For investors seeking momentum, Guggenheim China Technology ETF CQQQ is probably on radar now. The fund just hit a 52-week high, and is up roughly 81% from its 52-week low price of $34.90/share. But are…
Monthly Archives For November 2017
ADRs End Lower; Telecom Italia, China Unicom Trade Actively
International stocks trading in New York closed lower on Monday. The BNY Mellon index of American depositary receipts declined 0.4% to 149.02. The European index decreased 0.5% to 137.54. The Asian index eased 0.2% to…
China just made a historic move to open its financial system to the world
China took a major step toward the long-awaited opening of its financial system, saying it will remove foreign ownership limits on banks while allowing overseas firms to take majority stakes in local securities ventures, fund…
How to Make $90,000 in One Day From Hong Kong’s IPO ATM : Gadfly
How to make HK$700,000 ($90,000) in one day? It’s not as hard as you might think: More than 250 investors just did exactly that by buying into China Literature Ltd.’s initial public offering. IPOs are…
China’s facial recognition advances; becomes largest video surveillance network
If you cross the street in urban China these days, chances are you’re being watched. The country has built the world’s largest video surveillance network with tens of millions of cameras, and they are now…
China Mobile: Undervalued, But Lacking Momentum
China Mobile dominates the Chinese telecom sector, capturing more than 60% of the market share. Despite high upfront costs to shift to 4G LTE, free cash flow remains high. The stock currently lacks momentum and…
GM’s electric car sales will meet quotas by 2019, says China chief
BEIJING (Reuters) – General Motors Co’s China joint ventures will be able to generate enough new energy vehicle (NEV) sales volume to account for NEV production quotas by 2019 and without the need to buy…
Chinese Tourists Driving Southeast Asia’s Boosts In Infrastructure, Technology
China’s growing middle class is leveraging higher wages and the One Belt, One Road initiatives into the chance to explore Southeast Asia, and countries are scrambling to serve their incoming guests’ needs. Tourists from China…
China’s JD.com third-quarter revenue beat estimates
(Reuters) – JD.com Inc, China’s second largest e-commerce firm, reported a 39.2 percent rise in third-quarter revenue on Monday, beating analyst estimates, as the firm attracted more shoppers. The firm posted 83.75 billion yuan ($12.61…
How China plans to beat the U.S. at technology
HONG KONG (CNNMoney) – President Trump has made technology a key battleground in U.S. relations with China. He launched an investigation into alleged Chinese theft of U.S. intellectual property earlier this year. But some experts…
Teach For China Partners with Microsoft to Utilize Technology in Education in Rural China
BEIJING, Nov. 13, 2017 /PRNewswire/ — At the Microsoft Tech Summit 2017 on November 2, Teach For China (TFC) was featured in Karim Batthish’s – Vice President of Microsoft, Office 365 Program Management Director, technology…
China Information Technology, Inc. : China Information Technology, Inc to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / November 13, 2017 / China Information Technology, Inc (NASDAQ: CNIT) will be discussing their earnings results in their Q3 Earnings Call to be held on November 13, 2017 at…
Razer rallies 18pc in Hong Kong trading debut after US$528m IPO
China Literature, and Yixin Group. The company, run by Singapore entrepreneur Tan Min-Liang, its co-founder, CEO and executive director, will receive net proceeds from the IPO of HK$3.9 billion. “We feel excited about it [listing…