SHANGHAI :

LIVE

Jun 01 03:25 PM
Xiong'an-Daxing Airport Express to Cost USD4.1 Billion
(Yicai Global) June 1 -- The Xiong'an New District to Beijing Daxing International Airport Express Line project has embarked on first-phase construction, with the government awaiting bids for surveying and design, Xiong'an announced on its official document shows. Overall investment in the project is about CNY29.4 billion (USD4.1 billion). The state will foot the entire bill, Xiong'an announced on its official account on Tencent Holding’s popular WeChat messaging app. The segment will be some 85.75 kilometers in length and have seven stations strung along it. The route is designed for speeds of over 160 km per hour. After completion, it will only take one half hour to go from Xiong'an New District to Beijing Daxing International Airport and one hour to the Chinese capital itself. Editor: Ben Armour

(Yicai Global) June 1 -- The Xiong'an New District to Beijing Daxing International Airport Express Line project has embarked on first-phase construction, with the government awaiting bids for surveying and design, Xiong'an announced on its official document shows.

Overall investment in the project is about CNY29.4 billion (USD4.1 billion). The state will foot the entire bill, Xiong'an announced on its official account on Tencent Holding’s popular WeChat messaging app. The segment will be some 85.75 kilometers in length and have seven stations strung along it.

The route is designed for speeds of over 160 km per hour. After completion, it will only take one half hour to go from Xiong'an New District to Beijing Daxing International Airport and one hour to the Chinese capital itself.

Editor: Ben Armour

Jun 01 01:47 PM
iPhone Sales Exceed USD70 Million Over First Five Hours Into 618 Festival
(Yicai Global) June 1 -- Apple's first participation in Tmall's 618 shopping festival has borne fruit as its iPhone sales surpassed CNY500 million (USD70 million) once discounting began after midnight. Customers could receive up to an 8 percent discount to purchase iPhone 11 on Tmall, tech media outlet 36Kr reported, citing data from platform operator Alibaba Group Holding. Editor: Emmi Laine

(Yicai Global) June 1 -- Apple's first participation in Tmall's 618 shopping festival has borne fruit as its iPhone sales surpassed CNY500 million (USD70 million) once discounting began after midnight.

Customers could receive up to an 8 percent discount to purchase iPhone 11 on Tmall, tech media outlet 36Kr reported, citing data from platform operator Alibaba Group Holding.

Editor: Emmi Laine

Jun 01 01:23 PM
China to Carry Out First Mars Mission as Early as July, Space Expert Says
(Yicai Global) June 1 -- China will launch its first Mars exploration mission Tianwen-1 in July or August, according to an expert from the country's main space program contractor. Timing is key because Mars is close to Earth -- still about 55 million kilometers away -- only every 26 months and if its gravitational field fails to capture the probe, the spacecraft will just pass by the Red Planet, Bao Weimin, science and technology committee director at the China Aerospace Science and Technology, said during a CCTV interview. Editor: Emmi Laine

(Yicai Global) June 1 -- China will launch its first Mars exploration mission Tianwen-1 in July or August, according to an expert from the country's main space program contractor.

Timing is key because Mars is close to Earth -- still about 55 million kilometers away -- only every 26 months and if its gravitational field fails to capture the probe, the spacecraft will just pass by the Red Planet, Bao Weimin, science and technology committee director at the China Aerospace Science and Technology, said during a CCTV interview.

Editor: Emmi Laine

Jun 01 01:06 PM
China's No. 1 Internet Firm Satellite to Be Launched This Month
(Yicai Global) June 1 -- Video platform Bilibili is planning to send a remote sensing satellite into space later this month, making it the first space station customized by a Chinese internet company to popularize science. Tests are going smoothly for the launch at Jiuquan Satellite Launch Center, tech media outlet 36Kr reported today. Editor: Emmi Laine

(Yicai Global) June 1 -- Video platform Bilibili is planning to send a remote sensing satellite into space later this month, making it the first space station customized by a Chinese internet company to popularize science.

Tests are going smoothly for the launch at Jiuquan Satellite Launch Center, tech media outlet 36Kr reported today.

Editor: Emmi Laine

Jun 01 10:37 AM
Chinese Stocks Open Higher With Brokerages Surging on Hopes of Faster Trading
(Yicai Global) June 1 -- China's three major mainland stock indexes climbed higher this morning while brokerages rose more than 3 percent after Shanghai's bourse revealed that settling transactions may become quicker. The Shanghai Composite Index opened 0.69 percent up at 2,871.96. The Shenzhen Component Index rose 0.85 percent to 10,837.49. The ChiNext Price Index, which that tracks growth enterprises listed in Shenzhen, gained 0.89 percent to 2,105.24. China's mainland authorities are studying reforming the market maker mechanism and shortening the tradesettlement cycleto T+0, meaning that trades could be settled during the same day, the Shanghai Stock Exchange said on its website. Editor: Emmi Laine

(Yicai Global) June 1 -- China's three major mainland stock indexes climbed higher this morning while brokerages rose more than 3 percent after Shanghai's bourse revealed that settling transactions may become quicker.

