Russia’s Rosatom says planning to sell renminbi bonds in China

Stay informed with free updates Simply sign up to the Russian business & finance myFT Digest — delivered directly to your inbox. Russian state-owned nuclear monopoly Rosatom is preparing to raise funds on the Chinese bond market, underscoring Moscow’s growing reliance on Beijing as ties between the two countries deepen. Confirmation of the plans by a Rosatom representative came after the Financial Times reported on Sunday that China was preparing to reopen its domestic bond market to Russian energy companies. Rosatom, which builds nuclear power plants and exports enriched uranium,…

Russia’s Rosatom prepares sale of renminbi bonds in China

Stay informed with free updates Simply sign up to the Russian business & finance myFT Digest — delivered directly to your inbox. Russian state-owned nuclear monopoly Rosatom is preparing to raise funds on the Chinese bond market, underscoring Moscow’s growing reliance on Beijing as ties between the two countries deepen. Confirmation of the plans by a Rosatom representative came after the Financial Times reported on Sunday that China was preparing to reopen its domestic bond market to Russian energy companies. Rosatom, which builds nuclear power plants and exports enriched uranium,…

Beijing deals with a gathering of strongmen

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A few weeks ago, while riding my bicycle to work in Beijing, I noticed small tents springing up on the city’s overpasses and pedestrian bridges, like a kind of camouflage fungal outgrowth.  These tents belonged not to a troop of scouts lost in the concrete jungle of Beijing’s vast system of ring roads, but to China’s paramilitary police.  The appearance of the guards, who keep a 24-hour vigil to prevent…

EU weighs sanctions on China for Russian energy imports

Stay informed with free updates Simply sign up to the Energy sector myFT Digest — delivered directly to your inbox. EU officials are discussing potential sanctions against China and other third countries for purchasing Russian oil and gas, in response to growing US appetite to curb Moscow’s ability to fund its war against Ukraine. US President Donald Trump has said he is open to new measures targeting Russia in conjunction with the EU, after previous efforts to force President Vladimir Putin into peace talks failed. EU officials and diplomats began…

China paves way for renminbi fundraising by Russian energy giants

Stay informed with free updates Simply sign up to the Chinese politics & policy myFT Digest — delivered directly to your inbox. China is preparing to reopen its domestic bond market to major Russian energy companies, in a shift of policy that reflects deepening diplomatic and economic ties between Beijing and Moscow. Two people familiar with the matter said senior Chinese financial regulators told top Russian energy executives at a late August meeting in China’s southern city of Guangzhou that they would support their companies’ plans to sell renminbi “panda…

Wakuku vs Labubu: Miniso challenges Pop Mart for collectible toy supremacy

Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. China’s low-cost retailer Miniso has released its own collectible toys to compete with Pop Mart’s spiky-toothed doll Labubu, as a wave of Chinese companies rush to develop their own brands. The company, which produces a range of items including plush toys and homewares, recently unveiled a strategy to develop its own characters and said it had hired nine artists to produce designs. Miniso’s move into original intellectual property…

China launches corruption probe into former securities regulator chair

Stay informed with free updates Simply sign up to the Chinese politics & policy myFT Digest — delivered directly to your inbox. China’s anti-graft watchdog has launched an investigation into the former chair of the country’s securities regulator, the latest official to be swept up in President Xi Jinping’s corruption campaign.  Yi Huiman was ousted from his post as chair and party secretary of the China Securities Regulatory Commission last year amid a steep drawdown in the domestic stock market. Before leading the CSRC, Yi was chair of the state-owned…

How Tokyo became an unexpected haven for China’s middle class

Placing her teacup on the lacquered table, a chic Tokyo-ite turns towards the café’s open window to absorb the beauty of a July day in the Japanese capital. Outside, the leaves on the avenue of ginkgo trees are a rich summer green; the early afternoon sun thrums down on Ueno Park. Crowds wander towards the country’s oldest national museum. “I so, so love this city. But, over the past few months, I have started to change the route I take when walking through my neighbourhood,” she confesses. “I use smaller…