China halves required quarantine time for overseas arrivals, marking biggest change to the rules since border closure in 2020
China on Tuesday announced changes to its pandemic control policy that will make it easier to enter the country.
MARKET
Changan Auto surges by daily limit to hit record high after launching smart EV tech platform with Huawei, CATL
China’s Chongqing Changan Automobile surges by the daily limit of 10% to hit a new record high of 20.35 yuan per share in Shenzhen, bringing its market cap to nearly 200 billion yuan. Since the end of April, the stock has jumped by more than 200%.
LIVE: Trip.com shares trade lower in Hong Kong after reporting 989 million yuan net loss for first quarter
China’s largest online travel agency Trip.com is trading more than 2% lower in Hong Kong after the company reported a net loss of 989 million yuan ($147.79 million) for the first quarter of 2022.
Market Open Tuesday: Hong Kong stocks, A-share open lower; Yuan fixing cut by 80 pips; PBOC injects net 100 billion yuan via open market operations
Hong Kong stocks open lower on Tuesday, with the benchmark Hang Seng Index down 0.38%, the Hang Seng China Enterprises Index down 0.46% and the Hang Seng Tech Index down 0.89%.
China mulls extending yuan’s trading hours to attract global investors – report
China reportedly plans to extend the yuan’s trading hours to increase global investor participation in onshore currency trading as part of its internationalization push.
China to maintain accommodative monetary policy to support economic recovery – PBOC governor Yi Gang
China’s monetary policy will continue to be accommodative to support economic recovery from, said Yi Gang, Governor of the People’s Bank of China, in an interview with the state broadcaster CGTN.
Market Close Monday: Hong Kong stocks rallied, A-shares closed higher, catering and tourism companies led the gains
Hong Kong stocks rallied on Monday, with the benchmark Hang Seng Index up 2.35% to get back above 22,000 mark, the Hang Seng China Enterprises Index up 2.5% and the Hang Seng Tech Index surging 4.7% to jump above 5,000 mark.