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Editor's Picks
China’s gold consumption rose nearly 6% in Q1 driven by safe-haven demand, gold production surged 21% boosted by rising gold prices
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State-owned oil giant CNOOC hit new record high after reporting better-than-expected earnings for Q1
State-owned oil giant CNOOC hit new record high after reporting better-than-expected earnings for Q1
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Chinese securities brokerages rally on hope of more M&As, Guolian jumped up to nearly 30% on acquisition plan
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China’s state investor Central Huijin estimated to spend 330 bn yuan increasing ETF holdings to support stock market
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US Secretary of State Blinken raised concerns on China’s trade policy, economic practices, China urged US to respect principle of fair competition
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Hong Kong’s exports, imports improved significantly in Mar, shipments to Asian destination picked up
Hong Kong’s exports, imports improved significantly in Mar, shipments to Asian destination picked up
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US Secretary of State Antony Blinken to meet business leaders in Shanghai
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Great Wall Motors surges more than 10% in Hong Kong after posting 17 times surge in Q1 net profit
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China gives conditional approval to Genuine Biotech’s HIV drug for COVID patients
China on Monday gave conditional approval to domestic firm Genuine Biotech’s Azvudine pill to treat certain adult patients with COVID-19, adding another oral treatment option against the coronavirus.
Hong Kong stocks closed lower, shipping and auto firms led losses, mainland property developers rallied
Hong Kong stocks closed lower on Monday, with the benchmark Hang Seng Index down 0.22%, the Hang Seng China Enterprises Index down 0.42% and the Hang Seng Tech Index sliding 1.4%.
Chinese A-shares closed lower in light trading, auto and power companies leading losses
Chinese A-shares closed lower on light trading volume on Monday, with the benchmark Shanghai Composite Index sliding 0.6% to close at 3,250, the Shenzhen Component Index down 0.8% and the tech-heavy Chinext Price Index sliding 1.2%.
Cities of Taizhou, Luzhou ease property curbs to support housing market
Another two Chinese cities relaxed home purchase curbs in a bid to bolster the struggling housing market.
China’s population to start to shrink ahead of 2025 – state media
The growth of China’s population has slowed sharply and the population is expected to start to shrink ahead of 2025, the state-backed Global Times reported, …
PBOC official vows privacy, personal information protection in use of digital yuan
China will fully respect privacy and protect personal information in using the digital yuan, said Mu Changchun, director-general of the Digital Currency Research Institute of the People’s Bank of China (PBOC), at a forum on Sunday
China to set up real estate fund worth up to 300 billion yuan to support struggling developers – report
China is planning to set up a real estate fund that could be worth up to 300 billion yuan ($44.39 billion) to support more than a dozen property developers, including embattled China Evergrande Group, financial information provider REDD reported on Monday, citing sources.
Chinese property developers dollar bonds rally amid improving market sentiment
Chinese property developers’ US dollar bonds are surging as market sentiment improved after the Chinese government pledged to support healthy development of the real estate market.
China’s polysilicon producers tumble on news government to step in to curb surging prices
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%.
Shares of Chinese property developers rally after authorities vowed to promote healthy development of real estate market
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.
Tesla’s Shanghai factory reportedly completed upgrade for Model Y production line on July 16
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, A-shares open lower on Monday
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 …
Chalco to buy 19% stake in Yunnan Aluminium to become largest shareholder
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 …
Infant formula maker China Feihe expects 33.4% – 42.4% drop in first half amid falling birth rate
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.
China Evergrande chief executive, chief financial officer resign amid deposit probe
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 to consolidate economic recovery in Q3, to promote healthy development in real estate, platform economy – State Council
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 banking regulator vows to ensure lending to resume construction of unfinished properties amid mortgage boycott crisis
China’s top banking regulator vowed to ensure steady lending to qualified property developers to help resume construction of unfinished projects amid the spreading mortgage boycott …
China’s environmental protection regulator approved 20 coal projects with 125 mln tonnes capacity in first half of 2022
China’s environmental protection regulator approved a total of 45 major projects involving a total of about 700 billion yuan of investment in the first half …