China’s securities regulator ordered Futu Holdings and UP Fintech Holdings Ltd, which operates Tiger Brokers, to rectify their “illegal operations” and stop providing new onshore investors access to global equities.
China’s President Xi Jinping said that the road to peace talks on Ukraine would not be smooth and China would continue to uphold its “objective and fair stance” on the issue, during a video call with Russian President Vladimir Putin, according to China’s broadcaster CCTV.
Chinese electric vehicle maker Li Auto’s total car deliveries in December are expected to jump above 20,000 units, said Liu Jie, vice president for sales, …
Russian President Vladimir Putin said that Russia had become one of China’s leading suppliers of oil and gas, with 13.8 billion cubic metres of gas shipped to China via the Power of Siberia pipeline in the first 11 months of 2022.
British oil and gas company Shell’s Chinese arm bought 80% stake in BYD’s unit that operates electric vehicle charging stations.
The People’s Bank of China injects 183 billion yuan of liquidity to the banking system via 7-day reverse repo on Friday, while 2 billion yuan …
China will no longer require inbound travelers to take COVID-19 testing on arrival, taking effect from January 8, said the General Administration of Customs (GAC) on Wednesday.Â
The Covid outbreaks in the capital of Beijing has peaked, the first Chinese city to reach this point since the country dropped its zero-Covid policy.
China’s online game regulator granted publishing licenses to 84 domestic games for the month of December, according to a list released by the National Press and Publication Administration on Wednesday.
China’s Covid outbreaks are likely to cause its electric vehicle industry to lose 600,000 units of sales in the first quarter of next year amid disrupted production and lowered demand.
China’s annual coal consumption is expected to reach a peak of 4.08 billion tonnes in 2024, accounting for 50% of the country’s total primary energy mix, according to a report released by a research institute of China’s energy giant Sinopec Group.
Chinese automakers are sliding in Hong Kong, with NIO slumping nearly 10% as of 10 am local time, Xpeng Motors down more than 7%, Li Auto falling nearly 6%, Great Wall Motors down 2.2%.
Russia will only buy yuan to replenish the National Wealth Fund instead of other currencies, said Finance Minister Anton Siluanov on Tuesday.
NIO has lowered its guidance for fourth-quarter deliveries citing challenges caused by the Covid outbreak. The carmaker now expects to deliver 38,500 to 39,500 vehicles …
China’s hi-tech manufacturing hub of Dongguan has removed home purchase restrictions across the entire city, joining several tier-2 cities in easing curbs to boost the struggling housing market.
An index tracking mainland-listed real estate developers, compiled by Wind Information, is trading more than 1% higher. Property developers based in Guangdong province are outperforming, with Shenzhen Zhenye surging by the daily limit of 10% and Shenzhen Special Economic Zone Real Estate and Properties up more than 7%.
China will scrape quarantine requirement for inbound travellers starting on January 8, the National Health Commission said in a statement late on Monday. Overseas travelers …
A draft law on financial stability was submitted to the ongoing 38th session of the Standing Committee of the National People’s Congress, China’s top legislature, for deliberation on Tuesday, according to the official Xinhua News Agency.
China should accelerate efforts to achieve self-reliance in agricultural technology and focus on seed development and core equipment, President Xi Jinping said, the official Xinhua …
East China’s Zhejiang province, a major economic powerhouse neighbouring the financial hub of Shanghai, is currently seeing more than one million new daily COVID-19 cases, …
China’s military said it had conducted “strike drills” in the sea and airspace around Taiwan on Sunday in response to provocation from the island and …
China and Switzerland have achieved mutual recognition of the equivalence of auditing standards and audit oversight system, the Chinese finance ministry said Friday.
China’s retail sales of passenger vehicles are expected to reach 2.2 million units in December, rising 4.5% from a year earlier and up 33.3% from the previous month.
China’s Jiangxi province is expected to see a peak of Covid infections in early January next year, while most regions in Anhui are expected to see Covid-19 outbreaks hit a peak by the end of this month, said local authorities.
The number of domestic trips during the three-day New Year’s Day holiday is expected to jump 34% on year, according to China’s largest online travel agency Trip.com.Â
The People’s Bank of China (PBOC) injects 2 billion yuan liquidity to the banking system via 7-day reverse repo and 203 billion yuan liquidity via …
Chinese local governments are taking steps to address drug shortages, while pharmaceutical companies were working extra-time to boost supplies, according to state media.
Chinese distressed asset management companies (AMCs) have been accelerating the work to resolve the risks in the real estate sector since the start of this …
Chinese tech giant Tencent will step up its efforts in cost reduction and efficiency enhancement, said chairman Pony Ma at an internal staff meeting last Thursday, according to mainland news outlet Jiemian News.
