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Category: MARKET

2023-03-132023-03-14 Yuan Talks FOREX, MARKET

Chinese yuan strengthens sharply against dollar amid expectation of slower rate hike by Fed

Chinese yuan dollar

The onshore Chinese yuan jumped by 648 basis points against the greenback to the highest in over one week on Monday as the US dollar fell amid heightened expectations that the US Federal Reserve will be less aggressive with monetary policy after the collapse of the Silicon Valley Bank.

2023-03-132023-03-14 Yuan Talks COMPANY NEWS, MARKET, STOCKS

China Mobile surges more than 9% to hit new record high

china mobile

China’s three largest telecoms operators continued to rally on Monday, with China Mobile surging more than 9% hit 97.87 yuan at one

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2023-03-132023-03-14 Yuan Talks MARKET, STOCKS

Hong Kong stocks rallied, tech, infrastructure, oil and gold firms rallied

hong kong stocks

Hong Kong stocks rallied as the impact of the Silicon Valley Bank’s collapse is easing, Premier Li Qiang’s speech lifted market confidence and the Chinese yuan strengthened sharply against the US dollar amid expectation of slower rate hikes by the US Federal Reserve.

2023-03-132023-03-14 Yuan Talks MARKET, STOCKS

Chinese property developers slide in Hong Kong on plunging new mortgage loans in Feb from prior month, major developers’ loss warnings

chinese property developer

Shares of Kaisai Group tumbled 25% in Hong Kong, Ronshine China sliding more than 11%, Powerlong down more than 4%, CIFI Holdings down nearly 4%, Times China down nearly 3%.

2023-03-092023-03-09 Yuan Talks COMPANY NEWS, MARKET, STOCKS, VIEWS & ANALYSIS

Macquarie raised target price of China Unicom, lowered rating from Outperform to Neutral

china unicom

Macquarie said it’s positive about China Unicom’s strong performance in industry internet, which grew 29% in 2022 from the previous year and accounting for 20% of its total revenue.

2023-03-082023-03-08 Yuan Talks COMPANY NEWS, MARKET, STOCKS

TVB shares hit three-year high after starting live-streaming e-commerce business

tvb

Hong Kong broadcaster TVB’s parent company, Television Broadcasts Limited, continues surging on Wednesday, jumping as much as over 97% to hit HK$14.36

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2023-03-082023-03-08 Yuan Talks COMPANY NEWS, MARKET, STOCKS

Country Garden Services tumbled nearly 5% after profit warning

country garden services

Country Garden Services tumbles as much as 4.8% to hit HK$14.6 in Hong Kong, bringing its market value below HK$50 billion.

2023-03-082023-03-08 Yuan Talks MARKET, STOCKS

Non-ferrous metal companies slide in Hong Kong after Powell’s hawkish comments

non-ferrous metals

Shares of non-ferrous metal companies are sliding across the board in Hong Kong, with China Minmetals plunging 5%, Zhaojin Mining down 4%, China National Gold International and Zijin Mining down 2%, and Shandong Gold, Aluminum Corporation of China, and Luoyang Molybdenum down 1%.

2023-03-082023-03-08 Yuan Talks MARKET, STOCKS

Chinese oil companies stage strong rally, CNOOC hit new record high for second straight day

cnooc

Chinese oil companies stage a strong rally, with CNOOC surging by more than 5% to hit a new record high of HK$12.68, while its Shanghai-listed shares jumping by the daily limit of 10% to hit an all-time high of 18.92 yuan at one point.

2023-03-06 Yuan Talks MARKET, POLICY & REGULATION, STOCKS

Hong Kong Stock Exchange to lower listing threshold for special technology companies – report

hong kong stock exchange

The Hong Kong Exchanges and Clearing plans to lower the proposed listing threshold for Specialist Technology Companies, local newspaper South China Morning Post reported citing people with the knowledge of the matter, in a move to keep the city’s attractiveness as IPO destination.

2023-03-062023-03-06 Yuan Talks COMMODITIES, COMPANY NEWS, MARKET, STOCKS

China’s three state oil giants rally on expectation of higher demand, CNOOC hit record high 

cnooc

Shares of China National Offshore Oil Corporation (CNOOC) gains 3.5% to close at HK$11.98, marking a new record high. Sinopec gain 3.5%

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2023-03-062023-03-06 Yuan Talks COMPANY NEWS, MARKET, STOCKS

Lenovo hit highest since May 2022 on recovery outlook, net buying by mainland investors

lenovo group

Shares of Lenovo Group continued to rise in Hong Kong, surging over 5% to hit HK$ 7.7 at one point, marking a new high since May 2022.

2023-03-062023-03-06 Yuan Talks COMPANY NEWS, MARKET, STOCKS

JD.com shares gain after launching “10 billion yuan subsidy” campaign

jd.com

Chinese e-commerce giant JD.com gained as much as 3.2% to hit HK$190.7 after launching 10 billion subsidy campaign JD.com officially launched the

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2023-03-062023-03-07 Yuan Talks COMMODITIES, MARKET, STOCKS

Chinese coal miners’ shares slide across the board on falling coal prices

china coal companies

Shares of Chinese coal companies slide across the board in the A-share market, with Shanxi Coking Coal sliding 5.3% as of 10:40

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2023-03-062023-03-06 Yuan Talks COMPANY NEWS, MARKET, STOCKS

Country Garden Services’ shares tumble after issuing warning of up to 57% drop in 2022 net profit

china coal companies

Shares of Country Garden Service are slumping more than 10% in Hong Kong, after issuing profit warning. 

