China imposed further sanctions on Taiwan ambassador to US, announced steps against US organizations
China has imposed further sanctions on Hsiao Bi-khim, Taiwan’s de facto ambassador to the US, prohibiting her and family members from entering
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China has imposed further sanctions on Hsiao Bi-khim, Taiwan’s de facto ambassador to the US, prohibiting her and family members from entering
China’s foreign exchange reserves stood at $3.1839 trillion at the end of March, representing an increase of $50.7 billion or 1.62% from
China’s most-traded sugar futures contract on the Zhengzhou Commodity Exchange, for July delivery, gained more than 3% to hit 6,722 yuan per
Shares of Chinese semiconductor companies rallied in the A-share market on Friday, with Empyrean Technology surging as much as nearly 10% before
Australia’s discriminatory restrictions on TikTok are not conducive to safeguarding Australia’s national security, but will instead damage the international community’s confidence in
China’s real estate sector underperformed the MSCI China Index so far this year, and despite the improvement in property sales, the confidence
China’s average price of lithium carbonate, a key material for producing power batteries, hit 219,000 yuan per tonne on April 4, slumping
Alibaba Group is planning to split its business into six main units covering e-commerce, media and the cloud, the e-commerce giant said on
OKX, which claims to be the world’s second-largest crypto exchange by trading volume, said on Tuesday that it’s applying for the licence in Hong Kong just two months before the city officially makes crypto trading fully legal.
Allianz Global Investors filed its application on Friday last week to enter China’s $3.95 trillion fund management market, according to a filing
Chinese electric vehicle and power battery company BYD Company reported a net profit of 16.6 billion yuan for the year of 2022,
A spike in air pollution in China in the first quarter of this year was driven by industrial recovery along with unusually
China will cut the amount of cash that banks must hold as reserves for the first time this year to help keep liquidity ample and support the economic recovery after the pandemic.
The onshore Chinese yuan jumped by 648 basis points against the greenback to the highest in over one week on Monday as the US dollar fell amid heightened expectations that the US Federal Reserve will be less aggressive with monetary policy after the collapse of the Silicon Valley Bank.
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China’s three largest telecoms operators continued to rally on Monday, with China Mobile surging more than 9% hit 97.87 yuan at one
The Hong Kong Exchanges and Clearing Limited (HKEX) said its net profit attributable to shareholders for the fiscal year ending on December 31, 2022, reached HK$10.078 billion, sliding 20% from a record high in 2021.
Hong Kong stocks rallied as the impact of the Silicon Valley Bank’s collapse is easing, Premier Li Qiang’s speech lifted market confidence and the Chinese yuan strengthened sharply against the US dollar amid expectation of slower rate hikes by the US Federal Reserve.
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BYD started building its first overseas electric vehicle assembly line, located in Thailand’s eastern Rayong province, on March 10, the company said in a press release.
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East China’s Jiangxi province, a major rare-earths production base, will step up crackdown on illegal mining of strategic minerals such as lithium and rare earths in a special action that will run through the end of Oct 2023.
Shares of Kaisai Group tumbled 25% in Hong Kong, Ronshine China sliding more than 11%, Powerlong down more than 4%, CIFI Holdings down nearly 4%, Times China down nearly 3%.
The net balance measuring whether Chinese companies project an increase in headcount over the next 12 months was 11% in February, the highest level in eight years, according to a survey by S&P Global Market Intelligence, compared to only 2% in the previous survey conducted in October last year.
Chinese President Xi Jinping said that China needs security to develop and must modernise its military to make it a “Great Wall
China’s economic growth target for this year has been set at “around 5%” after taking into account various factors, said Chinese Premier
China reported unexpectedly strong credit growth for February, with money supply growing at the fastest pace in nearly 7 years, as the authority looks to support the economic recovery.
Chinese automakers are sliding in Hong Kong, with Geely Auto sliding 5.4% as of 9:43 am local time, BYD Company down 5%, Nio, Great Wall Motor and Li Auto down more than 4% and Xpeng Motors down 3.3%.
