Up-to-the-minute updates on China market throughout every trading day! >>>
Chinese property developers’ sales have been weak, with most of them achieved lower than 30% of the full-year sales target, even after more than 200 …
China is considering extending a purchase tax exemption for new-energy vehicles (NEV) to boost consumption and will promote the used car market, as a part of the efforts to boost car consumption, according to an executive meeting of the State Council, the country’s cabinet, on Wednesday.
Chinese local governments’ bond issuance hit a new record high in June after the top authority called for faster issuance to boost investment and support …
Fitch Ratings downgraded the Long-Term Foreign-Currency Issuer Default Ratings (IDR) on Chinese developer Guangzhou R&F Properties Co. Ltd and its subsidiary, R&F Properties (HK) Company Limited, from “CC” to “C”.
With the recovery of factory capacity and the launch of new models, China’s NEV sales are expected to reach 543,000 – 553,000 units in June, CITIC Securities said in a note on Wednesday.
The consumption of electricity in the Chinese provinces of Shandong and Henan reached records this week, mainly driven by the use of air conditioning as heat waves spread across regions north of the Yangtze river.
Hong Kong stocks open lower on Wednesday, with the benchmark Hang Seng Index down 0.42%, the Hang Seng China Enterprises Index down 0.52% and the Hang Seng Tech Index down 0.48%.
Premier Li Keqiang stressed on Tuesday the fundamental role of grain production and energy supply in stabilizing commodity prices, saying that China has kept its …
Hong Kong stocks open higher on Tuesday, with the benchmark Hang Seng Index up 0.48%, the Hang Seng China Enterprises Index down 0.35% and the Hang Seng Tech Index up 0.42%.
China stepped up crude oil imports from Russian in May amid steep discounts offered by suppliers amid sanctions imposed by Western economies over the invasion …
Chinese e-commerce giant JD.com has cut back the operations of its community group-buying platform Jingxi Pinpin due to sluggish sales amid intense competition.
Huayou Cobalt, a leading Chinese supplier of raw materials for power batteries, said it plans to raise as much as 17.7 billion yuan ($2.6 billion) in a private placement of shares.
China kept its benchmark lending rates unchanged as expected, as rate hikes by global central banks make it difficult for the world’s second largest economy …
Average daily transactions of second-hand homes in China’s 50 major cities in the first half of June jumped more than 20% from the level in May, according to data from Beike Research Institute.
Shares of Chinese home appliance makers are trading higher on Monday, with an index tracking the sector up 3% for now, making it one of the best-performance sector in the A-share market so far today. Midea Group is gaining more than 4%, Hisense up 2.6%, and Gree Electric Appliance up more than 1.5%.
Koolearn Technology, online education and e-commerce arm of New Oriental Education, tumbles for the second consecutive trading day, diving nearly 19% in Hong Kong, bringing its share prices down nearly 40% from a peak of HK$33.15 seen last week.
The Hong Kong Monetary Authority (HKMA), the de facto central bank of the city, is expected to buy more Hong Kong dollars to defend the currency’s peg with the US dollar and the pace may also accelerate given the widening interest rate spreads between the city and the US, HKMA chief executive Eddie Yue Wai-man said.
Hong Kong stocks open lower on Monday, with the benchmark Hang Seng Index down 0.6%, the Hang Seng China Enterprises Index down 0.57% and the Hang Seng Tech Index down 0.6%.
The US President Joe Biden said he will be talking to his Chinese counterpart Xi Jinping “soon” and is weighing possible action on tariffs on …
J.P. Morgan Securities (Asia Pacific) Ltd said in a note on Sunday that the early-morning alert of Covid-19 outbreak in Macau was the “largest local outbreak in over two years”, and that Macau’s casino gross gaming revenue (GGR) was “likely to go to near-zero levels”.
Macau authorities said all public sectors will shut down for two days starting Monday, while schools will close for at least three days, as the the number of local Covid-19 cases increased further rose to 21 on Sunday.
