Chinese property developer Greenland Holdings plans to extend the repayment of $488 million offshore bond maturing in June by one year, it told bondholders on Friday, according to people who attended an investor call on the day.
THE WIRE – Up-to-the-minute news updates walk you through every trading day!Some Chinese carriers are expected to add more international flights, after the State Council vowed to increase international passenger….
THE WIRE – Up-to-the-minute news updates walk you through every trading day!Embattled property developer China Evergrande Group is considering repaying offshore bondholders owed around $19 billion with cash instalments and equity….
Chinese electric vehicle maker Li Auto is reportedly lowering its sales target for this year amid China’s Covid-19 outbreaks and slowing economy.
China’s iron ore and other ferrous commodity futures rallied on Friday on expectation of more policy easing. The most-traded iron ore futures contract on the Dalian Commodity Exchange, for September delivery, surges by more than 5% to hit 869.5 yuan per tonne before closing the morning session on Friday at 864 yuan per tonne.
Electricity consumption by companies in Shanghai has been rising recently amid business resumption, according to China’s state broadcaster CCTV, citing the State Grid Shanghai Municipal Electric Power Company.
China’s search engine giant Baidu’s quarterly revenue beat expectations as COVID-19 outbreaks in China and epidemic control measures boosted demand for its cloud and artificial intelligence (AI) products.
China’s treasury futures surged to the highest level in more than one month on Thursday on expectation of more policy easing to boost the slowing economy.
Hong Kong stocks closed down on Thursday, with the benchmark Hang Seng Index down 0.24%, the Hang Seng China Enterprises Index down 0.31% and the Hang Seng Tech Index down 0.24%.
China’s Ganfeng Lithium Group said it is building a new lithium compound plant with annual capacity of 50,000 tonnes, on top of its current output of 124,000 tonnes, to meet surging demand for the key material for electric vehicle batteries.
China will offer subsidies to Chinese airlines to help the industry weather the pandemic-induced downturn and high oil prices.
Daily container throughout in the Port of Shanghai, the world’s largest port by container handling, has recovered to 95.3% of the normal level, said the Ministry of Transport.
THE WIRE – Up-to-the-minute news updates walk you through every trading day!Shares of Chinese heavy machinery manufacturers and construction companies stage a strong rally on Thursday after the authority pledged….
China’s treasury futures open higher on expectation of more policy easing. The most-traded 10-year government bond futures jumps 0.21% to hit 101.355, the 5-year and 2-year treasury futures trading 0.13% and 0.06% higher.
THE WIRE – Up-to-the-minute news updates walk you through every trading day!The People’s Bank of China cut the yuan’s fixing by 216 pips to 6.6766 per US dollar on Thursday,….
THE WIRE – Up-to-the-minute news updates walk you through every trading day!The negotiations of Sino-US audit regulation were largely running smoothly and the two sides are committed to reach an….
Shares of Chinese port operators and shipping companies are trading higher, with indexes tracking the two sectors compiled by Wind Information surging by 4.2% and 2.2%, respectively, making them among the best-performing sectors in the A-share market, compared to 0.1% gain for the benchmark Shanghai Composite Index.
Mobile phone shipments in China tumbled 34.2% in April from a year earlier to 18.08 million units, according to the China Academy of Information and Communications Technology (CAICT) under the Ministry of Industry and Information Technology.
Shopping malls and department stores in China’s financial and commercial hub of Shanghai are scheduled to resume on-site operations from June 1, said the local commerce authority.
Retail sales of passenger vehicle in China are estimated at about 1.32 million units in May, down 19% from a year earlier, according to preliminary estimates released by the China Passenger Car Association (CPCA) on Tuesday.
The median price of electric vehicles in China is 10% higher than that of conventional vehicles, compared with 45% to 50% premium on average in other major markets, according to the International Energy Agency (IEA).
Chinese short video-sharing platform Kuaishou reported a net loss of 3.722 billion yuan for the first quarter of the year, compared to a net loss of 5.65 billion yuan for the same period last year and a loss of 4.46 billion yuan expected by the market.
China’s Ministry of Education will continue to conduct regular inspections on online tutoring institutions and other related online platforms to reduce students’ burdens, according to a statement released by the ministry on Tuesday.
China’s Great Wall Motor is surging more than 9% in Hong Kong after China’s State Council announced measures to boost economic growth, including lowering car purchase taxes.
Shares of Chinese auto parts suppliers and automakers stage a strong rally on Tuesday, with the two indexes tracking the two sectors compiled by Wind Information gaining 4.4% and 1.7%, respectively, making them the best-performing sectors in the A-share market so far, compared to 0.04% gain for the benchmark Shanghai Composite Index.
THE WIRE – Up-to-the-minute news updates walk you through every trading day!The PBOC raised the yuan’s fixing by 190 pips to 6.6566 per US dollar on Tuesday, compared to a….
Chinese electric vehicle maker Xpeng Motors reported a revenue of 7.45 billion yuan for the first quarter of the year, surging 152.6% from 2.95 billion yuan in the same period last year, compared to market expectations of 7.37 billion yuan.
The onshore yuan strengthens by more than 400 pips from intraday low to hit 6.6501 per US dollar. The offshore yuan strengthens by more than 300 pips to approach 6.66 per dollar mark.
THE WIRE – Up-to-the-minute news updates walk you through every trading day!China’s capital city of Beijing is considering relaxing its quarantine requirements for international arrivals to a 7+7 policy, which….
The US Securities and Exchange Commission (SEC) added another eight Chinese companies to its list of entities facing possible expulsion from American exchanges.
