CHINA MARKET WIRE
China’s crude oil futures surged over 7%, fuel oil jumped 10.8%
China’s most-traded crude oil futures contract on the Shanghai International Energy Exchange, for August delivery, surges 7.1% to close at hit 683 yuan per barrel.
Premier Li reiterates”China’s resolve to open up not changed”
Chinese Premier Li Keqiang said that China’s resolve to open up to the outside world will not change, and the country will continue to build itself into a big market and a hot destination for foreign investment.
Tesla Shanghai sees 26,000 vehicles roll off production line since operation resumed in April – China official data
As of May 19, Tesla’s Shanghai plant has seen a total of 26,000 vehicles roll off the production line since operations resumed a month ago, according to an article released by China’s Ministry of Industry and Information Technology on its official WeChat account.
Tencent reportedly abolished sport business in latest business reshuffle
Chinese internet giant Tencent abolished six sports business units, including the soccer and basketball operations group due to changes in the external market environment and a necessary business reorganization, The Paper reported, citing an internal company notice.
Four companies incl. SMIC added to Hang Seng Index
Four companies including Semiconductor Manufacturing International Corporation, China Hongqiao, Zhongsheng Group Holdings Ltd, Orient Overseas Container Line and China Hongqiao Group Limited will be added to the Hang Seng Index, announced Hang Seng Indexes Company.