Chinese clothing producer Shenzhou International tumble after its customer Nike lowered sales outlook, unveiled cost cut plan >>>
Chinese property developer Powerlong surges in Hong Kong after reaching offshore debt restructuring deal >>>
Alibaba’s frequent management changes not welcomed by market; setup of asset management company signals faster non-core asset disposal – JPMorgan >>>>
CICC slashed Country Garden Services’ 2023 net profit by 89%, target price by 19%after impairment provisions >>>
Nio shares surge in Hong Kong after securing $2.2 bn investment from Abu Dhabi-based investor CYVN >>>
Country Garden Services’ impairment announcement consolidated market concerns, expected to write down almost all receivables from Country Garden – JPMorgan
Country Garden Services’ annual dividend expected to be zero as impairment makes up 75% – 96% of net profit forecast – UBS >>>
