China’s installed capacity of electric power generation reached 2.44 billion kW in the first six months of the year, rising 8.1% from a year earlier, according to the National Energy Administration (NEA).
Shares of Chinese property developers are sliding amid growing concerns over financial health of the sector after Chinese media reported that hundreds of developers’ suppliers are struggled to survive.
UBS believed mutual market access with mainland China would remain a major investment theme for the Hong Kong Exchanges and Clearing (HKEX) and recent key developments include the ETF Connect and the Swap Connect.
Chinese Vice Premier Liu He and Executive Vice President of the EU Commission, Valdis Dombrovskis co-chaired the ninth high-level China-EU economic and trade dialogue on Tuesday, according to China’s official Xinhua News Agency.
Foxconn, a major assembler of Apple’s iPhone, is accelerating hiring of fresh graduates from college in China ahead of the launch of the iPhone 14.
The global smartphone market fell 9% year over year in the second quarter amid waning demand and economic headwinds, according to research firm Canalys.
China international Capital Corporation (CICC)’s ratings and target prices for Chinese property developers:
CLSA lowers the rating for Chinese designer toymaker Pop Mart to Outperform from Buy and slashed the highest stock price target by 48% to HK$26 from HK$50.
A rise in the number of Chinese homebuyers ceasing mortgage payments on properties where construction has been suspended for a prolonged period could weaken banks’ asset quality and authorities are likely to step in to curb mortgage defaults from spreading more widely and to larger cities, says Fitch Ratings.
Shares of Macau’s casino operators are trading lower in Hong Kong as weak performance in the second quarter. As of 11:57 am local time, shares of Galaxy Entertainment is down 2.3%, SJM Holdings down 2.2%, Sands China down 2.1% and MGM China down 1.5%.
Chinese express delivery companies stage a rally on strong earnings in June. An index tracking mainland-listed express delivery firms, compiled by Wind Information, is surging 4.6% as of 11:05 am, local time, making it one of the best-performing sectors in the A-share market, compared to 0.1% loss for the benchmark Shanghai Composite Index.
CIX Technology, a Chinese start-up that makes computer CPUs based on the ARM architecture, recently raised $50 million in a new round of funding, co-led by NIO Capital and Qiming Venture Partners, reported Chinese tech news outlet LatePost.
Chinese banks further tighten restrictions on their clients’ investment in precious metals amid increased volatility in global and domestic markets.
NetEase Games, the online games division of NetEase, Inc.on Monday said it’s opening a new AAA studio that will focus on creating the next generation of narrative-driven action gains.
China’s Foreign Ministry on Monday urged Australia to seize the opportunity in bilateral relations and take concrete action to improve trade ties, in response to the Australian treasurer’s call for easing coal trade relations with China.
