BOJ likely to warn of hit from Asia bottlenecks on exports, output

The Bank of Japan is expected to offer a slightly bleaker view on exports and output this month, or warn of heightening risks from supply disruptions caused by factory shutdowns in Southeast Asia, said sources familiar with its thinking. The gloomier assessment, combined with weaker-than-expected consumption in August due to coronavirus curbs, could cast doubt […]

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China tells delivery, ride-hailing firms to better protect workers

Chinese government officials, in the latest show of regulatory vigour, told leading delivery and ride-hailing companies on Friday to improve how they distributed incomes and ensure rest periods for workers. The officials delivered that message during a meeting with ten companies, including Meituan (3690.HK), Didi Global (DIDI.N), Alibaba Group’s (9988.HK) Ele.me and Tencent Holdings (0700.HK), […]

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China launches wealth management product pilots for retirement in four cities

China’s banking and insurance regulator said on Friday it will launch wealth management product pilots in four cities aimed at retail investors looking to boost their retirement savings. The products will be sold by wealth management units of the Industrial and Commercial Bank of China (601398.SS), China Construction Bank (601939.SS), China Merchants Bank (600036.SS) and […]

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Chinese firms with offshore structure to need approval for Hong Kong IPOs

China’s securities regulator is looking to expand its scrutiny of overseas listings by offshore incorporated companies to include initial public offerings (IPO) in Hong Kong, five people with knowledge of the matter said. The China Securities Regulatory Commission (CSRC) has already been setting up a team to focus on companies seeking to list offshore using […]

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Chip shortage pushes Reliance, Google to delay India smartphone launch

Indian conglomerate Reliance Industries (RELI.NS) delayed the launch of a low-cost smartphone it is developing with Google (GOOGL.O) to November, citing an industry-wide semiconductor shortage. The “ultra-affordable” smartphone, developed jointly by Reliance’s telecom arm and Google, was set to be rolled out from Sept. 10. Companies globally are tackling a massive semiconductor shortage as the […]

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