Markets

Baijiu Shares Fizzle on Worries of Slower Demand Growth

Baijiu Shares Fizzle on Worries of Slower Demand Growth

Stocks of baijiu, a Chinese liquor distilled from sorghum and other grains, that have been quite strong in the…

Oct 30, 2018
Luan Li & Lu Jinyu and Lin Zhiyin
PBOC Warns Short Sellers Not to Play With the Weakening Yuan

PBOC Warns Short Sellers Not to Play With the Weakening Yuan

China's central bank has voiced a veiled warning for those who wish to short sell the Chinese yuan as the currency keeps on facing depreciation pressures.

Oct 29, 2018
Zhou Ailin & Xu Yanyan
China’s Five State-Backed Funds Sell Off Holdings

China’s Five State-Backed Funds Sell Off Holdings

China’s five-state backed funds, instrumental in the country’s efforts to bail out the market in the 2015 stock crash, have sold off their holdings, according to their third quarter reports.

Oct 26, 2018
Liao Shumin
 Xiaomi to Hit 100 Million Smartphone Sales Target Two Months Ahead of Schedule

Xiaomi to Hit 100 Million Smartphone Sales Target Two Months Ahead of Schedule

Xiaomi’s is expected to hit its annual smartphone sale target of 100 million units by the end of this month, up from 90 million achieved last year.

Oct 26, 2018
Liao Shumin
Jim Rogers Exits US Markets, Buys Chinese Stocks

Jim Rogers Exits US Markets, Buys Chinese Stocks

World-renowned investor Jim Rogers said he’s sold his entire portfolio of US equities and switched into Chinese stocks.

Oct 25, 2018
Xu Wei
Yuan-Dollar Central Parity Rate Falls to New Low

Yuan-Dollar Central Parity Rate Falls to New Low

China’s central parity rate of the yuan against the dollar has fallen again to hit its lowest level since January last year at 6.9409, down 52 points from the previous trading day.

Oct 25, 2018
Xu Wei
China’s Yonghui Plans Supermarket JV With ParknShop, Tencent Units

China’s Yonghui Plans Supermarket JV With ParknShop, Tencent Units

Chinese supermarket chain Yonghui Superstores has agreed to form a joint venture with units of Hong Kong’s ParknShop and tech…

Oct 25, 2018
Xu Wei
Evergrande Is Said to Seek USD1.5 Billion Loan Using HK Tower as Collateral

Evergrande Is Said to Seek USD1.5 Billion Loan Using HK Tower as Collateral

China Evergrande Group is reportedly in talks with financial institutions to borrow about USD1.5 billion to settle overseas debts and pay dividends by leveraging a part-paid Hong Kong office block.

Oct 24, 2018
Liao Shumin
China’s Hanergy to Re-List on Mainland After Three-Year Trading Ban in Hong Kong

China’s Hanergy to Re-List on Mainland After Three-Year Trading Ban in Hong Kong

China’s Hanergy to Re-List on Mainland After Three-Year Trading Ban in Hong Kong. Chinese renewable energy firm Hanergy Mobile Energy…

Oct 24, 2018
Xu Wei
Chinese Securities Firms Plan USD14.3 Billion Asset Management Scheme to Bail Out Share Pledgers

Chinese Securities Firms Plan USD14.3 Billion Asset Management Scheme to Bail Out Share Pledgers

Chinese Securities Firms Plan USD14.3 Billion Asset Management Scheme to Bail Out Share Pledgers. The Securities Association of China, a…

Oct 23, 2018
Tang Shihua
Chinese Insurer PICC Shrinks Mainland Listing as Stock Markets Crumble

Chinese Insurer PICC Shrinks Mainland Listing as Stock Markets Crumble

Chinese Insurer PICC Shrinks Mainland Listing as Stock Markets Crumble. People’s Insurance Corp. of China, the country’s biggest property insurer…

Oct 23, 2018
Zhang Yushuo
Cinda Asset, Beijing Equity Exchange to Jointly Sell Off USD2.4 Billion in NPAs

Cinda Asset, Beijing Equity Exchange to Jointly Sell Off USD2.4 Billion in NPAs

China Cinda Asset Management has put a batch of non-performing assets up for sale worth more than CNY16 billion (USD2.4 billion) in conjunction with Beijing Equity Exchange.

Oct 22, 2018
Liao Shumin

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