The tax will be levied on the difference between the cost of the acquisition of the asset and the transfer price to the employee, the report said

IPO proceeds in the Asia Pacific this year up to June 14 were down 26% from last year, while the count was 31% less than 2021, while global listings are less than half of last year

The dollar index, which measures the currency against the yen, euro and four other peers, was flat at 104.70, below the 105.79 high from Wednesday, a level not seen since late 2002.

Beijing keeps the one-year loan prime rate (LPR) at 3.70%, while the five-year LPR was unchanged at 4.45%

CBDCs such as China's digital yuan (e-CNY) are centralised by design and don't need a decentralised ledger, such as in the case of bitcoin

The biggest cryptocurrency is down about 32% over the past month and almost 60% this year

Hong Kong Monetary Authority buys HK$12.819 billion ($1.63 billion) from the market during trading hours in New York to stop the currency from breaking its peg to US dollar

Hong Kong Exchanges and Clearing Ltd (HKEX) is weighing opening global offices to woo companies and investors in Europe and North America

Honda, like rival Toyota, has been slow to shift to EVs and is under pressure from investors to make cars that are carbon-free and equipped with self-driving technology

The Chinese sales contributed to a drop in overall foreign holdings of Treasuries in April that helped propel yields higher

At least two-thirds of applications to reimburse US carriers for the 'rip and replace' of China telecom equipment deemed national security threats are deficient, the FCC has told Congress

TotalEnergies will acquire a 25% stake in Adani New Industries, the clean energy subsidiary of Adani Enterprises, to jointly develop the world's largest green hydrogen ecosystem