China should not rush to use the digital yuan for cross-border payments due to regulatory obstacles and foreign concerns about it’s global impact, Zhou Xiaochuan, the country’s former central bank …
China’s Wanda raising $3 billion ahead of HK IPO for property management unit – sources
Chinese conglomerate Dalian Wanda Group aims to raise 20 billion yuan ($3.08 billion) for its commercial property management business, before listing the unit in Hong Kong by year-end, two people with …
China, Russia and the new space race
China and Russia have signed a deal to build a Moon base together as they seek to rival the US in orbit, on the Moon and beyond. The FT’s global China editor James Kynge and Moscow bureau chief Henry …
HSBC chief vows not to ‘flip-flop’ on China strategy
HSBC will not “flip-flop” on strategy every time there is a flare-up in tensions between Beijing and the west, according to chief executive Noel Quinn, rebuffing criticism of the bank for moving …
Audible investor leads $18.5m round in Israeli financial planning startup
DataRails, a financial planning and analysis platform based in Israel, has raised US$18.5 million in its series A funding round led by by early-stage venture capital firm Zeev Ventures. Managed by …
After Afghanistan, China and Russia will test Biden
(FINANCIAL TIMES) – “America is back,” proclaimed Mr Joe Biden a few weeks ago. But in Afghanistan, America is out. The US President has just announced the withdrawal of all remaining American troops …
Philippines can’t just ‘fold up’ in the face of China incursion —Carpio
Retired Supreme Court Senior Associate Justice Antonio Carpio on Tuesday said the Philippines cannot just “fold up” in the face of Chinese activities in the West Philippine Sea.
Philippines vows to ‘stake a claim’ on South China Sea with military – ‘It will be bloody’
Mr Duterte made the warning in a televised briefing on Monday, in which he accepted that sending ships to contest the South China Sea will likely lead to violence with Beijing. He said: “If we go …
Top military official warns China and Russia are modernizing nuclear weapons faster than US
The top US military official who runs the American nuclear arsenal warned that China and Russia are modernizing their nuclear weapons and capabilities faster than the US, saying during a congressional …
China tech groups hire ex-regulators to fend off Beijing’s crackdown
A growing number of Chinese tech companies have hired former government officials as part of efforts to navigate President Xi Jinping’s intensifying crackdown on the sector. Whi …