The Shanghai Composite Index opened 0.69 percent up at 2,871.96. The Shenzhen Component Index rose 0.85 percent to 10,837.49. The ChiNext Price Index, which that tracks growth enterprises listed in Shenzhen, gained 0.89 percent to 2,105.24.

China's mainland authorities are studying reforming the market maker mechanism and shortening the tradesettlement cycleto T+0, meaning that trades could be settled during the same day, the Shanghai Stock Exchange said on its website.

Editor: Emmi Laine

Jun 01 10:36 AM
PBOC Strengthens Yuan by 1 Bip to 7.1315 a Dollar
(Yicai Global) June 1 -- The People's Bank of China fixed the yuan's central parity rate against the US dollar at 7.1315, 1 basis point stronger for the redback from the previous trading day. The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under China's central bank, sets the benchmark parity rate on the morning of each business day. Spot rates may deviate 2 percent above or below the figure during the day. Editor: Emmi Laine

(Yicai Global) June 1 -- The People's Bank of China fixed the yuan's central parity rate against the US dollar at 7.1315, 1 basis point stronger for the redback from the previous trading day.

The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under China's central bank, sets the benchmark parity rate on the morning of each business day. Spot rates may deviate 2 percent above or below the figure during the day.

Editor: Emmi Laine

Jun 01 08:18 AM
Chinese Mainland Reports 16 Confirmed Covid-19 Cases
(Yicai Global) June 1 -- Chinese health authority said today that it received reports of 16 new confirmed Covid-19 cases yesterday, all of which were imported ones with 11 reported in Sichuan province, three in the Inner Mongolia Autonomous Region and two in Guangdong province. No deaths or new suspected cases were reported yesterday on the mainland, the National Health Commission said in a daily report. As of yesterday, the mainland had reported a total of 1,756 imported cases. Of the cases, 1,694 had been discharged from hospitals after recovery and 62 were being treated, the commission said. The commission said three people were discharged from hospitals after recovery yesterday and the number of severe cases remained three. The overall confirmed cases on the mainland had reached 83,017 by yesterday, including 76 patients who were still being treated, 78,307 people who had been discharged after recovery, and 4,634 people who died of the disease. The commission said three people, all arriving from abroad, were still suspected of being infected with the virus. It added that 4,723 close contacts were still under medical observation while 914 people were discharged from medical observation yesterday. Also yesterday, 16 new asymptomatic cases, including 13 from abroad, were reported on the mainland. The commission said 397 suspected asymptomatic cases, including 34 from overseas, were still under medical observation. By the end of yesterday, 1,084 confirmed cases had been reported in the Hong Kong Special Administrative Region (including four deaths), 45 in the Macau Special Administrative Region and 442 in Taiwan (including seven deaths). A total of 1,037 patients in Hong Kong, 45 in Macau and 423 in Taiwan have been discharged from hospital after recovery. Editor: Xia Ruirui

(Yicai Global) June 1 -- Chinese health authority said today that it received reports of 16 new confirmed Covid-19 cases yesterday, all of which were imported ones with 11 reported in Sichuan province, three in the Inner Mongolia Autonomous Region and two in Guangdong province.

No deaths or new suspected cases were reported yesterday on the mainland, the National Health Commission said in a daily report.

As of yesterday, the mainland had reported a total of 1,756 imported cases. Of the cases, 1,694 had been discharged from hospitals after recovery and 62 were being treated, the commission said.

The commission said three people were discharged from hospitals after recovery yesterday and the number of severe cases remained three.

The overall confirmed cases on the mainland had reached 83,017 by yesterday, including 76 patients who were still being treated, 78,307 people who had been discharged after recovery, and 4,634 people who died of the disease.

The commission said three people, all arriving from abroad, were still suspected of being infected with the virus.

It added that 4,723 close contacts were still under medical observation while 914 people were discharged from medical observation yesterday.

Also yesterday, 16 new asymptomatic cases, including 13 from abroad, were reported on the mainland. The commission said 397 suspected asymptomatic cases, including 34 from overseas, were still under medical observation.

By the end of yesterday, 1,084 confirmed cases had been reported in the Hong Kong Special Administrative Region (including four deaths), 45 in the Macau Special Administrative Region and 442 in Taiwan (including seven deaths).

A total of 1,037 patients in Hong Kong, 45 in Macau and 423 in Taiwan have been discharged from hospital after recovery.

Editor: Xia Ruirui

Jun 01 08:17 AM
Shanghai Logs No New Covid-19 Cases for Second Straight Day
(Yicai Global) June 1 -- Shanghai reported no new imported or domestically transmitted novel coronavirus cases yesterday, marking two days running in which the eastern metropolis' patient total stood at 672, the city's health commission said this morning. It also reported no asymptomatic cases under observation in the city as of yesterday. Among the confirmed 331 imported Covid-19 cases so far, seven patients are being treated and 324 have been discharged upon recovery, the commission said.. It added two suspected cases, also involving people who had recently been overseas, are undergoing further tests. Of the 341 local cases, seven have died, one is being treated and 333 patients have fully recovered and been released from hospital, the commission said.

