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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 …
China’s National Energy Administration (NEA) on Friday held a meeting about increasing coal production and ensuring coal supply, according to a statement on the day.
China’s Ministry of Transport on Friday tightened existing rules governing how online ride-hailing companies should handle and share their data with regulators, updating similar rules announced in 2018.
Shares of manganese companies stage a strong rally, with South Manganese, one of the world’s largest manganese producers, surging 6.9% in Hong Kong to close at HK$1.08, the highest level in nearly four months.
Shares of Chinese cement producers have declined by 14% year to date as the domestic Covid outbreaks and the downtrend in the housing market have …
Hong Kong’s Financial Services and the Treasury Bureau (FSTB) is considering working with Qianhai, a special economic zone in Shenzhen, to help private equity funds incorporated in Hong Kong to invest in Mainland China though simpler approval procedures, reported Hong Kong’s Sing Tao Daily citing Christopher Hui, Secretary for Financial Services and the Treasury.
Chinese power battery giant CATL’s M3P battery is already in mass production and will be in use next year, the company’s chief scientist Wu Kai said during a presentation at the 2022 World EV & ES Battery Conference in Yibin, Sichuan province in Southwest China on Friday.
Chinese carmakers BYD Company and Leapmotor are in talks with GAC about the possibility of taking over the Changsha plant of GAC-Stellantis, Chinese news outlet Cailianshe reported on Friday, citing sources familiar with the matter, without giving further details.
Chinese property developers Huijing Holdings is crashing more than 85% in Hong Kong to hit a new record low of HK$0.216.
Shares of Chinese cement producers trade lower on expectation of sector-wide over-capacity amid sluggish real estate activities. Conch Cement is sliding more than 5% in Hong Kong, CNBM down 4.6%, Huaxin Cement down 1.9% and China Resources Cement down 1.75%.
Foxconn Interconnect Technology Ltd (FIT), a subsidiary of Foxconn and a supplier of precision components, is surging more than 14% in Hong Kong after the company forecast strong more than 900% growth in first-half profit and several banks raised projections of FIT’s earnings in 2022 and years ahead.
China’s power battery giant CATL surged as much as 4.2% before paring gains to about 3%, on news of its supply deal with Ford Motor …
Chinese electric vehicle maker NIO is jumping nearly 5% in Hogn Kong, after the company on Thursday said it will deliver 150-kWh solid-state battery pack in the fourth quarter.
TikTok owner ByteDance has reportedly downsized its recruitment plans for next year as the company taps the breaks on expansion.
Chinese power battery giant CATL will supply lithium iron phosphate (LFP) battery packs for the Ford Mustang Mach-E sold in North America starting next year …
China’s top cybersecurity regulator fined ride-hailing giant Didi Global 8.026 billion yuan ($1.19 billion ) for breaching Chinese laws and regulations, concluding a probe that …
Chinese video games sector’s revenue declined in the first half of 2022 for the first time since the data was made available 14 years ago amid Beijing’s tightening oversight.
Cloud Village Inc, music-streaming unit of NetEase, on Thursday said that it has entered into a licensing agreement for digital music distribution with South Korea’s YG Entertainment Inc, granting NetEase Cloud Music the right to distribute YG Entertainment’s music catalog in China.
Fitch Ratings downgraded Chinese property developer KWG Group Holdings Limited’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘B-‘, and senior unsecured rating to …
Shares of Chinese semiconductor companies staged a rally on Thursday on expectation of price hikes. In the A-share market, an index tracking the semiconductor sector …
China built nearly 31 gigawatts (GW) of new solar power capacity in the first half of the year, surging 137% from a year earlier, with full-year installations on course to hit a new record high, said Wang Bohua, the honorary chairman of the China Photovoltaic Industry Association, said on Thursday.
Chinese regulators on Thursday announced a second round of repayments to depositors whose funds were frozen in a banking fraud. Some deposits at four rural …
The Asian Development Bank lowered its forecast for GDP growth in developing Asia in 2022, saying that China’s zero-tolerance to Covid creates ripple effects on regional supply chains and economic development.
Embattled property developer China Evergrande Group has yet to reach an agreement with overseas bondholders over a restructuring as a self-imposed July deadline to unveil …
Capacity of Tesla’s factory in Shanghai has officially surpassed its plant in California. Giga Shanghai, which makes Model 3 and Model Y, now has an annual capacity of more than 750,000 units, according to Tesla’s second-quarter earnings report.
China’s road freight volume declines again as more than 20 provincial-level regions have been hit by a new wave of Covid-19 infections. According to data …