Macquarie said it’s positive about China Unicom’s strong performance in industry internet, which grew 29% in 2022 from the previous year and accounting for 20% of its total revenue.
JPMorgan raised the forecast of Sinopec, PetroChina, and CNOOC’s dividend payout ratios to 80%, 60%, and 50%, respectively, from previous estimates of 75%, 45%, and 40%.
Since China downgraded the control measures COVID-19 on January 8, the country has logged 39.72 million cross-border passenger trips and 2.49 million cross-border transportation vehicles (ships, aircraft, and trains), surging 112.4% and 59.3%, respectively, from a year earlier.
China Unicom, one of the country’s largest telecoms operators, said its revenue reached 354.9 billion yuan in 2022, rising by 8.3% from the previous year, the fastest growth in nine years.
China is “open” to a visit by US Secretary of Commerce Gina Raimondo as it remains “very important” for the two sides to maintain communication over trade, China’s Ministry of Commerce said on Wednesday.
Hotels near top tourist attractions in major cities have been fully booked for May 1, the first day of the Labour Day holiday, according to online travel agency Trip.com.
Authorities in central China’s Hubei province offers as much as 90,000 yuan discounts on cars purchased from Dongfeng Honda Automobile, according to promotional leaflets at car dealerships.
China’s proposed National Financial Regulatory Commission will better tackle lingering issues that threaten to destabilise the economy, ranging from a housing bubble to the unbridled expansion of financial conglomerates, said Goldman Sachs in a research note.
The number of travelers has increased by 82% in the past two weeks (Feb 19 – Mar 4), compared to the previous two weeks (Feb 5 – 18), according to data from online travel agency Tuniu.
Goldman Sachs cut target price of HKEX by 1% to HK$437 from HK$441, but kept it on Conviction Buy list.
BofA Securities downgraded Chow Tai Fook, one of the world’s largest jewellery retailers, from Neutral to Underperform, and cut its target price from HK$17.6 to HK$13.2.
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Hong Kong broadcaster TVB’s parent company, Television Broadcasts Limited, continues surging on Wednesday, jumping as much as over 97% to hit HK$14.36
Defaulted property developer Sunac China said in its overseas debt restructuring plan that it may issue new US dollar bonds to replace existing ones, and creditors can also apply for debt-to-equity swaps.
Country Garden Services tumbles as much as 4.8% to hit HK$14.6 in Hong Kong, bringing its market value below HK$50 billion.
Chinese financial hub Shanghai’s second-hand housing transaction volume reached 19,000 units in February, reaching the highest level since July 2022.
Shares of non-ferrous metal companies are sliding across the board in Hong Kong, with China Minmetals plunging 5%, Zhaojin Mining down 4%, China National Gold International and Zijin Mining down 2%, and Shandong Gold, Aluminum Corporation of China, and Luoyang Molybdenum down 1%.
Chinese oil companies stage a strong rally, with CNOOC surging by more than 5% to hit a new record high of HK$12.68, while its Shanghai-listed shares jumping by the daily limit of 10% to hit an all-time high of 18.92 yuan at one point.
Ni Hong, China’s Minister of Housing and Urban-Rural Development, expressed confidence in the recovery of the country’s real estate market.
Foreign corporate investment into China is expected to rebound this year, as economic uncertainties in the country have eased significantly this year, along with the reopening and resumption of staff exchanges, said Wang Tao, Chief China Economist at UBS.
China on Tuesday unveiled a sweeping reform plan for a slew of state institutions, including restructuring the Ministry of Science and Technology (MST) and establishing a national financial regulatory administration, part of the country’s efforts to bolster its scientific-technology capabilities and economic and financial security amid growing external uncertainties.
Chinese regulator is pushing forward the revision of the “Anti-Unfair Competition Law ” after revising the “Anti-Monopoly Law” last year, said Luo Wen, Head of the State Administration for Market Regulation, at a press conference on Tuesday.