Shares of Chinese producers of silicon materials used in solar panels are sliding across the board on news that the Chinese government plans to step in to curb surging silicon prices. Xinjiang Daqo New Energy is sliding nearly 8%, Wuxi Shangji Automation down 4.8%, Tongwei Co. Ltd down 3.7%.
Chinese mainland property developers stage a strong rally in Hong Kong after the top authorities vowed to promote healthy development of the real estate market.
US electric vehicle maker Tesla has been upgrading the Giga Shanghai since July and the update for the Phase 2 production line which produces the …
Hong Kong stocks open lower on Monday, with the benchmark Hang Seng Index down 0.45%, the Hang Seng China Enterprises Index down 0.53%, the Hang …
Aluminum Corporation of China (Chalco) said that it plans to acquire a 19% stake in Yunnan Aluminium held by Yunnan Metallurgical in cash through a …
China Feihe, the country’s dominant infant formula maker, said that the company is expected to record a profit of 2.2 – 2.5 billion yuan in the first half of the year, sliding by about 33.4% – 42.4% from the same period last year.
Embattled property developer China Evergrande Group said in a filing on Friday that chief executive officer Xia Haijun has resigned. Siu Shawn, an executive director …
China will make great efforts to consolidate its economic recovery particularly in the crucial third quarter, putting a priority on stabilising employment and prices, the State Council said at a regular meeting on Friday, reported the state broadcaster CCTV.
China’s National Energy Administration (NEA) on Friday held a meeting about increasing coal production and ensuring coal supply, according to a statement on the day.
China’s Ministry of Transport on Friday tightened existing rules governing how online ride-hailing companies should handle and share their data with regulators, updating similar rules announced in 2018.
Shares of manganese companies stage a strong rally, with South Manganese, one of the world’s largest manganese producers, surging 6.9% in Hong Kong to close at HK$1.08, the highest level in nearly four months.
Shares of Chinese cement producers have declined by 14% year to date as the domestic Covid outbreaks and the downtrend in the housing market have …
Hong Kong’s Financial Services and the Treasury Bureau (FSTB) is considering working with Qianhai, a special economic zone in Shenzhen, to help private equity funds incorporated in Hong Kong to invest in Mainland China though simpler approval procedures, reported Hong Kong’s Sing Tao Daily citing Christopher Hui, Secretary for Financial Services and the Treasury.
Chinese power battery giant CATL’s M3P battery is already in mass production and will be in use next year, the company’s chief scientist Wu Kai said during a presentation at the 2022 World EV & ES Battery Conference in Yibin, Sichuan province in Southwest China on Friday.
Chinese carmakers BYD Company and Leapmotor are in talks with GAC about the possibility of taking over the Changsha plant of GAC-Stellantis, Chinese news outlet Cailianshe reported on Friday, citing sources familiar with the matter, without giving further details.
Chinese property developers Huijing Holdings is crashing more than 85% in Hong Kong to hit a new record low of HK$0.216.
Shares of Chinese cement producers trade lower on expectation of sector-wide over-capacity amid sluggish real estate activities. Conch Cement is sliding more than 5% in Hong Kong, CNBM down 4.6%, Huaxin Cement down 1.9% and China Resources Cement down 1.75%.
Foxconn Interconnect Technology Ltd (FIT), a subsidiary of Foxconn and a supplier of precision components, is surging more than 14% in Hong Kong after the company forecast strong more than 900% growth in first-half profit and several banks raised projections of FIT’s earnings in 2022 and years ahead.
China’s power battery giant CATL surged as much as 4.2% before paring gains to about 3%, on news of its supply deal with Ford Motor …
Chinese electric vehicle maker NIO is jumping nearly 5% in Hogn Kong, after the company on Thursday said it will deliver 150-kWh solid-state battery pack in the fourth quarter.
TikTok owner ByteDance has reportedly downsized its recruitment plans for next year as the company taps the breaks on expansion.
Chinese power battery giant CATL will supply lithium iron phosphate (LFP) battery packs for the Ford Mustang Mach-E sold in North America starting next year …
Chinese video games sector’s revenue declined in the first half of 2022 for the first time since the data was made available 14 years ago amid Beijing’s tightening oversight.
Cloud Village Inc, music-streaming unit of NetEase, on Thursday said that it has entered into a licensing agreement for digital music distribution with South Korea’s YG Entertainment Inc, granting NetEase Cloud Music the right to distribute YG Entertainment’s music catalog in China.
Fitch Ratings downgraded Chinese property developer KWG Group Holdings Limited’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘B-‘, and senior unsecured rating to …
Shares of Chinese semiconductor companies staged a rally on Thursday on expectation of price hikes. In the A-share market, an index tracking the semiconductor sector …
