PBOC cut RRR by 25 bp to release 500 billion yuan funding
>>>
MUCH MORE & FASTER UPDATES IN MEMBER-ONLY WIRE SERVICES.
Latest News
Updated: Six large state banks agreed to provide more than one trillion yuan of credit lines to property developers
>>>
Chinese property developers stage a strong rally as market sentiment improves amid stepped-up financial support
>>>
Foxconn apologized for “technical error” in Zhengzhou plant recruitment after worker protest
>>>
Goldman Sachs upgraded Country Garden to Neutral from sell, raised target price
>>>
Sino-Synergy Hydrogen Energy Technology applied from Hong Kong IPO
>>>
China Bond Insurance to provide credit enhancement for three private-run developers’ bonds
>>>
US extends tariff exemptions on Chinese medical products for 90 days
>>>
China’s economy expected to grow 4.5% in 2023, 5.5% in 2024 – Goldman Sachs economist
>>>
China’s SOEs continue to rally after authority vowed to build “capital market with Chinese characteristics”
>>>
Chinese cities including Beijing, Shanghai tighten Covid control measures
>>>
Localities accounting for 19.9% of China’s GDP under some forms of Covid lockdown, curbs – research
>>>
JD.com to cut senior managers’ salary by up to 20% to improve frontline employees’ benefits
>>>
US, Europe could cut dependence on China for EV batteries through $160 bn capital spending by 2030 – research
>>>
Property developer China Aoyuan in talks to restructure 11.6 bn yuan onshore debt – report
>>>
China to continue to crack down on extra layers of Covid restrictions by local governments – national health authority
>>>
China has resolved problem of game addiction among youth – report
>>>
Berkshire Hathaway sold more BYD’s Hong Kong shares
>>>
Baidu Q3 revenue beat expectations, Baidu Core posted strong growth
>>>
China’s installed power capacity rose 8.3% on year by Oct end, power investment jumped 27% in Jan – Oct
>>>
Volkswagen expects sales in China to stagnate at 3.3 mln in 2022
>>>
China to unswervingly expand financial opening-up – official
>>>
BYD reportedly plans to mass produce sodium-ion batteries in Q2 2023
>>>
China’s WM Motor said to cut salaries, shelf benefits amid sluggish sales
>>>
Several luxury car brands in China start offering discounts of up to 20% in price guides
>>>
Wuhan city takes back 11 land plots from embattled China Evergrande Group
>>>>
Chinese video streaming platform iQiyi hails ‘Iconic Turnaround’, losses narrowed in third quarter
>>>
Chinese stock exchanges vow to strict vet Covid testing firms’ IPO application amid public concerns
>>>
Chinese property developers trade higher on PBOC plan to issue another 200 bn yuan special loans to ensure property delivery
>>>
Mainstream home mortgage rates in China’s major cities hit new record lows in Nov – research
>>>
China’s capital Beijing faces most complex, severe Covid outbreaks since pandemic started – local government
>>>
PBOC, banking regulator urge banks to step up financial support for stabilizing economy, to issue another 200 bn yuan special loans for ensuring property delivery
>>>
Xpeng Motors set up subsidiary with 5 bn yuan registered capital, business scope includes battery manufacturing
>>>
China to set up financial pilot zones for technological innovation in five cities in Yangtze River Delta Region
>>>
China to cut retail prices of gasoline, diesel from Tue
>>>
Nomura cut target price on NetEase to HK$153 from HK$195, rate unchanged at Buy
>>>
Canada’s Manulife Financial won regulatory approval to take full controls of funds JV in China
>>>
China’s catering, tourism stocks tumble amid rising Covid concerns
>>>
BYD received 64 electric bus orders from largest bus operator in Nordic Nobina
>>>
Shijiazhuang city to conduct five-day population-wide Covid test after relaxation last week
>>>
PBOC unveils cash management rules for overseas institutional investors to China’s bond market
>>>
Battery maker Svolt Energy filed for Star Market IPO
>>>
China is open to a meeting with US defence secretary – China’s defence ministry
>>>
China’s Gotion, Vietnam’s Vingroup start building LFP battery plant in Vietnam
>>>
China’s industry, market regulators pledge to crack down on hoarding, price gouging in lithium industry
>>>
Chinese President Xi Jinping had brief meeting with US Vice President Kamala Harris
>>>
NDRC officials met delegation of US companies including ExxonMobile, Boeing
>>>
China should not miss opportunity to deeply explore value in computer game industry – People’s Daily
>>>
Chinese President Xi met Japanese Prime Minister for first time
>>>
China’s passenger car retail sales fell 12% on year in second week of Nov – industry body
>>>