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.
