX) - Die wichtigsten asiatischen Aktienmärkte haben am Freitag mit Ausnahme Japans zugelegt. Dort gab der Markt nach den Gewinnen der Vortage nach.Die Marktstrategen der Deutschen Bank begründeten ......
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05.12.25 - 08:01
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China ′Big Five′ Bank to Add Youngest Vice President (Caixin)
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One of China's “Big Five” state-owned lenders has brought in Tang Shuo from peer Bank of Communications (BoCom), appointing the 47-year-old to its Communist Party committee, in a move that positions him to become the youngest vice president among the “Big Five.”
... Read more...
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05.12.25 - 08:00
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China′s risky shadow banks back in spotlight after debt crackdown (SCMP)
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China's crackdown on borrowing by local governments is forcing state-run entities in even some of the wealthiest provinces to tap costly credit from non-bank lenders, a stopgap that is increasing risk in an opaque corner of the financial system.
The borrowing marks a return of China's shadow-banking market, which is more loosely regulated than traditional lenders and had been reined in over the past few years in a bid to reduce risk. Since September, industrial investment arms and financing......
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05.12.25 - 05:15
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Midday Takeaway: HSI Closes Midday at 25,872, Down 63 pts; HSTI Closes Midday at 5,604, Down 11 pts; SHENZHOU INTL Down over 4%; GLOBAL NEW MAT Hit New Highs (AAStocks)
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At midday close, HSI dropped 63 pts or 0.2% to 25,872. HSTI dropped 11 pts or 0.2% to 5,604. HSCEI fell 12 pts or 0.1% to 9,094.Active Heavyweights:PING AN (02318.HK) closed at $58.2, up 2.7%XIAOMI (01810.HK) closed at $42.6, up 1.5%MEITUAN (03690.HK) closed at $97.2, down 0.9%TENCENT (00700.HK) closed at $607, down 0.8%BABA (09......
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