Koolearn Technology, the online education and e-commerce unit of New Oriental Education, surged by more than 8% to hit a new record high of HK$54.7 before closing 7.35% at HK$54.05.
China’s silicon wafer prices tumbled this week, with the prices of M6 and M10 monocrystalline silicon wafer sliding 15% – 20% from previous week, according to an industry association.
China’s equity investment market, including early investment, VC investment and private equity investment, reached 725.7 billion yuan in the first three quarters of the year, slumping 33.9% from a year ago, according a research report.
The People’s Bank of China (PBOC) will maintain the Chinese yuan’s exchange rate at a reasonable and balanced level and use multiple monetary policy tools to ensure ample liquidity in the financial system.
The Hang Seng Index gained 2.7% to close at 19,679 on Thursday, the Hang Seng China Enterprises Index up 3.3% and the Hang Seng Tech …
The Shanghai Composite Index closed 0.46% down at 3,054, the Shenzhen Component Index down 0.33% and the tech-heavy Chinext Price Index down 0.36%. Education companies …
Shares of Yum China gained 3.4% to close at HK$449 in Hong Kong. BlackRock, Inc spent HK$1.304 billion bought 2.99 million shares of Yum China …
Xpeng Motors is surging 11.5%, Nio and Li Auto gaining about 5%, Leapmotor and Great Wall Motors up more than 3%. Data released by the …
The Hang Seng Tech Index jumped as much as 5% at one point before paring gains to 4.4% as of 11:04 am local time. Bilibili is jumping 11%, JD.com up 6.6%, Kuaishou, Meituan and Baidu up more than 6%, Alibaba gaining 5.2% and Tencent up over 4%.Â
Chinese property developer stage a strong rally after the PBOC and the top securities regulator reiterated support to the sector. Ronshine China is jumping 20% as of 11:11 am local time in Hong Kong Logan Group up nearly 10%, CIFI Holdings up more than 6%.
China will promote high-quality opening of the capital markets, expand the Mainland – Hong Kong Stock Connect scheme and establish a mechanism for regular cooperation on audit supervision between Chinese and US to create a more stable and more predictable environment for international regulatory cooperation, said the China Securities Regulatory Commission (CSRC).
Indebted property developer Sunac China has reached a financing agreement with China Orient Asset Management Co. Ltd, one of the country’s four state-owned national distressed asset managers, for a property project in Wuhan.
China’s retail sales of passenger cars reached 542,000 units in the week of Dec 12 – 18, rising 18% from a year earlier, up 44% …
Embattled property developer China Evergrande Group has managed to get support of numerous construction companies and construction material suppliers to protect the lawful rights and interests of its home-buyers and creditors.
China’s fiscal revenue grew by 24.6% in November from a year earlier, accelerating by 9 percentage points from the previous month, improving for the fourth consecutive month.
China’s postal parcel collection volume declined by 13.3% on December 12 from the previous day, while parcel delivery volume dropped by 1.2%.
Several regions in China have allowed people infected with Covid-19 but having no or mild symptoms to go back to office.
China’s mainstream mortgage rate for first-home buyers is 4.09% on average in December, unchanged from the previous month, remaining the lowest on record, according to a private research.
The city of Zhengzhou, capital of Central China’s Henan province, has raised 13 billion yuan to ensure property delivery, said the city’s vice mayor.
Tencent Holdings has acquired a 20% stake in a South Korean video gaming studio amid its overseas expansion, according to South Korean media Money Today Network.
The Hang Seng Index fell 1.3% to close at 19,094, the Hang Seng China Enterprises Index down 2% and the Hang Seng Tech Index tumbled by 3.1%.
In the A-share market, the Shanghai Composite Index fell 1.07% to close at 3,073, the Shenzhen Component Index sliding 1.6% and the tech-heavy Chinext Price Index down 1.5%.
The World Bank has cut its China growth outlook for this year and next, citing the impact of the abrupt relaxation of COVID-19 restrictions and persistent stress in the real estate sector.
Hong Kong on Tuesday further relaxed Covid restrictions and people will no longer need to show a negative test result to get into bars and restaurants, the health authority said at a press conference.Â
Online travel agency Trip.com posted stable earnings for the third quarter and in the fourth quarter, it’s expected to record a 29% drop in net revenue said the BofA Securities in a note.
Shares of Chinese property developers see a sell-off on Tutesday, with an index tracking the sector compiled by Wind Information, closed down 3.2%, making it one of the worst-performing sectors in the A-share market.
Tianqi Lithium slid as much as 5.8% in Hong Kong, before paring loss to 4.6%, while its Shenzhen-traded shares are sliding nearly 4% down.
Shares of SF Holdings down 2.2% in Shenzhen, Deppon Logistics down 1.9%, YTO Express down 1.4%, Yunda down more than 1%.
