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 …
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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 …
How will China spend money in upcoming infrastructure push
The Politburo of China’s Communist Party and the country’s cabinet, the State Council, both pledged at recent meetings to increase infrastructure spending to invigorate the …
China Slaps Additional Tariffs on $16 Billion US Products
China is slapping additional 25 per cent tariff on another $16 billion worth of US goods, effective on Auguste 23, the same day that the US …
Chinese Market Flooded With Liquidity, Driving Borrowing Costs to Record Low
Chinese government recently pledged ample liquidity to invigorate the economy faced with slowing domestic demand and escalating trade tensions with the United States. The People’s …
Chinese Stocks Bounced the Most in Two Years
Chinese stocks bounced on Tuesday. The Shanghai Composite Index surged over 2.7 per cent to 2779, the biggest one-day gain in more than two years, 5-day …
ByteDance Kicked Off $3 Billion Fundraising, Eyes 2019 IPO
Sources: Financial Times The Wall Street Journal ByteDance, a Chinese company which owns China’s most popular news aggregator Jinri Toutiao and video sharing platform Douyin …
China Tower Extends Lacklustre IPO Trend in Hong Kong
China Tower made its trading debut in Hong Kong on Wednesday and the stock ended unchanged from its IPO price, extending the trend of lacklustre debuts …
China Sees Commodity Rally Driven by Government Infrastructure Push
China’s commodity futures are seeing a big rally recently boosted by the government’s pledge to support the economic growth with more credit and infrastructure spending …
Steel Futures Surged to 5-Year High, Bullish Run Likely to Continue
Steel rebar futures in China surged by 1.5 per cent on Monday to hit the highest since 2013, extending a rally since early July boosted by …
Shares of Chinese Pork Producers Surged on Expectations for Higher Pork Prices
The shares of Chinese pig breeding companies posted a rally on Friday while the benchmark index the Shanghai Composite extended losses by 1 per cent …
Major Chinese P2P Lender Caogen Touzi Gets In Trouble
Caogen Touzi, once star P2P online lender in China, becomes the latest troubled online lending platform, extending a surge in P2P collapses starting from June …
China Politburo Said Stable Growth Top Priority, More Infrastructure Spending Pledged
China’s top policy makers have agreed to take a greater focus on stabilising the economic growth amid increased challenges at home and escalating trade tensions …
China Pledged Tougher Curbs On Home Prices
Chinese government has pledged a tougher stance on curbing rising home prices to prevent liquidity from flowing into the real estate market when the world’s …
Hong Kong Stocks Extend Losses Led by Tech Stocks, Tencent Broke Out to Downside
Technology stocks listed in Hong Kong experienced a sell-off on Tuesday, led by Chinese technology giant Tencent following a plunge in US tech stocks overnight. …
China’s Factory Activity Growth Hit New Low in Five Months
China saw its factory activity growth miss expectations in July due to intensifying trade tensions with the United States, bad weather and softening domestic demand. …
China to relax rules on foreign investment in A-share markets
Chinese authorities plans to relax rules on foreign investments in its domestic A-share market, according to a draft published on Monday by the Ministry of …
Chinese Infrastructure Stocks Boosted by Stimulus Expectation
While China’s benchmark stock market indices are still struggling, infrastructures stocks continue to surge boosted the government’s pledge of more investment in infrastructure projects to …
Tencent-Backed Pinduoduo Set US IPO Price at Top of Range
Chinese group-buying site Pinduoduo backed by the tech giant Tencent will price its US initial public offering at $19 per American depositary receipt (ADR) to …
Qualcomm Prepares to Drop Acquisition for NXP as China Stands in the Way
Qualcomm Inc, the world’s biggest maker of chips for mobile phones, said on Wednesday it would drop its $44 billion bid for NXP Semiconductors after …
Hong Kong to Defer Discussion on Broadening Dual-Class Shares Reform
The Hong Kong Stock Exchange decided to defer a debate on proposed rule changes that would allow corporate shareholders to retain shares with more voting …
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 …
China Tower Plans $8.7 billion Hong Kong IPO
Chinese telecommunications tower operator China Tower is looking to open the retail book for its blockbuster IPO in Hong Kong in which it looks to …
China Turns to Policy Easing to Support Economy
Chinese cabinet sent new message that the government will resort to looser monetary polices and more active fiscal policies to support the economy amid increased uncertainties …
Chinese Fund Managers Dumping Biotech Stocks Amid Vaccine Scandal
Chinese fund managers have cut holdings and lowered the valuation of their biotech stocks in their portfolios in the wake of a fake vaccine scandal …
Vaccine Scandal Roils Chinese Markets, Pharmaceutical firms dumped
Chinese pharmaceutical firms are plunging as a drug safety scandal spills over to become a sector-wide trust crisis following authorities’ finding that the country’s second …
China’s property loans to individuals see slower growth
China’s property loans to individual purchasers grew at a slower pace in the second quarter as government restrictions remain in place in major cities, data …
China Is Home to 120 Fortune 500 Companies
Fortune magazine released its 2018 Fortune 500 list on its website yesterday. China is home to 120 companies on this year’s ranking, almost neck-and-neck with …
Central Bank Issues Guidelines on Asset Management Rules Implementation
China’s central bank on Friday issued guidelines on the implementation of overarching rules for the asset management industry, granting some leeway to financial institutions in …
Weaker USD and Reversal in Positioning to Boost Gold
In a recently published report, TD Securities analysts argued that a weaker USD and reversal in positioning could open the door for further gains in …
ZTE Nails Orders From China’s Big Three Telecoms After US Lifts Ban
ZTE won orders worth more than CNY500 million (USD74 million) from China’s three largest telecom operators soon after the US lifted a crippling export ban on the telecom equipment …