Steel rebar selloff continues with more uncertainties expected
China’s benchmark steel futures is having a selloff these days after hitting a seven-year high last week, raising questions whether the commodity
Category: STOCKS
China’s manufacturing factory activities pick up, exports remain under pressure
China’s factory activities picked up slightly in August, with the manufacturing purchasing managers’ index (PMI) coming in at 51.3, beating expectations of 51
China’s online gaming sector expected to see tougher controls
China’s State Administration of Radio and Television, which oversees the country’s gaming sector, said it would control the total amount of online games,
Chinese A-share weighting in MSCI Indexes to rise further starting Sep 1
Chinese A-shares will officially start the second phase of its inclusion into the MSCI Emerging Index and other indexes. Starting from 1 September,
Shenzhen mulling targeted rent control to curb surging rent
China’s top-tier city Shenzhen is considering a rent control capping annual rent increase at 5 per cent among certain residential projects, in
Beijing warns of risks over hidden debt, new inspection expected
Beijing will tighten control on local government debt, especially to curb risks arising from “hidden debt”, to maintain financial stability, said the
Fosun taps into intelligent manufacturing with FFT acquisition approved
Fosun International Ltd won regulatory approval from the European Commission to acquire a German automated and flexible production systems maker FFT, paving
Chinese EV maker Nio files for US IPO to raise $1 bn
China electric-vehicle maker Nio, a Tesla’s competitor in China, set terms Tuesday for its initial public offering in the US looking to
China to reduce local government bond risk weightings to attract bank buyers
Chinese authority is considering to reduce the risk weightings for bank holdings of local government bonds from the current 20 per cent
Chinese stocks bounced with higher trading volume, investors’ sentiment boosted by Yuan stabilisation
Shanghai Composite Index climbed 1.9 per cent to 2780 on Monday. The index recovered the 20-day moving average and is about to
Malaysia bans Country Garden selling Forest City residential units to foreigners
Malaysia will not allow foreigners to buy residential units in the $100-billion Forest City project in its southern state of Johor bordering
China’s industrial profit growth slows, SOEs debt asset ratio drops to lowest since 2016
China’s industrial profit increased 16.2 per cent year-on-year in July, compared with a 20 per cent growth one month earlier, according to
7 per USD mark looks safe now, but pressure lingers
The biggest news for the Chinese yuan in the past week is that the People’s Bank of China (PBOC) said it had
Beijing moves to step up crackdown on cryptocurrencies and ICOs
China’s five top regulators including the People’s Bank of China, the China Banking and Insurance Regulatory Commission and the Ministry of Public
Tencent and Alibaba to clean up payment accounts involved in cryptocurrency trading
Tencent and Alibaba-affiliate Ant Financial, the operators of China’s two largest mobile payment platforms, said they will investigate individual and corporate accounts
Beijing to start new checks on P2P lenders
Online peer-to-peer lending platforms in Beijing are required to conduct self-review over potential risks and plans to address the risks etc. and
PBoC said China reintroduced counter-cyclical factor in yuan fixing
China’s foreign exchange regulator under the People’s Bank of China said late Friday that the country has reintroduced the counter-cyclical factor in
Chinese yuan surging to break through 6.85/USD
Onshore yuan is surging more than 200 pips to break through 6.85/USD mark, over 400 pips higher than the intraday low. Offshore
Chinese stock turnover drops to 4-year low
Shanghia Composite close 0.18 per cent higher at 2729, pulled back into gaining territory by the banking sector which outperformwd in the
China’s vegetable prices surging as 40-year worst flood hits
China’s vegetable prices are surging after its major vegetable planting areas are hit by the worst flood in forty years. The vegetable
China tightening controls on home rental firms after first collapse case
China saw the first collapse of housing rental company, heightening concerns over the sector’s risky business practices and prompting the authority to
CLSA: Hong Kong home price expected to decline 15% in a year
The investment bank CLSA expects home prices in Hong Kong to decline 15 per cent within a year as the price level
China extremely concerned about Australian ban on Huawei and ZTE
The Chinese government said it’s extremely concerned about the statement issued by Australia which banned Chinese telecommunication companies Huawei and ZTE from
New signs of infrastructure push, public-private-partnership projects picking up
Fresh new signs are emerging pointing to a pick-up in infrastructure investment in the world’s second largest economy after Beijing pledged more
New deputy PBOC governor reiterates no “flood” stimulus, pledges ample liquidity
The newly appointed deputy governor of the People’s Bank of China reiterated the bank’s stance against strong stimulus to prop up the
Chinese stocks bounce driven by surging overseas fund flows
Chinese stocks bounced on Monday, with the Shanghai Composite Index closed 1.1 per cent higher at 2698 after hitting 2698 intraday, a
China to open up A-shares to more foreign individual investors next month
China has revised rules to enable more foreign investors to trade stocks in the mainland via local brokers and take part in Chinese
China-US trade talks plan boosts markets
China’s Vice Minister of Commerce Wang Shouwen will lead a delegation to visit the United States at the end of this month
Tencent posts first quarterly profit drop in 13 years
Chinese internet giant Tencent Holdings reported earnings for the second quarter that missed analyst expectations on Wednesday primarily dragged by decelerating revenue
Beijing urges faster bond issuance for infrastructure push
China’s Ministry of Finance released a guideline on Tuesday urging local governments to speed up issuance of special-purposed bonds for infrastructure projects
First LGFV default stirs China’s bond market
A quasi-municipal organisation in the Xinjiang Uighur Autonomous Region missed bond payment, making it the first bond default by LGFVs, raising concerns
Chinese economy losing steam further, fixed-asset investment growth hit new record low
Chinese economy is showing more signs of slowing further as domestic demand softens and trade tensions intensify, with fixed- asset investment growth
Facebook Moves into China, Subsidiary Opens in Hangzhou
US social media giant Facebook has finally moved into China by setting up a subsidiary in the country, a move widely viewed