Hang Seng index inches away from bear market
The Hang Seng index in Hong Kong lost near 1 per cent on Thursday to close at 26,974, its lowest level for more than a …
STOCKS
China moves to encourage stock buyback to boost A-share market
Chinese regulator is planning to encourage public companies to repurchase stocks, according to a revised draft amendment on China’s Company Law, released on Thursday, which is …
Chinese trash stocks post a rally as bluechips disappoint
Chinese stocks remained under pressure with big-cap blue-chips underperforming while trash stocks posting a rally. Shanghai Composite Index slid 1.7 per cent to 2704 on Wednesday, …
Nomura: PBOC unlikely to raise rates after expected Fed rate hike in Sep
Chinese central bank is unlikely to raise interest rates in September after the expected rate hike by the US Federal Reserve, as China needs monetary …
Deleveraging? Chinese corporate leverage is getting higher
Chinese companies see leverage rise despite the country’s deleveraging campaign and in particular, small-sized private companies, hit by the country’s supply-side reform and deleveraging campaign, …
Chinese stocks climbed, ending 5-day losing streak
The Shanghai Composite index climbed 1.1 per cent to close at 2750, ending 5-day losing streak, 5-day, 10-day and 20-day moving average recovered. Shenzhen Component gained …
PBOC official: China should build screening system for P2P platforms
China should establish a screening system for investors who plan to invest in peer-to-peer (P2P) online lending platforms, said a senior researcher with the central …
Shanghai Composite declined for the 5th straight day
Shanghai Composite Index declined on Monday for the 5th straight session, closing 0.2 per cent lower at 2720, after breaking through the 2700 mark intraday. …
ZTE slides on report of layoff in Nanjing research unit
‪Shares of Chinese telecom giant ZTE are sliding in Hong King, tumbling by up to 8 per cent at one point, on media reports that …
Local government bond sales surge amid Beijing’s infrastructure push
China is witnessing a surge in government bond sales driven by Beijing’s efforts to invigorate the economy crimped by slowing domestic demand and escalating trade …
China’s Caixin manufacturing PMI hit 14-month low
China’s caixin manufacturing purchase managers’ index edged down to 50.6 in August, the lowest in 14 months, compared to 50.8 in the previous month. Official …
China to end tax break for venture capital
China’s State Administration of Taxation has told local governments to stop offering tax incentives to venture capital (VC) firms as the country revamps its tax …
China to conduct nationwide inspections of ride-hailing firms amid outrage over murder case
China will conduct nation-wide inspections on all ride-hailing service providers starting from 5th September, said the transport ministry on Friday, amid public outrage after a …
China to raise income tax threshold to boost consumption
China’s parliament has passed a proposal to raise the threshold for income taxes, the first major change in seven years, in a move to increase …
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 is finally ending …
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)Â coming in at 51.3, beating expectations of 51 and higher than …
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, explore age rating …
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, the inclusion factor …
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 a move to …
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 Finance Minister Liu …
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 the way for …
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 raise over $1 …
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 to zero, according …
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 test the 30-day …
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 Singapore, Prime Minister …
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 data released by …
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 reintroduced the counter-cyclical factor …
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 Security issued a …
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 on their payment …
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 the authority will …
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 setting yuan’s daily …
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 yuan is jumping …
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 afternoon session. Shares …
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 price index in …
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 tighten regulations on …
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 is becoming increasingly …
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 providing 5G technology …
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 active fiscal policies …
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 economy crimped by …
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 new low in …
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 employers’ stock incentive …
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 to discuss bilateral …
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 growth by its …
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 as part of …
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 about the security …
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 hitting a new …
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 as to ramp up …