BAIC Motor Warns of Up to ¥1.65 Billion First-Half Loss as China Luxury Price War Deepens BAIC Motor expects a net loss of up to 1.65 billion yuan for the …
yuan
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Business
CXMT IPO Raises 57.9 Billion Yuan in Record Shanghai STAR Market Debut
by Sato Asahiby Sato AsahiCXMT IPO Raises 57.9 Billion Yuan in Asia’s Largest Tech Listing as DRAM Maker Debuts on STAR Market CXMT IPO raised 57.9 billion yuan on July 27, 2026, as the …
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Business
China Resources New Energy Attracts 6.4 Trillion Yuan Bids Before Shenzhen IPO
by Sato Asahiby Sato AsahiChina Resources New Energy IPO Draws 6.4 Trillion Yuan in Record Subscription Ahead of Shenzhen Listing China Resources New Energy IPO drew 6.4 trillion yuan in bids, signaling strong investor …
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Business
GAC loses 8,300 yuan per EV sale amid fierce BYD and Geely competition
by Sato Asahiby Sato AsahiGAC Electric Vehicles Report Deep Losses as Price War with BYD and Geely Intensifies GAC electric vehicles have suffered significant losses amid a fierce price war with rivals BYD and …
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Business
China’s SWIFT alternative drives surge in yuan payments for Russia and Iran
by Sato Asahiby Sato AsahiYuan payments surge as China’s CIPS expands, reshaping oil and sanctions-era trade Yuan payments are rising rapidly as China’s Cross-Border Interbank Payment System (CIPS) expands, enabling Iran, Russia and other …