A resurgence in real estate prices in Shanghai and Shenzhen has prompted authorities to rein in speculation, in line with the Chinese government’s resolve to keep the property market in check. ( read original story…
Monthly Archives For January 2021
China drives luxury brands
The rapid recovery in the Chinese economy has boosted luxury goods brands Compagnie Financière Richemont SA’s sales for the three months to end December. Though overall sales were only up 5% to €4.18 … (…
UPDATE 2-Chinese vaping firm RLX raises $1.4 bln in U.S. IPO – sources
Chinese vaping firm RLX Technology Inc sold shares in its U.S. initial public offering (IPO) on Thursday at $12 a piece, above its target range, to raise $1.4 billion, according to three sources with ……
Why State Aid Stirs Controversy From China to the EU
In theory, the system of free trade driving the world economy is supposed to provide a “level playing field” for all. In practice, countries have long complained that rivals unfairly dish out aid in ……
Oil prices fall as China’s surging COVID-19 cases trigger clampdowns
Oil prices dropped on Friday, retreating further from 11-month highs hit last week, weighed down by worries that new pandemic restrictions in China will curb fuel demand in the world’s biggest oil … ( read…
Pro-Beijing Hong Kong politicians to be vaccinated before city residents
Beijing politicians in Hong Kong is set to be vaccinated against Covid-19 in mainland China, ahead of the rest of the city’s population, in order to attend the Chinese Communist party’s premier … ( read…
China Sportswear Maker Peak Mulls A-Share IPO in 2022
Chinese athletic apparel producer Peak Sport Products Co. is planning an initial public offering of A-shares as soon as next year after delisting from Hong Kong’s stock exchange in 2016, according to … ( read…
Asian stocks sink after China coronavirus resurgence
Asian stock markets retreated Friday after a resurgence of coronavirus infections in China and a rise in cases in Southeast Asia. Shanghai, Hong Kong, Tokyo and … ( read original story …)
China imposes sanctions on Trump officials including Mike Pompeo
Beijing has imposed sanctions on several former Trump administration officials, including ex-US secretary of state Mike Pompeo, accusing them of having “seriously violated” China’s sovereignty. China … ( read original story …)
China Evergrande Soars After Redeeming $2 Billion Bond Early
China Evergrande Group shares have had their best start to a year since 2012 after the developer said it plans to redeem a $2 billion convertible bond early, passing a liquidity test as it looks…
China’s Top Financial Regulator Rejects ‘State Monopoly’ Criticism
China’s top financial regulator dismissed claims the nation is distorting its economy through “state monopoly capitalism” as pressure grows on China to … ( read original story …)
Free Crypto: Shenzhen Plans Third Digital Yuan Pilot, Giving Away $3 Million
Shenzhen will be continuing China’s digital yuan pilot program by issuing 20 million digital yuan (about $3.1 million) to citizens via a lottery. ( read original story …)
Pro-Beijing Hong Kong politicians to be vaccinated in mainland
Beijing’s politicians in Hong Kong is set to be vaccinated against Covid-19 in mainland China, ahead of the rest of the city’s population, in order to attend the Chinese Communist party’s premier … ( read…
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