* SSEC 0.2%, CSI300 0.6%, HSI -0.3% * HK->Shanghai Connect daily quota used -1.2%, Shanghai->HK daily quota used 6.1% * FTSE China A50 +0.5% China stocks rose on Wednesday, led by gains in consumer and healthcare companies, as sentiment was lifted by hopes of a speedy economic recovery from the COVID-19 pandemic.
The World Trade Organization is set to pick its first female leader in coming days, offering a fresh start to a body weakened by fights between the U.S. and China at a time of global economic crisis. Consultations among the WTO's 164 members were due to end on Tuesday on the choice between former Nigerian Finance Minister Ngozi Okonjo-Iweala and South Korean Trade Minister Yoo Myung-hee. In a selection process that isn't an outright election, the WTO will say as soon as Wednesday...
LONDON-- HSBC Holdings PLC's (HSBC) net profit fell in the third quarter as the coronavirus ravaged the global economy and political tensions between the U.S. and China intensified over Hong Kong. The London-based bank with Asian roots said net profit fell 54% to $1.36 billion in the three months ended Sept. 30, from $2.97 billion in the same period last year. HSBC (HSBC) set aside $785 million in provisions for bad loans in the quarter, less than a third of the amount set aside in the previous three...
Foreign direct investment in China largely held steady during the first half of this year, even as investment inflows into the U.S. and European Union plummeted, in a fresh sign that the world's second-largest economy has suffered less damage from the pandemic. Globally, the monthly average for new investments for the first half of the year was down almost half on the monthly average for the whole of 2019, the largest decline on record, the United Nations's Conference on Trade and...
China's foreign ministry said the country will take necessary measures to uphold its sovereignty and security interests, after the United States approved a further $2.4 billion in potential arms sales to Taiwan.
WASHINGTON-- China accelerated purchases of U.S. farm products last month, new data shows, but overall it remains far behind on a commitment to buy about $140 billion in U.S. goods this year under the bilateral trade accord signed Jan. 15.. As of Sep. 30, China had purchased $58.8 billion in goods covered by the agreement, according to calculations from Chad Bown of the Peterson Institute for International Economics based on Commerce Department figures released Monday.
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