2023-03-062023-03-06 Yuan Talks COMPANY NEWS, MARKET, STOCKS

Hong Kong broadcaster TVB hit new high since May 2021 on live-streaming cooperation with Alibaba’s Taobao

TVB

Shares of Hong Kong broadcaster TVB surge 36% to hit new high since May 2021 on live-streaming cooperation with Taobao Shares of

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2023-03-062023-03-06 Yuan Talks MARKET, POLICY & REGULATION, STOCKS

Chinese telecommunication equipment companies rally after industry minister vowed to accelerate 6G development 

china telecom companies

Jin Zhuanglong, China’s Minister of Industry and Information Technology, said China has built the world’s largest and most advanced 5G network, with

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2023-03-062023-03-06 Yuan Talks COMPANY NEWS, MARKET, STOCKS

China’s telecom operators continue rallying, China Mobile hit record high

china mobile

China’s telecom operators continue rallying on Monday, with China Mobile surging as much as 7.6% in Shanghai to hit a new record high of 93.59.

2023-03-062023-03-06 Yuan Talks MARKET, POLICY & REGULATION, STOCKS

Chinese aerospace, defence stocks rally as government plans to boost defence spending by 7.2% this year

china defence

Chinese aerospace and defence stocks rally on Monday, with an index tracking the sector compiled by Wind Information up 1.3% as of

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2023-03-062023-03-06 Yuan Talks MARKET, POLICY & REGULATION

Participation in Wealth Management Connect undesirable, regulators consider scheme expansion – SFC chairman

Hong Kong

The Cross-Border Wealth Management Connect, launched for more than a year, has been running largely steadily, although the participation level of the scheme has been undesirable amid pandemic.

2023-03-022023-03-03 Yuan Talks MARKET, STOCKS

China Vanke shares hit new lows since Nov 2022 on 300 million new share placement at 6% discount

china vanke

Shares of property developer China Vanke are sliding more than 5% in Hong Kong, while its Shenzhen-listed shares are down more than

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2023-03-022023-03-03 Yuan Talks MARKET, POLICY & REGULATION, STOCKS

Kuaishou applied for yuan counter to support Hon Kong dollar-yuan dual counter model

hong kong stock exchange

Chinese short video platform Kuaishou Technology said it has submitted an application for an yuan counter to support the new Hong Kong

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2023-03-012023-03-01 Yuan Talks MARKET, STOCKS

China’s telecom companies continue to rally on the country’s digital development plan

china telecom companies

China’s top telecommunication operators continue to rally, with an index tracking the sector compiled by Wind Information surging by more than 6.5%, making it the best-performing sector in the A-share market. 

2023-03-012023-03-01 Yuan Talks MARKET, STOCKS

UBS remains optimistic about Chinese stocks

china stocks

UBS remains optimistic about Chinese stock market, expecting improvement in macroeconomic conditions and corporate profits to further boost the market. 

2023-03-012023-03-01 Yuan Talks MARKET, STOCKS

Chinese property developers rally as top homebuilders’ sales picked up in Feb

chinese property developers

Shares of property developers are rallying in Hong Kong, with Yuexiu Property surging 6.4%, while CIFI Holdings and Poly Developments jumping nearly 6%, and Powerlong, Greentown China, and Longfor Group up more than 4%.

2023-02-282023-02-28 Yuan Talks MARKET, STOCKS, VIEWS & ANALYSIS

Morgan Stanley sees over 80% chance for China Telecom, China Unicom shares to rise in next 60 days

china mobile

There is more than 80% chance for China Telecom’s Hong Kong-listed share price to gain in the next 60 days, with target

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2023-02-282023-02-28 Yuan Talks MARKET, STOCKS, VIEWS & ANALYSIS

Twenty-nine Hong Kong stocks may be added to Southbound trading of Stock Connect – research

china hong kong market

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.

2023-02-282023-02-28 Yuan Talks MARKET, STOCKS

Hong Kong stocks closed down on Tue, property developers, automakers tumbled, telecom companies outperformed

hang seng index

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%.

2023-02-282023-03-01 Yuan Talks MARKET, POLICY & REGULATION, STOCKS

Hong Kong local stocks gain on removal of mask mandate from Mar 1

Hong Kong

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.

2023-02-282023-03-01 Yuan Talks MARKET, STOCKS

China’s telecom equipment companies stage strong rally on government plan on digital infrastructure 

cybersecurity china

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%.

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MOST POPULAR

  • chinese property developers Chinese property developers rally as top homebuilders’ sales picked up in Feb
  • chinese automakers Shares of Chinese automakers slide on concerns of price war
  • china travel Many hotels near popular tourist attractions fully booked for first day of Labor Day holiday – agency
  • IC Chinese Vice Premier Liu He met IC companies, stressing mobilizing national resources for IC development
  • electric vehicles china China to introduce new policies to support NEV consumption – commerce ministry
  • lithium battery China’s average battery-grade lithium price hit new low in more than a year 
  • china telecom companies China’s telecom companies continue to rally on the country’s digital development plan
  • non-ferrous metals Non-ferrous metal companies slide in Hong Kong after Powell’s hawkish comments
  • china hong kong market UBS remains optimistic about China’s economic outlook, prefers Chinese, EM stocks
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