Chinese Premier Li says in meeting with German Chancellor Merz that China is willing to bolster dialogue, communication and mutual trust
Chinese Premier Li's comments about fostering dialogue and mutual trust with Germany signal a potential thaw in relations, which could have positive implications for trade between the two nations.
Shanghai City relaxes home buying rules for non-residents effective on Thursday and will exempt property tax for certain home buyers
Hong Kong government is to raise property stamp duty to 6.5% from 4.5% for homes valued above HKD 100mln
Chinese Premier Li says in meeting with German Chancellor Merz that China is willing to bolster dialogue, communication and mutual trust
PBoC auctions 3-month and 1-year yuan bills in Hong Kong at 1.53% and 1.47, respectively
HSBC (5 HK) Q4 (USD) net 4.7bln (prev. 197mln), pre-tax profit 6.8bln (prev. 2.3bln), NII 9.2bln (prev. 8.2bln), FY profit after tax 23.1bln (prev. 25.0bln Y/Y), rev. rose 4% Y/Y to 68.3bln
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This move is particularly relevant given recent global supply chain challenges and could ease tensions, impacting asset prices like commodities and currencies related to China and Germany. Traders should watch for subsequent developments that might indicate a more substantive shift in trade policies or economic cooperation.
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