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☆ Royal teen at Qatar World Cup goes viral in China
▼ + stars: | 2022-12-03 | by ( Dorothy Kam | ) www.nbcnews.com time to read: +2 min

La'eeb during the opening ceremony of the World Cup in Doha, Qatar on Nov. 20. Karim Jaafar / AFP via Getty Images fileThey had earlier joked about La’eeb’s resemblance to traditional Chinese dumpling wrappers, and so Abdulrahman's nickname was born. “We love him because he is so cute,” one user commented on Weibo, a popular social media platform similar to Twitter. On Weibo, which he joined on Wednesday as “Little Prince La’eeb,” he has posted twice and gained almost 2.5 million followers. Qatar has since been eliminated from the World Cup, becoming the first host country to lose all three matches in the group stage.

☆ Chinese Startups Try to Make It Big in the U.S.—but Without the Backlash
▼ + stars: | 2022-11-29 | by ( Karen Hao | Shen Lu | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/chinese-startups-try-to-make-it-big-in-the-u-s-but-without-the-backlash-11669706136

☆ New Symbol of Protest in China Roils Censors: Blank White Papers
▼ + stars: | 2022-11-28 | by ( Liza Lin | Karen Hao | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/new-symbol-of-protest-in-china-roils-censors-blank-white-papers-11669642676

☆ Taiwan president resigns as party leader after election loss
▼ + stars: | 2022-11-26 | by ( The Associated Press | ) www.nbcnews.com time to read: +5 min

TAIPEI, Taiwan — Taiwan President Tsai Ing-wen resigned as head of the ruling Democratic Progressive Party following local election losses on Saturday suffered by her party. Tsai had spoken out many times about “opposing China and defending Taiwan” in the course of campaigning for her party. “Faced with a result like this, there are many areas that we must deeply review.”Taiwan's President Tsai Ing-wen casts her ballot at a polling station in New Taipei City, Taiwan on Nov. 26, 2022. They’ve raised a local election to this international level, and Taiwan’s survival,” said Yeh-lih Wang, a political science professor at National Taiwan University. At an elementary school in New Taipei City, the city that surrounds Taipei, voters young and old came early despite the rain.

☆ Markets wary about 2023 investment in China, says Grow Investment Group's Hao Hong
▼ + stars: | 2022-11-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarkets wary about 2023 investment in China, says Grow Investment Group's Hao HongHao Hong, Grow Investment Group chief economist, joins 'TechCheck' to discuss investor bullishness toward Chinese stocks, observations about the fundamentals for Chinese tech companies and China's weak export and retail sales growth.

☆ China’s Xi Stacks Government With Science and Tech Experts Amid Rivalry With U.S.
▼ + stars: | 2022-11-18 | by ( Karen Hao | ) www.wsj.com time to read: 1 min

HONG KONG—Chinese leader Xi Jinping has packed the top ranks of the Communist Party with a new generation of leaders who have experience in aerospace, artificial intelligence and other strategically important areas, as Beijing seeks to become a science and technology superpower that rivals the U.S. The roster of officials with backgrounds in science and technology on the party’s 205-member Central Committee has rebounded to roughly the length it had during former leader Jiang Zemin ’s first five-year term, beginning in 1992, when he kicked off a rapid acceleration of scientific research and innovation. The increase comes as Washington takes steps both to contain China’s tech sector and boost U.S. innovation.

☆ Global investors are bullish again on China as Beijing switches to damage control
▼ + stars: | 2022-11-17 | by ( Laura He | ) edition.cnn.com time to read: +6 min

A key index of Chinese stocks in New York jumped 15% during the same period. Some investment banks even upgraded their China growth forecasts following the policy changes. They want to correct the market’s perception of China’s economic outlook, as President Xi Jinping interacts with global leaders at G20,” it said. “I don’t think the long-term appetite for China and Hong Kong shares will return so quickly. The Nasdaq Golden China Index, a popular index tracking Chinese companies in New York, has plunged more than 33% so far in 2022.

☆ China regulators order more financing support for property firms
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +4 min

The move, first reported by Bloomberg, comes as cash-strapped property developers struggle to tap sources of funding to finish projects and pay suppliers. Chinese regulators are telling financial institutions to allow real estate companies to defer repayment of some loans, such as property development and trust loans, the sources said. China's property sector, once a pillar of growth, has slowed sharply this year as the government sought to restrict excessive borrowing by developers. Goldman Sachs said in a note that the basic principles of the property measures are not new. Chinese regulators expanded a key financing support programme designed for private firms, including real estate companies, to about 250 billion yuan ($35.18 billion) this week.