(Yicai Global) June 1 -- Shanghai reported no new imported or domestically transmitted novel coronavirus cases yesterday, marking two days running in which the eastern metropolis' patient total stood at 672, the city's health commission said this morning.

It also reported no asymptomatic cases under observation in the city as of yesterday.

Among the confirmed 331 imported Covid-19 cases so far, seven patients are being treated and 324 have been discharged upon recovery, the commission said..

It added two suspected cases, also involving people who had recently been overseas, are undergoing further tests.

Of the 341 local cases, seven have died, one is being treated and 333 patients have fully recovered and been released from hospital, the commission said.

May 31 09:39 AM
Chinese Mainland Reports Two Confirmed Covid-19 Cases
(Yicai Global) May 31 -- Chinese health authority said today that it received reports of two new confirmed Covid-19 cases yesterday, both were imported and reported in Shandong province. No deaths or new suspected cases were reported yesterday on the mainland, the National Health Commission said in a daily report. As of yesterday, the mainland had reported a total of 1,740 imported cases. Of the cases, 1,692 had been discharged from hospitals after recovery and 48 were being treated, the commission said. The commission said two people were discharged from hospitals after recovery yesterday and the number of severe cases remained three. The overall confirmed cases on the mainland had reached 83,001 by yesterday, including 63 patients who were still being treated, 78,304 people who had been discharged after recovery, and 4,634 people who died of the disease. The commission said four people, all arriving from abroad, were still suspected of being infected with the virus. It added that 5,183 close contacts were still under medical observation while 565 people were discharged from medical observation yesterday. Also yesterday, three new asymptomatic cases, including one from abroad, were reported on the mainland. The commission said 389 suspected asymptomatic cases, including 25 from overseas, were still under medical observation. By the end of yesterday, 1,082 confirmed cases had been reported in the Hong Kong Special Administrative Region (including four deaths), 45 in the Macau Special Administrative Region and 442 in Taiwan (including seven deaths). A total of 1,036 patients in Hong Kong, 45 in Macau and 421 in Taiwan have been discharged from hospital after recovery. Editor: Xia Ruirui

(Yicai Global) May 31 -- Chinese health authority said today that it received reports of two new confirmed Covid-19 cases yesterday, both were imported and reported in Shandong province.

No deaths or new suspected cases were reported yesterday on the mainland, the National Health Commission said in a daily report.

As of yesterday, the mainland had reported a total of 1,740 imported cases. Of the cases, 1,692 had been discharged from hospitals after recovery and 48 were being treated, the commission said.

The commission said two people were discharged from hospitals after recovery yesterday and the number of severe cases remained three.

The overall confirmed cases on the mainland had reached 83,001 by yesterday, including 63 patients who were still being treated, 78,304 people who had been discharged after recovery, and 4,634 people who died of the disease.

The commission said four people, all arriving from abroad, were still suspected of being infected with the virus.

It added that 5,183 close contacts were still under medical observation while 565 people were discharged from medical observation yesterday.

Also yesterday, three new asymptomatic cases, including one from abroad, were reported on the mainland. The commission said 389 suspected asymptomatic cases, including 25 from overseas, were still under medical observation.

By the end of yesterday, 1,082 confirmed cases had been reported in the Hong Kong Special Administrative Region (including four deaths), 45 in the Macau Special Administrative Region and 442 in Taiwan (including seven deaths).

A total of 1,036 patients in Hong Kong, 45 in Macau and 421 in Taiwan have been discharged from hospital after recovery.

Editor: Xia Ruirui

May 31 09:38 AM
Shanghai Reports No New Covid-19 Cases
(Yicai Global) May 31 -- Shanghai reported no new imported or domestically transmitted novel coronavirus cases yesterday, with the eastern metropolis' total remaining 672, the city's health commission said this morning. It also reported no asymptomatic cases under observation in the city as of yesterday. Among the confirmed 331 imported Covid-19 cases so far, seven patients are being treated and 324 have been discharged upon recovery, the commission said.. It added three suspected cases, also involving people who had recently been overseas, are undergoing further tests. Of the 341 local cases, seven have died, one is being treated and 333 patients have fully recovered and been released from hospital, the commission said.

(Yicai Global) May 31 -- Shanghai reported no new imported or domestically transmitted novel coronavirus cases yesterday, with the eastern metropolis' total remaining 672, the city's health commission said this morning.

It also reported no asymptomatic cases under observation in the city as of yesterday.

Among the confirmed 331 imported Covid-19 cases so far, seven patients are being treated and 324 have been discharged upon recovery, the commission said..

It added three suspected cases, also involving people who had recently been overseas, are undergoing further tests.

Of the 341 local cases, seven have died, one is being treated and 333 patients have fully recovered and been released from hospital, the commission said.

Loading More