Yunnan province, a major aluminium production hub in China, has completed the second round of production curbs on electrolytic aluminium companies in six months.
China’s capital city of Beijing will continue to implement the government subsidies for new energy vehicle purchases this year and specific policies will be announced later.
Second-hand home transactions in China’s technology hub of Shenzhen reached 1,096 units in the week of Feb 20 – 27, an increase of 24.4% from the 881 units in the previous week.
Due to the global economic slowdown and rising inflation, consumer demand has weakened, and the number of ships needed for goods transportation has decreased, both in Asia, Europe and America.Â
Tesla nearly doubled weekly retail sales in the week of Feb. 20 to 10,703 vehicles versus a week prior, according to data.
Chinese electric vehicle maker BYD Co’s sub-brand Denza raised prices of all-electric version of only model on sale, only one week after deliveries started.
The Hang Seng Indexes Company has announced the results of the latest review on the constituent stocks of the Hang Seng Indexes.
Huatai Securities believes that 29 stocks may be added to the Southbound trading of the Mainland – Hong Kong Stock Connect schemes.
Goldman Sachs forecast a stable revenue growth of 7% – 8% and an EBITDA uptick of 6% – 8% for China’s three major telecom operators – China Mobile, China Telecom and China Unicom
The Hang Seng Index fell 0.79% to close at 19,785.9, the Hang Seng China Enterprises Index down 1.33% and the Hang Seng Tech Index sliding 1.62%.
Local cosmetics retailer Sa Sa International is leading the gains with a rise of more than 4%, followed by 3.8% gain in Bosideng International Holdings and 3% rise in Chinese Estates Holdings.
Hong Kong Chief Executive John Lee said that the mask mandate for all locations will be lifted starting from March 1.
China’s civil aviation market entered a stable period in the first week after the Spring Festival travel rush, with passenger traffic steady on a week-on-week basis.
Shares of Telecom Service One Holdings surged over 12% in Hong Kong, ZTE Corporation jumping nearly 7%, while China Communication Services and Yangtze Optical Fibre and Cable up more than 2%.
Chinese short video companies are falling in Hong Kong, with Bilibili down more than 3% and Kuaishou down over 1%.