The Civil Aviation Administration of China (CAAC) was talking with some countries to gradually and steadily increase regular international passenger flights to meet the needs of personnel exchanges, the regulator said at a press conference on Friday, in response to questions about whether there will be more international flights in the second half of this year.
China is expected to see property sales by floor area grow at a slower pace in 2022, property prices rise slightly, new construction starts decline further and the growth of real estate investment slow significantly, according to a new report released by the Chinese Academy of Social Sciences (CASS), a top government think tank.
Airports in China’s financial and commercial hub of Shanghai saw its business remained extremely weak in May amid the impacts of the Covid-19 outbreaks, with domestic air passenger traffic slumping more than 99% from a year earlier.
Overseas investors cut holdings of Chinese bonds for a fourth straight month in May, and at the fastest rate in more than five years, as …
Shanghai’s economy contracted in May for the second straight month, though at a slower pace, as the coronavirus outbreaks and the city-wide lockdown continued to weigh on business activities in the country’s financial and commercial hub.
Shares of online education companies slide in Hong Kong after a strong rally in the past few days. Koolearn Technology, the live-streaming e-commerce arm of New Oriental Education, is sliding more than 13% after surging 660% this month as of Thursday as its live-streaming videos went viral in mainland China.
Shares of China’s Everbright Securities tumbles nearly 7% in Shanghai after Hong Kong’s securities watchdog reprimanded and fined China Everbright Securities (HK) HK$3.8 million for breaching anti-money laundering rules.
Hong Kong stocks open lower, with the benchmark Hang Seng Index down 0.62%, the Hang Seng China Enterprises Index down 0.63%, and the Hang Seng Tech Index down 1.2%.
Chinese government’s fiscal revenue plunged by more than 30% in May from a year earlier as the government refunded some taxes to help businesses weather …
China’s most-traded iron ore futures contract on the Dalian Commodity Exchange, for September delivery, tumbles by nearly 6% on Thursday night to hit 823 yuan per tonne. The most-traded contracts of steel rebar, coking coal and hot-rolled coil are sliding nearly 4% and coke down more than 3%.
China’s housing market remained sluggish in May despite a series of supportive measures, with home prices declining further and in particular, more cities seeing second-hand …
Koolearn Technology, the online education arm of New Oriental Education, continued to rally on Thursday, surging as much as 100% to jump above HK$30 mark …
Several Chinese carriers including Air China, Hainan Airlines, and Beijing Capital Airlines restarted flights to North America, Europe, and South Asia this month, a month after the State Council urged carriers to increase domestic and international flights in an orderly manner, according to Chinese news outlet The Paper.
China’s installed capacity of electricity generation was about 2.42 billion kWh at the end of May, rising 7.9% from a year earlier, according to the National Energy Administration.
Chinese Prime Minister Li Keqiang said at a State Council meeting that China will include private investment projects in the government pool and step up support for the projects and he urged local authorities to protect legitimate interests of private investment and strictly fulfil policy promises, according to state broadcaster CCTV.
China’s capital city of Beijing strives to achieve more than 350 billion yuan in income from information content consumption, and 1 trillion yuan in live-streaming e-commerce turnover this year, according to a work plan released by the Beijing Municipal Bureau of Economy and Information Technology and the Beijing Municipal Commerce Bureau.
As China’s live hog production capacity has declined to some extend and pork consumption is expected gradually pick up in the second half of the year, live hog prices are expected to rebound, said the National Development and Reform Commission, the top economic planner.
China’s photovoltaic calendered glass industry saw production and prices grow rapidly in May, but there is a trend of high inventories and falling profits, showed data released by the Ministry of Industry and Information Technology.
China’s CPI will continue to operate within a reasonable range and the country is able to achieve its CPI growth target of around 3% for 2022, said the National Development and Reform Commission (NDRC), the top economic planner.
Shares of Chinese airlines and airport operators are trading higher on improving operational data. Shares of Spring Airlines up 3%, Juneyao Airlines and Air China up more than 2%, Guangzhou Baiyun International Airport, China Southern Airlines and Shanghai International Airport up 1%, China Eastern Airlines up 0.5%.
