-- Overseas visitor payment transactions in China jumped 45% year on year during the five-day May Day holiday, with total value rising 37%, according to the People's Bank of China.
Foreign nationals' border crossings reached 1.3 million, up 13%. This included 436,000 visa-free entries, a 15% increase.
China UnionPay and NetsUnion processed 28.9 billion transactions totaling 7.85 trillion yuan, respectively rising 23% and 2.7%.
Hebei Changshan Biochemical Pharmaceutical (SHE:300255) obtained a pharmaceutical registration certificate from Belarus' drug regulator for its dalteparin sodium injection, according to a Thursday disclosure on the Shenzhen bourse.The drug is used to treat acute deep vein thrombosis and unstable coronary artery diseases.
Taiwan's National Science and Technology Council will evaluate the expansion proposal for Taoyuan's Longtan Science, Taiwan News reported Thursday, citing a park bureau official.The proposal will be adjusted based on the review before being sent to the Cabinet for approval by July, with construction targeted for late 2029, the report quotedHsinchu Science Park Bureau director Hu Shih-min as saying.Taiwan Semiconductor Manufacturing (TSMC) (TPE:2330) is evaluating the site for a potential advanced fab or next-generation packaging facility, Hu reportedly said.The government also plans upgrades to water, power, and infrastructure at the science park, Hu was quoted as saying.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
South Korean banks have strong credit profiles and generally steady near-term performance that will help them weather growing complexities in operating conditions, Fitch Ratings said in a recent release.The country's banks face a shifting economic environment, regulatory changes, and an active government policy agenda, especially for vulnerable sectors, Fitch said.Regulatory trends include greater requirements on household lending and policy efforts rerouting credit to the corporate sector, Fitch said.These dynamics have catalyzed strategic alignment within the sector, leading to changes in their attitude toward growth, capital, and risk-taking, the rating agency said.Major commercial banks that have varied business models and controlled risk management will be the most resilient, according to Fitch.