BEIJING (Reuters) – China published regulations on Sunday for the country’s $2.9 trillion private investment fund sector, seeking to better protect investors and promote innovation. The new rules, signed by Premier Li Qiang and effective on Sept. 1, create a chapter specifically for venture capital funds, as policymakers encourage investment into innovative technology start-ups, said…
By Andrea Shalal BEIJING (Reuters) – The United States has repeatedly referred to a senior Chinese central banker as the head or acting head of the People’s Bank of China (PBOC) in recent days, appearing to confirm his expected elevation to the top post. Treasury Secretary Janet Yellen referred to PBOC Deputy Governor Pan Gongsheng,…
(Reuters) – U.S. Treasury Secretary Janet Yellen said on Sunday she believes China and the U.S. have made some progress and can have a healthy relationship, following 10 hours of bilateral meetings with senior Chinese officials in Beijing. Yellen’s trip was the latest in efforts to stabilize tense relations and prevent conflict between the world’s…
TAIPEI (Reuters) – Paraguay’s president-elect, Santiago Pena, will visit Taiwan this week and meet “great friend” President Tsai Ing-wen, he said on Sunday, shoring up a relationship at a time China is working to entice the island’s dwindling allies. Paraguay is the last South American country with formal relations with Taiwan. The island, claimed by…
By Mathieu Rosemain AIX-EN-PROVENCE, France (Reuters) – A “Chinese storm” is looming over Europe’s growing electric vehicle (EV) sector, Renault Chairman Jean-Dominique Senard told Reuters on Saturday, as Asia’s superpower dominates key raw materials to make batteries for zero emission cars. China’s recent decision to restrict exports of two metals – gallium and germanium –…
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) – Russian Defence Minister Sergei Shoigu has inspected troops and overseen training of newly formed units made up of contracted servicemen, his ministry said on Saturday. The ministry released video footage on its Telegram channel showing…
By Tim Kelly and Irene Wang TOKYO (Reuters) – Japan on Saturday marked one year since former prime minister Shinzo Abe was gunned down during an election speech by a man angry at his links to the Unification Church. The death of Japan’s longest serving prime minister, which was caught on video, rattled a nation…
By Andrea Shalal and Yew Lun Tian BEIJING (Reuters) – U.S. Treasury Secretary Janet Yellen, a trailblazer in the field of economics, met with six female economists in Beijing on Saturday, an effort to spotlight gender diversity following meetings with China’s largely male government leaders. Yellen, the first woman to head the U.S. Treasury, has…
SEOUL (Reuters) -The first meeting of the Nuclear Consultative Group (NCG) between South Korea and the United States will take place on July 18 in Seoul, South Korea’s presidential office said on Saturday. The meeting will discuss “information sharing, consultation mechanism and joint planning and execution designed to bolster nuclear deterrence against North Korea.” The…
SHANGHAI (Reuters) – The China Association of Auto Manufacturers (CAAM), citing antitrust law, on Saturday retracted a pledge to avoid “abnormal pricing” made two days earlier by 16 automakers, including Tesla.. Thursday’s CAAM-organised pledge by the companies, including Chinese electric vehicle (EV) makers Nio, Li Auto and Xpeng, had been interpreted by some as signalling…
