US tech companies are exposed to China, from Apple, whose products sell well there, to chipmakers like Nvidia, to Facebook, which derives substantial advertising income from China © Financial Times The US-China tech war has kicked up a gear. In the space of seven days, the White House has threatened […]

Chinese technology stocks lost more than $75bn in value on Friday after US President Donald Trump unveiled executive orders targeting popular social media apps TikTok and WeChat. Shares in Tencent fell as much as 10.1 per cent in Hong Kong after Mr Trump issued an executive order that gave US […]

Donald Trump has turned his sights on a third major Chinese technology company, giving US companies 45 days to stop dealing with WeChat, the messaging app owned by Tencent. The Hong Kong-listed shares of Tencent, China’s second most valuable tech company with a market capitalisation of close to $700bn, fell […]

Chinese exports rose sharply in July, according to official figures released on Friday, in a sign of resilience in the country’s trade activity despite the lingering impact of the coronavirus pandemic worldwide. Exports rose 7.2 per cent in dollar terms compared with the same month a year earlier, according to […]

Hong Kong’s wealthy are moving increasing amounts of their gold out of the financial hub after Beijing imposed a new national security law on the city last month, dealers in the precious metal say. Private sector investors have shifted about 10 per cent of their physical gold from the territory […]

Donald Trump has given US companies 45 days to stop dealing with ByteDance, the Chinese owner of TikTok, and WeChat, the messaging platform owned by Tencent, as he stepped up a campaign to clamp down on apps that he described as a threat to economic and national security. Mr Trump […]

US-listed Chinese company JD.com is among the companies that could be affected if the Trump administration’s proposals come into effect © Getty Images The Trump administration has issued its recommendations to ban Chinese companies that do not comply with US accounting standards from listing on American stock exchanges.

Advertisement U.S. Secretary of Health and Human Services Alex Azar will lead a delegation in a rare high-level visit to Taiwan, the first visit by a U.S. Cabinet-level official since 2014, in a bid to promote cooperation between the two countries in combating the global COVID-19 pandemic. Azar and the […]

China’s central bank has announced the first bankruptcy of a commercial bank in nearly two decades, authorising the liquidation of regional lender Baoshang Bank, a year after it seized control of the institution. The decision to let the lender go bankrupt is a high-profile departure for China’s government, which has […]

Foreign ownership across China’s domestic bond market has set new record levels this year, as investors are drawn to the higher yields on offer in the country compared with other large economies. Overseas institutional investors had upped their holdings of renminbi-denominated bonds to Rmb2.5tn ($360bn) by the end of June, […]