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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’s consumption rose significantly on first day of Labor Day holiday – commerce ministry
Chinese major retailers and catering companies saw their total sales on April 29, the first day of the five-day Labor Day holiday, rise by 21.4% …
Recovering, expanding demand is key to sustained economic growth – China’s top leadership
Recovering and expanding demand is the key to the sustained and positive economic growth, said the Politburo, the top decision-making body of China’s Communist Party, …
China’s GDP grew 4.5% on year in Q1, production and consumption picked up in Mar
China’s GDP grew by 4.5% in the first quarter from a year earlier to 28.5 trillion yuan, according to data released by the National Bureau …
China starts three-day military exercises after Taiwan leader’s meeting with US House Speaker
China has started three days of military exercises around Taiwan after the island democracy’s president met the US House Speaker in defiance of Beijing’s warning.
BYD Company extended discounts on car models Seal, Song Plus in ChinaÂ
Chinese electric vehicle maker BYD Company is extending the discounts offered for the Seal and Song Plus amid the heigh of a price war in …
Airbus announced purchase agreement for 160 aircrafts, a second assembly line in Tianjin during French President’s trip to China
Airbus announced a purchase agreement to supply 160 commercial aircraft to a Chinese partner and a second assembly line in Tianjin during French President Emmanuel …
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 the mainland, Hong …
China’s forex reserves rose by 1.65 in Mar amid dollar weakness
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 the previous month, …
China’s sugar futures in Zhengzhou hit highest this year amid tight supply
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 tonne at one …
Chinese semiconductor companies continue to rally after official vowed more efforts to support the sector
Shares of Chinese semiconductor companies rallied in the A-share market on Friday, with Empyrean Technology surging as much as nearly 10% before closing the morning …
China urges Australia to provide non-discriminatory environment for Chinese firms
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 Australia’s business environment …
China’s real estate sector to lag behind MSCI China, no significant catalyst in Q2 – J.P.Morgan
China’s real estate sector underperformed the MSCI China Index so far this year, and despite the improvement in property sales, the confidence in the sustainability …
China’s lithium prices return to level in Dec, 2021, more decline expectedÂ
China’s average price of lithium carbonate, a key material for producing power batteries, hit 219,000 yuan per tonne on April 4, slumping 56.4% from the …
Alibaba to split business into six main units, each to explore fundraising, IPOs
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 Tuesday, adding that …
Cryptocurrency exchange OKX to apply for virtual asset licence in Hong Kong
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 applies to set up new fund management unit in ChinaÂ
Allianz Global Investors filed its application on Friday last week to enter China’s $3.95 trillion fund management market, according to a filing with the China …
EV maker BYD’s Q4 net profit soared 1,114% on year
Chinese electric vehicle and power battery company BYD Company reported a net profit of 16.6 billion yuan for the year of 2022, surging 445.86% from …
Post-Covid industrial recovery along with unusually warm weather led to spike in air pollution – environment ministry
A spike in air pollution in China in the first quarter of this year was driven by industrial recovery along with unusually warm weather, a …
PBOC cut banks’ reserve requirement ratio to support economic recovery
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.
Chinese yuan strengthens sharply against dollar amid expectation of slower rate hike by Fed
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.
China Mobile surges more than 9% to hit new record high
China’s three largest telecoms operators continued to rally on Monday, with China Mobile surging more than 9% hit 97.87 yuan at one point, marking a …
HKEX’s 2022 net profit attributable to shareholders slid 20% from record high in 2021
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.Â
Hong Kong stocks rallied, tech, infrastructure, oil and gold firms rallied
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.
Chinese automakers BYD Co., Neta Auto broke ground on car factories in Thailand
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.Â
