China’s capital city of Beijing is offering subsidies for purchases of new-energy vehicle to replace old cars, in a move to boost consumption and support the slowing economy.
China’s top legislative body on Friday voted to adopt amendments to the country’s Anti-Monopoly Law, and the revised law will take effect on August 1.
Troubled Chinese property developer China Aoyuan has agreed to sell a large stake in its Australia unit to an entity controlled by one of the subsidiary’s executives.
The China Securities Regulatory Commission (CSRC) proposed rules to regulate private pension investment via mutual funds, setting the criteria for qualified products and sales agents under its private pension scheme.
China’s capital city of Beijing said it would allow primary and secondary schools to resume in-person classes and Shanghai authority declared victory over COVID-19 after the city reported zero new local cases for the first time in two months.
China’s Shanghai Export Containerized Freight Index compiled by the Shanghai Shipping Exchange has been falling in the recent month as the rebound of exports has been slower than expected.
Shares of the Hong Kong Exchanges and Clearing (HKEX), the operator of the Hong Kong Stock Exchange, gained as much as nearly 5% to hit HK$377, the highest level since the end of March, bringing its market cap to HK$476.2 billion yuan.
Shares of Chinese iconic liquor maker Kweichow Moutai gained 2.7% to close at 2,009 yuan per share, the highest level since January 5 this year, after the liquor maker announced the largest cash dividends in its history.
