China Vice Premier He Lifeng urges enhanced financial support for AI and computing
Newsquawk Staff ·
China Vice Premier He Lifeng urges enhanced financial support for AI and computing.
- Chinese banks have reportedly sharply increased USD deposit rates in recent weeks, with some rates exceeding 4%, while exporters are hoarding dollar cash, according to sources
- China's CPCA reports October passenger vehicle sales of 1.65mln units, down 27.3% Y/Y
- The Japanese government reportedly begins discussions on a subsidy programme to partially cover cybersecurity costs for regional banks, with a budget expected to total several billion yen, Kyodo reports
- Market stabilisation measures are evolving into a long-term component of the country's financial governance framework, moving beyond temporary responses to short-term market volatility, according to China Securities Times
- Taiwan's national fund to activate market stabilisation measures
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