China Business Now

CBN丨LAC becomes second-largest destination for China’s outbound investment

Latin American and Caribbean region has become the second-largest destination for China's overseas investment, according to the China-CELAC Private Sector Forum held on May 24 in Dongguan, Guangdong province.

 

https://m.21jingji.com/article/20230525/herald/62e8322027856d9d12628ba9a343b645.html

CBN丨Six trade powerhouses’ exports grow from Jan-Apr, structure improves

Six administrative regions in China, including Guangdong, Jiangsu, Zhejiang and Shandong provinces, as well as Beijing and Shanghai, have reported export growth in the first four months, with an improved structure. 

 

https://m.21jingji.com/article/20230524/herald/531fcf68d143920d39796b72eaae767d.html

CBN丨China’s top financial regulator stresses tighter insurance supervision

Four days after its inauguration, China's National Administration of Financial Regulation (NAFR) announced a previously held meeting, stressing supervision over the insurance industry, especially over insurers' solvency, should be further strengthened to firmly safeguard the bottom line of preventing systemic financial risks.

 

https://m.21jingji.com/article/20230523/herald/77c1c93254b5e0190b8ae7cf081f4093.html

CBN丨HKEX to launch dual counter model in June, driving yuan internationalization

Hong Kong Exchanges and Clearing (HKEX) announced that it will launch the dual counter model and market making system in its securities market on June 19, wherein investors would be able to begin interchanging securities listed in both Hong Kong dollar and renminbi counters. Securities on both counters will be of the same class and can be transferred without any change of beneficial ownership.

 

https://m.21jingji.com/article/20230522/herald/c05042fbf65b057ee6a807e1494a4943.html

CBN Friday Special丨“AI Stefanie Sun” takes social media by a storm, unnervingly good but likely ille

A search for “AI孙燕姿” (“AI Stefanie Sun”) yields hundreds of videos on Bilibili uploaded within the last month. The most popular ones have amassed over one million views. WeChat Index, which tracks keywords across the super app’s social and content ecosystem, shows that the term’s trending score skyrocketed to 50,000 on May 5 from zero just two days before.

TikTok and YouTube are now flooded with music by AI clones, including covers of “Get Lucky,” by AI Michael Jackson, “Party in the U.S.A.,” by AI Ariana Grande, “Song 2,” by AI Kurt Cobain, and “Kill Bill,” by AI Rihanna. 

AI singers seemed to spring up, almost overnight. How did they come along suddenly?

 

https://m.21jingji.com/article/20230519/herald/91f3b7b2e4ae7c9ba3f37de6a581e941.html

CBN丨China inaugurates National Financial Regulatory Administration

China’s National Financial Regulatory Administration (NFRA) was inaugurated  on Thursday in Beijing, taking the place of the China Banking and Insurance Regulatory Commission(CBIRC) after five years in operation, an important step for China’s new round of institutional reform in the field of financial supervision.

 

https://m.21jingji.com/article/20230518/herald/6e5de38c959f3e263e5dcb6a934d15e7.html

CBN丨Growth in urban housing prices in major Chinese cities slowed in April

China's new home prices in major cities grew at a slower pace in April. Average new home prices in 70 major Chinese cities rose 0.32 percent in April from a month earlier, slowing from the 0.44% month-over-month increase recorded in March.

 

https://m.21jingji.com/article/20230517/herald/08c90955097311bec4e0056c8d0b7b2e.html

CBN丨China continued steady economic recovery in April

China's economic recovery gained pace in April, newly released official data showed on Tuesday, as domestic consumption has kept surging in the first four months of the year, while industrial production and fixed asset investment are both rising.

 

https://m.21jingji.com/article/20230516/herald/b1eb9d5ae688c33aa2efa061c57ed4fb.html

CBN丨Swap Connect northbound trading begins

A much-expected program to allow mutual access to interest rate swap markets between the Hong Kong Special Administrative Region (HKSAR) and the Chinese mainland started on May 15, marking a milestone in the opening-up of the mainland’s bond and interbank financial derivatives markets.

 

https://m.21jingji.com/article/20230515/herald/c9c6f8dc8b3ab01101e01da445d28719.html

CBN丨China’s consumer inflation relaxes to lowest point in two years

China’s CPI edged up 0.1% while PPI came down 3.6% in April.

 

https://m.21jingji.com/article/20230511/herald/221869ad65fbbb6a58e2ad58191f5cf4.html