THE WIRE – Up-to-the-minute news updates walk you through every trading day!Koolearn Technology, the online education and e-commerce unit of New Oriental Education surged by as much as 17% to….
THE WIRE – Up-to-the-minute news updates walk you through every trading day!China’s live hog prices jumped on June 27 – 28, with the average prices in South China’s Guangdong province….
THE WIRE – Up-to-the-minute news updates walk you through every trading day!China Evergrande New Energy Vehicle, a unit of embattled property developer China Evergrande Group is set to start pre-sale….
THE WIRE – Up-to-the-minute news updates walk you through every trading day!”Some real estate developers have announced fancy ways to boost home sales, with promotions such as swapping melons and….
THE WIRE – Up-to-the-minute news updates walk you through every trading day!Shares of Chinese TV and film production companies trade higher on Thursday, with an index tracking the sector compiled….
Shares of airport operators and airlines are surging after China further relaxed travel restrictions.
Chinese AI giant SenseTime Group Inc. tumbled by as much as 51% in Hong Kong on Thursday, after a lock-up of its shares expired following its initial public offering.
Chinese tourism companies and catering companies continue to rally on Thursday after China suspended marking cities with Covid infections in its tracking system and relaxed quarantine rules for overseas arrivals and close contacts of Covid cases, which are expected to boost travel demand.
China’s official non-manufacturing PMI for June comes in at 54.7, picking up sharply from 47.8 in the previous month, returning to expansionary territory after three-month contraction, according to the National Bureau o Statistics.
Hong Kong stocks open lower on Thursday, with the benchmark Hang Seng Index down 0.36% at 2,1917, the Hang Seng China Enterprises Index down 0.5% and the Hang Seng Tech Index down 0.69%.
Tianqi Lithium opens its retail books on Thurday in a share offering that could raise up to US$2 billion, which would be the biggest initial public offering in Hong Kong this year.
S&P Global Ratings raised Chinese state-backed real estate developer Greenland Holdings Corp Ltd’s rating by one notch to “CCC”, after the company completed a one-year maturity extension on $500 million in senior unsecured notes.
China’s Foreign Ministry said on Wednesday that it has lodged stern representations with the US after the latter blacklisted five Chinese companies for allegedly supporting Russia military and defense industrial base.
Retail sales of passenger vehicles in China reached 1.42 million units in the period of June 1 – 26, rising 27% from a year earlier and surging 37% from the same period in the previous month, said the China Passenger Car Association.
China’s logistics platform Full Truck Alliance Co said that new user registration on its apps Yunmanman and Huochebang would resume with immediate effect.
Chinese lithium battery make Sunwoda Electronic Co Ltd plans to issue Global Depository Receipts (GDRs) and have them listed on the SIX Swiss Exchange/London Stock Exchange, he company said.
China has not provided military assistance to parties involved in the Russia-Ukraine conflict and will firmly oppose unilateral sanctions on Chinese companies imposed by the US, the Chinese Embassy in the US said.
The US President Joe Biden’s administration added five companies in China to a trade blacklist for allegedly supporting Russia’s military and defense industrial base.
Hong Kong stocks open higher on Wednesday, with the benchmark Hang Seng Index sliding 1.3%, the Hang Seng China Enterprises Index down 1.9% and the Hang Seng Tech Index down 2.3%.
China will ban mainland investors from trading onshore shares via the stock connect scheme linking stock markets in Shanghai and Shenzhen with Hong Kong, in a move to crack down on “fake foreign capital.”
Chinese automaker Li Auto has filed to sell up to $2 billion in ADS, each representing two Class A ordinary shares, in an at-the-market stock offering program on Nasdaq, according to a press release on Tuesday.
Searches for ‘Shanghai Disney’ on online travel service platform Qunar.com surged 380% immediately after Shanghai Disney Resort on Tuesday said it will reopen at the end of this month after a three-month shutdown due the Covid-19 outbreaks.
China’s base metal futures continued to rally on Tuesday as China’s economy showed signs of recovering. The most-traded tin futures contract on the Shanghai Futures Exchange, for July delivery, surged by 8.5% to close at 221,860 yuan per tonne, after jumping nearly 5% in the previous trading day.
Chinese battery maker Gotion High Tech Co said it plans to locate one-third of its production capacity outside China by 2025 to meet the growing demand from overseas electric vehicle (EV) makers and energy storage household clients.
