COMPANY NEWS

Singaporean sovereign fund Temasek cut stake in ICBC to below 5%

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ND Paper tumbled 11% to hit 1-month lower on perpetual bonds issuance, Citi cut target price

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PetroChina’s stock rally boosted by strong natural gas demand, target price raised to HK$10 – analysts 

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Great Wall Motor tumbles on falling sales in May, report on European headquarter closure

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Yankuang Energy tumbles in Hong Kong after announcing share placement at 10% discount

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China Cinda Asset Management to replace PwC as auditor amid China Evergrande crisis

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Investment sentiment in China’s internet industry picks up on results certainty, Tencent’s game revenue growth to accelerate in Q2 – research

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Gaming industry’s structural changes, overseas opportunities more favorable for Tencent – research

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Tencent, subsidiary Tencent Music to aquire 10% stake in Thai entertainment platform GMM Music

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Alibaba expected to complete dual primary listing by end of Aug – analysts 

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Goldman Sachs adds Anta Sports, HKEX to APAC Conviction Buy List

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Chinese automaker GAC Group’s shares surge after announcing massive stock buyback plans

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BYD shares hit new high since Nov 2023 on strong May sales, new hybrid tech

Chinese group ordered by Australian federal government to cut stake in rare earth miner

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Great Wall Motor’s exports to keep growing rapidly, target price raised to HK$17 – research

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Shenzhen official met Xiaomi chairman, vowed to further strengthen ties 

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