☆ A Classic Mercedes Helped Him Shift Gears in Work and Life
▼ + stars: | 2022-11-12 | by ( A.J. Baime | Photographs Martin Albert For The Wall Street Journal | ) www.wsj.com time to read: 1 min

William Li , 53, co-host of the television culinary series “Lucky Chow” and co-founder of the wellness brand the Hao Life, who lives in Columbia County, N.Y., on his 1988 Mercedes-Benz 560 SL, as told to A.J. To me, cars played an outsize role in the movies and TV shows of that era, and one model in particular. I remember seeing Richard Gere in “American Gigolo”—he drove a Mercedes 450 SL. The character Jennifer Hart in “Hart to Hart” was always in her Mercedes 450 SL. As a teenager, I thought that car typified success.

Nvidia’s new chip is a response to the Biden administration’s new rules restricting exports of American chip technology to China. HONG KONG— Nvidia Corp. has begun offering an alternative to a high-end chip hit with U.S. export restrictions to customers in China, after the new rules threatened to cost the American company hundreds of millions of dollars in lost revenue. Nvidia said the new graphics-processing chip, branded the A800, meets U.S. restrictions on chips that can be exported to China under new rules rolled out last month. The chip went into production in the third quarter, the company said.

☆ China investors desperately seek market bottom
▼ + stars: | 2022-11-02 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +3 min

HONG KONG, Nov 2 (Reuters Breakingviews) - Tuesday’s rally in China shares may have been based on rumour. But in offshore markets, the value discount on offer is so extreme it makes gambling on false hopes less risky than it might otherwise be. Buying based on online scuttlebutt might seem reckless, but less so considering how beaten up offshore shares in some Chinese companies are. The average constituent of the S&P 500 (.SP500) trades at 15 times its estimated forward earnings, while the Hang Seng China Enterprises Index (.HSCE) ratio is 5 times, Datastream shows. The question, though, is at what point investors see value in beleaguered Chinese technology companies and real estate developers.

U.S. West Texas Intermediate (WTI) crude rose $1.60, or 1.85%, to $88.13 after falling 1.6% in the previous session. The OPEC+ cuts and record U.S. oil export data also support oil price fundamentals, said CMC Markets analyst Tina Teng. Tamas Varga of oil broker PVM, meanwhile, said that dwindling oil supply, a possible halt to release of oil from the Strategic Petroleum Reserve (SPR) and reinvigotated oil demand growth could also send crude back above $100 a barrel. OPEC raised its forecasts for world oil demand in the medium and longer term on Monday, saying that $12.1 trillion of investment is needed to meet this demand. In a further cap to price gains, U.S. crude oil stocks are likely to rise in the week to Oct. 28, a preliminary Reuters poll showed.

☆ China Docks Final Module to Space Station
▼ + stars: | 2022-11-01 | by ( Karen Hao | ) www.wsj.com time to read: 1 min

HONG KONG—China has successfully docked the final module to its space station, marking a milestone in Beijing’s long-coveted ambition of becoming a world-leading space power. The 23-ton module, dubbed Mengtian, or “Dreaming of the Heavens,” lifted off from the Wenchang Spacecraft Launch Site on China’s southern island province of Hainan on Monday, according to China’s National Space Administration. It docked 13 hours later to the first two modules—the core module, Tianhe (“Harmony of the Heavens”), and the first research module, Wentian (“Quest for the Heavens”).

☆ China, HK stocks rebound sharply on unverified social media posts over COVID easing
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +1 min

SHANGHAI, Nov 1 (Reuters) - Hong Kong and China stocks jumped on Tuesday after rumours based on an unverified note circulating on social media that China was planning a reopening from strict COVID curbs in March triggered a sharp rebound following last month's savage selling. The Hang Seng Index (.HSI) jumped more than 5%, while the Hang Seng Tech Index (.HSTECH) gained nearly 8%. I truly don't know anything about this," foreign ministry spokesman Zhao Lijian said when asked about such a committee. "The market has fallen so much, and has a willingness to rebound," said Yip. Reporting by the Shanghai Newsroom Editing by Tony Munroe and Sam HolmesOur Standards: The Thomson Reuters Trust Principles.

☆ Credit Suisse's newly created investment bank lays out plans in memo
▼ + stars: | 2022-10-28 | by ( Saeed Azhar | ) www.reuters.com time to read: +2 min

"Over time, CS First Boston’s structure will evolve to become an independent standalone investment bank, enabling it to attract third party capital and include employee ownership," Miller wrote. The move to become "an M&A boutique with capital markets expertise" will start immediately, he wrote. The Swiss investment banking and capital markets business will be moved to the company's Swiss Bank to offer services in its home market, according to the memo. The bank has traditionally allocated a bigger share of capital to investment banking than its global peers, according to the ratings agency. It will also work closely with Credit Suisse's wealth management business to offer share-backed lending and structured credit to clients in Asia.

☆ Two Entrepreneurs Lived Through China’s Tumultuous Tech Decade. Only One is Staying.
▼ + stars: | 2022-10-25 | by ( Shen Lu | Karen Hao | ) www.wsj.com time to read: 1 min

Two Chinese entrepreneurs, Derek Li and Rick Chang , separately jumped into the country’s tech boom nearly a decade ago, in the early days of Xi Jinping ’s rule. China’s mobile-technology market was exploding, fueled by generous government subsidies and a light touch from regulators. Their respective businesses benefited greatly from the dynamism in China’s tech sector, underpinned by Mr. Xi’s push for innovation and entrepreneurship.

