Markets
HNA Group Offloads USD192 Mln Stake in Guangzhou Rural Commercial Bank
Aerial Wonder Company Ltd. affiliated to HNA Group Co. sold its stake in Guangzhou Rural Commercial Bank Co. It follows a series of asset disposition by the HNA Group to pay back loans.
China Can Control Impact of Trade Spat With US on Its Cross-Border Capital Flows
The impact of China-US trade frictions on China’s cross-border capital flows and current accounts balance can be controlled, said a spokeswoman for China’s foreign exchange regulator today.
Tencent, JD Ready to Take Part in Leshi’s CNY3 Billion Funding Round for Smart TV Unit
Chinese internet heavyweights JD.com Inc. and Tencent Holdings Ltd. are ready to invest CNY300 million (USD47.7 million) each in New…
Alibaba, Baidu, JD Plot A-Share Return Via New CDR Scheme
Three of China’s big four technology firms, all of which are listed offshore, are set to return to the their…
China Increased Holding of US Government Debt in February
China increased the holding of US treasury bonds in February this year and was still the US’s largest creditor, China News Service reported, citing data from the US Department of the Treasury.
Leshi’s Smart TV Unit Reportedly Completes USD478 Million in New Funding
Leshi’s Smart TV Unit Reportedly Completes USD478 Million in New Funding. Leshi Zhixin Electronic Technology Tianjin Co., the manufacturer of super…
DCE Issues Iron Ore Futures Trading Rules for Foreign Investors Ahead of Next Month's Launch
The Dalian Commodity Exchange (DCE) has issued details surrounding the participation of foreign investors in iron ore futures trading ahead of the scheme’s launch on May 4.
WuXi AppTec Slashes Listing Value in Return to China Stock Market
Biopharma firm WuXi AppTec Co. is all set to become the first China concept stock to return to the domestic market, but its offering value could be as much as 63 percent less than originally planned.
HKMA Injected HKD13.2 Bln Into Banking System Over Five Days to Maintain Currency Stability
Hong Kong Monetary Authority (HKMA), the special administrative region’s de facto central bank, has pumped a total of HKD13.251 billion…
Asian Stocks Unfazed as Hong Kong, Shanghai Markets Drop Post Syria Air Strikes
Asian stock markets were generally calm across the board today, despite US-led military action against Syria over the weekend and…
Shenzhen Moves Closer to Shanghai, Beijing as China’s Third-Largest Financial Center
With its financial industry growing rapidly in recent years, Shenzhen, the southern Guangdong province, has firmly secured its position as…
Rusal’s Shares Plummet After US Sanctions Russian Aluminum Giant
Shares of United Co. Rusal Plc slumped to a record low after investors dumped the Russian aluminum producer’s stock in the wake of US sanctions.