Jerry Lin
The Latest
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Chinese Firms Shift Shares to Hong Kong Amid US Delisting Concerns
A significant number of US-listed Chinese companies are transferring large portions of their shares to Hong Kong, according to data from Hong Kong Exchanges & Clearing (HKEX) reported by The Wall Street Journal. This comes as audit disputes between China and the US have intensified, raising concerns about potential delistings. 
A significant number of US-listed Chinese companies are transferring large portions of their shares to Hong Kong, according to data from Hong Kong Exchanges & Clearing (HKEX) reported by The Wall Street Journal. This comes as audit disputes between China and the US have intensified, raising concerns about potential delistings. -
Eurozone Struggles with Stagflation: Q1 GDP Growth Falls Short, Germany Lags, French Harmonized CPI Rises to 6.9%
Eurozone's Q1 GDP growth, seasonally adjusted, fell to a record low of 1.3%, marking its fourth consecutive quarterly decline, lower than the expected 1.4% and previous value of 1.8%. The quarter-on-quarter growth rate stood at a meager 0.1%, weighed down by the lingering effects of the energy crisis, high inflation, and banking crisis. 
Eurozone's Q1 GDP growth, seasonally adjusted, fell to a record low of 1.3%, marking its fourth consecutive quarterly decline, lower than the expected 1.4% and previous value of 1.8%. The quarter-on-quarter growth rate stood at a meager 0.1%, weighed down by the lingering effects of the energy crisis, high inflation, and banking crisis. -
China's Leading Banks Experience Declining Margins in Q1
Five of China's top banks reported contracting margins in the first quarter, as loan re-pricing takes its toll. Borrowers are finding it difficult to repay loans after three years of China's zero-COVID policy impacted the economy, and Beijing has pressured lenders to reduce both individual and corporate debt burdens by lowering interest rates. 
Five of China's top banks reported contracting margins in the first quarter, as loan re-pricing takes its toll. Borrowers are finding it difficult to repay loans after three years of China's zero-COVID policy impacted the economy, and Beijing has pressured lenders to reduce both individual and corporate debt burdens by lowering interest rates. -
Yuan Gains Traction in International Trade as China Builds Parallel System to US Dollar
China's yuan is steadily gaining ground in international payments, which analysts believe could establish an alternative trade system alongside the dominant US dollar. Recent data reveals that in March, more cross-border transactions with China were settled in yuan than in dollars for the first time. Argentina also announced its intention to regularly pay for Chinese goods in yuan rather than dollars. 
China's yuan is steadily gaining ground in international payments, which analysts believe could establish an alternative trade system alongside the dominant US dollar. Recent data reveals that in March, more cross-border transactions with China were settled in yuan than in dollars for the first time. Argentina also announced its intention to regularly pay for Chinese goods in yuan rather than dollars. -
First Republic Bank Struggles Amid Market Value Collapse and Limited Options
First Republic Bank's (FRC.N) market value plummeted once more on Wednesday, with investors eagerly anticipating the bank's next move to potentially sell assets and orchestrate a turnaround without government aid. 
First Republic Bank's (FRC.N) market value plummeted once more on Wednesday, with investors eagerly anticipating the bank's next move to potentially sell assets and orchestrate a turnaround without government aid. -
Bitcoin Approaching $30K as Cardano Leads Major Crypto Gains Amid Banking Concerns
Bitcoin (BTC) reached $29,000 during European morning hours on Wednesday, with some investors attributing the rise to expectations of the Federal Reserve injecting funds into the economy following signs of another potential U.S. bank collapse. The last time Bitcoin hit this level was on April 20, according to TradingView data. 
Bitcoin (BTC) reached $29,000 during European morning hours on Wednesday, with some investors attributing the rise to expectations of the Federal Reserve injecting funds into the economy following signs of another potential U.S. bank collapse. The last time Bitcoin hit this level was on April 20, according to TradingView data. -
Yuan Surpasses Dollar as Dominant Currency in China's Cross-Border Transactions
In a significant development, the yuan has overtaken the dollar as the most widely-used currency for cross-border transactions in China as of March, according to official data. This milestone reflects Beijing's ongoing efforts to boost the international use of the yuan. 
In a significant development, the yuan has overtaken the dollar as the most widely-used currency for cross-border transactions in China as of March, according to official data. This milestone reflects Beijing's ongoing efforts to boost the international use of the yuan. -
BYD Slashes Seagull Electric Hatchback's Starting Price by 6.3%
Chinese electric vehicle manufacturer BYD (002594.SZ) has reduced the starting price of its Seagull hatchback by 6.3%, now starting at 73,800 yuan ($10,658.89), as displayed on the company's website. The vehicle received considerable attention at the Shanghai auto show, where it was initially advertised at 78,800 yuan - half the cost of the most affordable new energy vehicles on the market. 
Chinese electric vehicle manufacturer BYD (002594.SZ) has reduced the starting price of its Seagull hatchback by 6.3%, now starting at 73,800 yuan ($10,658.89), as displayed on the company's website. The vehicle received considerable attention at the Shanghai auto show, where it was initially advertised at 78,800 yuan - half the cost of the most affordable new energy vehicles on the market. -
JPMorgan Granted Temporary Permission to Process Payments for Russian Agricultural Bank
The United States has permitted JPMorgan Chase & Co to process payments for the Russian Agricultural Bank, according to a Russian source who spoke to Reuters. However, the temporary arrangement is not a suitable alternative to reconnecting the bank to the SWIFT payment system. 
The United States has permitted JPMorgan Chase & Co to process payments for the Russian Agricultural Bank, according to a Russian source who spoke to Reuters. However, the temporary arrangement is not a suitable alternative to reconnecting the bank to the SWIFT payment system. -
AI and Crypto Fusion: Investors Seek Promising Projects in a New Asset Class
The convergence of artificial intelligence (AI) and cryptocurrencies has given rise to a new category of crypto tokens, generating billions of dollars in trading. The emergence of AI-driven platforms such as ChatGPT and Bard has brought attention to tokens associated with AI blockchain initiatives. 
The convergence of artificial intelligence (AI) and cryptocurrencies has given rise to a new category of crypto tokens, generating billions of dollars in trading. The emergence of AI-driven platforms such as ChatGPT and Bard has brought attention to tokens associated with AI blockchain initiatives.
