CNBC’s The China Connection newsletter: Rumblings of a crypto race
Bitcoin, ethereum and the stablecoin USDT are promoted at a cryptocurrency store in Hong Kong on July 29, 2025.
Peter Parks | Afp | Getty Images
This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe
In the markets
Chinese markets rose 0.46%, defying a broader regional decline as investors pulled back from AI-related stocks.
The Hang Seng Index was little changed, while the CSI 300 has gained nearly 18% so far this year.
The offshore Chinese yuan last traded at 7.1307 against the dollar.
— Lee Ying Shan
The performance of the Shanghai Composite over the past year.
Coming up
Nov. 5 – 10: China International Import Expo in Shanghai
Nov. 6 – 9: China’s “Six Little Dragons” AI startups to hold a roundtable during the World Internet Conference in Wuzhen
Nov. 7: Exports, Imports for October
Nov. 9: CPI, PPI for October