☆ Two Men Rode a Decadelong Tech Wave in China—Only One Is Staying
▼ + stars: | 2022-10-25 | by ( Shen Lu | Karen Hao | ) www.wsj.com time to read: 1 min

☆ Two Entrepreneurs Lived Through China’s Tumultuous Tech Decade. Only One Is Staying.
▼ + stars: | 2022-10-25 | by ( Shen Lu | Karen Hao | ) www.wsj.com time to read: 1 min

☆ Chinese stocks are still investable, says Grow Investment Group's Hao Hong
▼ + stars: | 2022-10-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese stocks are still investable, says Grow Investment Group's Hao HongHao Hong, Grow Investment Group chief economist, joins 'TechCheck' to discuss whether he believes Chinese stocks are investable after recent macroeconomic headwinds, where the opportunities are in Chinese markets and if there will be new rules ahead for technology companies in China.

On a quarterly basis, GDP rose 3.9% versus a revised drop of 2.7% in April-June and an expected 3.5% rise. 1/9 Workers work at a construction site, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China, October 14, 2022. A Reuters poll forecast China's growth to slow to 3.2% in 2022, far below the official target of around 5.5%, marking one of the worst performances in almost half a century. Retail sales grew 2.5%, missing forecasts for a 3.3% increase and easing from August's 5.4% pace, underlining still fragile domestic demand. "On the policy front, the overall policy will remain supportive," said Hao Zhou, chief economist at Guotai Junan International.

Workers work at a construction site, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China, October 14, 2022. On a quarterly basis, GDP rose 3.9% in the third quarter, versus a revised drop of 2.7% in April-June and an expected 3.5% rise. The data was originally scheduled for release on Oct. 18 but was delayed amid the key Communist Party Congress last week. New bank lending in China nearly doubled in September from the previous month and far exceeded expectations, helped by central bank efforts to revive the economy. "On the policy front, the overall policy will remain supportive," said Hao Zhou, chief economist at Guotai Junan International.

☆ How U.S. Uses Supply Chain Sway to Throttle China’s Chip Development
▼ + stars: | 2022-10-23 | by ( Karen Hao | Jemal R. Brinson | ) www.wsj.com time to read: 1 min

The new U.S. restrictions on exports of chips and related items to China leverage American dominance in critical areas of the global semiconductor supply chain and aim to strangle China’s advanced-chip development. The semiconductor industry has long been marked by a highly integrated global supply chain. Over the years, its steep research and development costs and intensive capital expenditures have driven different countries to specialize in different steps of the chip-making process.

☆ China’s Xi Jinping Urges Self-Reliance in Tech Amid Rivalry With U.S.
▼ + stars: | 2022-10-17 | by ( Karen Hao | Sha Hua | ) www.wsj.com time to read: 1 min

HONG KONG—Chinese leader Xi Jinping doubled down on the need to increase China’s self-sufficiency in technology and supply chains during a Communist Party meeting, as the country faces a growing economic and technological rivalry with the U.S. In a report delivered to the 20th National Congress of China’s Communist Party on Sunday, Mr. Xi warned of China’s lingering inadequacies in its scientific and technological innovation as well as its vulnerabilities in supply chains among the core challenges facing the country.

☆ As Xi opens congress, China's state hands keep markets steady
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +4 min

SHANGHAI, Oct 17 (Reuters) - As Chinese President Xi Jinping opened the landmark Communist Party Congress, the country's vast financial bureaucracy has been busily tamping down ripples of turmoil across its currency and stock markets. Scores of companies have announced share buybacks or executive share purchase plans since Friday, when regulators unveiled plans to ease share buyback rules. Investors and analysts believe government pressure on China's largely state-controlled fund sector may have played a role in the stock market rebound. Xia Chun, chief economist at wealth manager Yintech Investment Holdings, said this follows a pattern of China stocks typically rising before a party congress and then likely falling afterwards. On Monday, several state-controlled asset managers including E Fund Management Co, China Southern Asset Management Co and Zhongtai Securities Asset Management said they were investing their own money to buy products, echoing an identical refrain of confidence in China's capital markets.

☆ American Executives in Limbo at Chinese Chip Companies After U.S. Ban
▼ + stars: | 2022-10-16 | by ( Liza Lin | Karen Hao | ) www.wsj.com time to read: 1 min

SINGAPORE—American workers hold key positions throughout China’s domestic chip industry, helping manufacturers develop new chips to catch up with foreign rivals. Now, those workers are in limbo under new U.S. export control rules that prohibit U.S. citizens from supporting China’s advanced chip development. At least 43 senior executives working with 16 publicly listed Chinese semiconductor companies are American citizens, according to an examination of company filings and official websites by The Wall Street Journal. Many of them hold C-suite titles, from chief executive to vice president and chairman.

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