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26.12.25 - 03:48
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Firmer yuan fuels Chinese share gains on bets Beijing will tolerate appreciation (SCMP)
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Mainland Chinese stocks rose on Friday, supported by a firmer yuan after the currency strengthened beyond the 7-per-US-dollar mark, stoking optimism that policymakers may tolerate a gradual appreciation to bolster investor confidence.
The broad-based CSI 300 Index gained 0.4 per cent to 4,660.63 at 10am local time, adding to a 0.2 per cent rise a day earlier. The Shanghai Composite Index was up 0.1 per cent. Hong Kong's market was closed on Thursday and Friday for the Christmas holiday.
Among......
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26.12.25 - 03:48
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China′s rising biotech clout on show in flurry of billion-dollar licensing deals (SCMP)
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Chinese drugmakers have signed a late-year burst of out-licensing agreements with overseas partners, underlining China's growing role as a source of novel medicines as multinational pharma groups hunt for new assets.
Jacobio Pharmaceuticals said it expected to receive an upfront payment of US$100 million from AstraZeneca, according to a filing to the Hong Kong stock exchange on December 21.
The British-Swedish drugmaker was paying for exclusive rights to research, develop, register, manufacture......
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26.12.25 - 03:18
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′India can help New Zealand cut China dependence′ (Times of India)
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Indian exporters in pharmaceuticals, electronics, and automotive sectors are poised to significantly increase shipments to New Zealand. This expansion offers New Zealand an opportunity to diversify its trade and lessen its reliance on China, according to think tank GTRI. The move highlights a potential shift in regional trade dynamics....
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25.12.25 - 22:36
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Has China′s stock market gone from ′uninvestable′ to ′irresistible′? (SCMP)
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As 2025 draws to a close, Wall Street's love affair with Chinese equities is in full swing. While the relationship between global investors and China has been a rocky one, market sentiment is now about varying degrees of bullishness.
In a panel discussion moderated by JPMorgan at the annual meeting of the Emerging Markets Trading Association earlier this month, some of the speakers said China's stock market had undergone a shift from “uninvestable” to “irresistible”, especially in the......
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25.12.25 - 14:06
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Mercedes-Benz acquires stake in Chinese autonomous driving developer for US$191 million (SCMP)
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Mercedes-Benz on Thursday said it completed the acquisition of a 3 per cent stake, worth 1.34 billion yuan (US$191 million), in motorcycle maker-turned-autonomous driving systems developer Chongqing Qianli Technology, three months after the deal was first announced.
The transaction involved Mercedes-Benz Digital Technology, the German carmaker's tech unit, and Shanghai-listed Lifan Holdings, which transferred 135.6 million shares of Qianli at 9.87 yuan per share.
Before the transaction, Lifan......
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25.12.25 - 13:54
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Tense UN Meeting Sees Russia, China Blast US ′Cowboy Behavior′ Against Venezuela (ZeroHedge)
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Tense UN Meeting Sees Russia, China Blast US 'Cowboy Behavior' Against Venezuela
A Tuesday UN Security Council session quickly grew tense and members squared off over what's happening off the coast of Venezuela, scene of apparent preparations for some kind of US military action.
Russia and China issued common condemnation of Washington, blasting a campaign of intimidation against Caracas which goes against the principles of the United Nations, and is based on "cowboy behavior".
via Reuters
The emergency session of the UNSC was formally requested by Venezuela and immediately backed by China and Russia.
Additionally the Chinese side complained that the US is currently "infringing upon other countries' sovereignty, security, and legitimate rights and interests, seriously violate the UN Charter and international law, and threaten peace and security in Latin America and the Caribbean."
Venezuelan President Nicolas Maduro initially submitted a formal appeal to all 193 UN mem...
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