Goldman Sachs

New Business

China’s consumption stimulus debate reignites with no clear answer

After casino hub Macau unveiled fresh cash handouts of 10,000 patacas (US$1,247) to each of its permanent residents to boost…

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New Business

China’s yuan volatility rising on interest rates, US presidential election: Goldman

The volatility of the Chinese yuan’s exchange rate with the US dollar is set to rise in the near term…

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New Business

Why China’s risky bond rally has put PBOC on the offensive to optimise yields

The rate continued to fall, dipping below 2.1 per cent this month before PBOC intervention sent it back up to…

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New Business

Stock market sell-off raises concerns for China’s exports amid US recession fears

Warning signs are flickering for China’s economy – of which the export sector has been a major growth engine in…

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New Business

Apple, Nvidia lead sell-off as stock markets plunge on US recession fears

US stock futures sunk as investors’ concerns deepened over a slowing US economy and an overheated rally in the tech…

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Tech

Chinese wealth management unicorn Lufax on path to biggest US listing by Chinese issuer this year, targets US$2.4 billion IPO

Chinese wealth management unicorn Lufax Holding is selling American depositary shares (ADSs) in an initial public offering (IPO) on the…

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Tech

ByteDance-owned Douyin said to miss first-half e-commerce sales goal amid weak consumption

ByteDance-owned Douyin, the Chinese version of global hit short video platform TikTok, missed its target gross merchandise value (GMV) in…

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New Business

China’s housing sector could be mired in a slump despite possible rescue measures: analysts

More measures to revive China’s property sector and the economy are likely at this month’s Politburo meeting, after the third…

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New Business

What do investment banks think of the Chinese Communist Party’s long-overdue third plenum?

One bright spot of the plenum was the government’s specific reference to China’s 2024 economic growth target, pegged at about…

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New Business

Hong Kong stocks slide after China’s third plenum underwhelms, geopolitical angst weighs

Hong Kong stocks tumbled on Friday after investors were underwhelmed by China’s third plenum announcement, with eyes now on further…

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