Expert Labels New US Tariffs on China as Symbolic Gesture
He Zhiguo, professor at Stanford University, views new US tariffs on Chinese exports as symbolic, cautioning potential financial market volatility in China after the Spring Festival.
Financial Markets
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Stanford Professor He Zhiguo Calls New US Tariffs on China a Symbolic Move
Stanford Professor He Zhiguo describes the Trump administration’s new 10% tariffs on Chinese exports as a symbolic gesture with minimal impact on prices, cautioning about potential market volatility after Spring Festival.
Gold Prices Soar to Record High Amid Impending US Tariffs on the Chinese mainland, Mexico, and Canada
Gold prices surpassed $2,800 per ounce for the first time as investors seek safe-haven assets ahead of US President Donald Trump’s impending tariffs on the Chinese mainland, Mexico, and Canada.
Argentina’s Economy Poised for 5% Growth as Risk Index Hits Seven-Year Low
Argentina’s economy is set to grow by around five percent this year, as the country’s risk index reaches a seven-year low and financial markets respond positively to President Javier Milei’s reforms.
Cross-boundary Wealth Management Connect Upgraded in Greater Bay Area
An upgraded Cross-boundary Wealth Management Connect Pilot Scheme now allows residents of the Chinese mainland, Hong Kong, and Macao to access each other’s financial products in the Greater Bay Area.
UBS Reports China’s GDP Outperforms Expectations in First Three Quarters
UBS reports that China’s GDP performance exceeded expectations in the first three quarters, expressing optimism despite industry challenges.
ANZ Economist Richard Yetsenga: China’s Economic Outlook Remains Strong
ANZ’s Chief Economist Richard Yetsenga shares his positive outlook on China’s economy, forecasting a 4.9% growth in 2024 and highlighting the potential of the country’s capital markets.
ECB Lowers Key Interest Rates by 25 Basis Points Amid Economic Uncertainty
The European Central Bank has announced a 25 basis point cut to three key interest rates, aiming to stimulate economic growth amid uncertainty. The changes will take effect from October 23.
Fed’s Unexpected Rate Cut Sparks Global Economic Ripples
The U.S. Federal Reserve’s unexpected 50 basis point rate cut aims to avert an economic slowdown but is causing significant effects on global markets, currencies, and economies, including China.
U.S. National Debt Surpasses $35 Trillion Mark
America’s national debt has exceeded $35 trillion, marking a historic milestone with significant global economic implications.
Mainland-Hong Kong Stock Connect Expands ETF Offerings, Enhancing Global Market Access
The Mainland-Hong Kong Stock Connect program’s expansion to include more ETFs enhances market access and efficiency, benefiting investors and signaling China’s commitment to financial openness.
China’s STAR Market Overcomes Early Challenges to Shine in Global Finance
China’s STAR Market on the Shanghai Stock Exchange overcomes early challenges, achieving significant growth and becoming a vital platform for innovation and fundraising in China’s financial sector.
South Korea Extends Short-Selling Ban Through March 2025
South Korea extends its ban on short-selling until March 2025, intensifying efforts to curb illegal trading practices and enhance market stability, impacting both domestic and foreign investors.
China to Issue Ultra-Long Special Treasury Bonds from 2024
China announces plans to issue ultra-long special treasury bonds starting in 2024, aiming to boost economic growth and fund long-term projects. This move marks a significant step in China’s financial strategy.