Harry Potter fans came dressed as wizards as Universal Studios opened its first theme park in China on Monday under anti-virus controls, The Hollywood studio’s “Jurassic Park,” “Kung Fu Panda” and …
Monthly Archives For September 2021
China wealth plans threaten European luxury stocks’ post-COVID boom
China’s stuttering economic recovery and plans to redistribute wealth threaten to derail Europe’s booming luxury sector, leaving many investors apprehensive about buying the stocks even after their …
Dow futures drop 300 points as China property fears grow
How are stock futures trading? Dow Jones Industrial Average futures YM00 dropped nearly 400 points, or 1.1%, to 34,064 ; S&P 500 futures ES00 fell 40 points, or 0.9%, to 4,382 ; N …
The week in review: Beijing sets cap on banks’ overseas lending
The PBoC and the State Administration of Foreign Exchange (Safe) have drafted new regulations for banks’ overseas loans businesses. They are taking public feedback until October 3. The rules will be …
Shanghai’s Financial Industry – Policy Measures for Developing a Global Financial Center
Shanghai has released new policy measures aimed at further liberalizing and opening up Shanghai’s financial industry over the next five years.
Embattled China property giant sparks economy fears
Chinese company Evergrande has started to repay investors in its wealth management business with property, as the world’s most indebted real estate developer faces a key test this week.Major banks …
With Three-Fourth Of Household Wealth In China Locked Up In Housing, Implosion Of Real Estate Giant Evergrande Sparks Fear Of Financial Contagion
Evergrande, China’s second-largest real estate company with $110 billion in sales last year, is by some estimates the most indebted property group in the world. The real estate developer is faced with …
China Evergrande shares dive to 11-year low as default risks grow
“at-above-post addthis_tool” data-url=” KONG (Reuters) -Shares of Evergrande on Monday plunged to over 11-year lows, extending losses as executives try to salvage its business prospects and as default …
Are Hong Kong Property Tycoons China’s Next Target?
The territory’s red-hot real estate market has been a driver of social unrest. It’s only a matter of time before Beijing targets the sector under its common prosperity campaign.
Election of single opposition candidate Tik Chi-yuen proves Hong Kong democracy, says Beijing
The election of a sole opposition candidate to Hong Kong’s powerful election committee has been held up by Beijing as proof that the territory’s democracy is fl …
ZTE wins China Mobile section 4 router procurement selection
ZTE Corporation announced that it has secured 50% of section 4 of China Mobile’s high-end router and switch centralised procurement 2021-2022 and will supply the routers ZXR10 M6000-18 S and ZXR10 …
China’s clean marine fuel exports dip, teapot demand bolsters imports
China’s exports of clean marine bunker, or very low-sulphur fuel oil (VLSFO), dipped 2% in August from a year-ago period, customs data showed on Monday. SINGAPORE, Sept 20 (Reuters) – China’s exports …
China import softwood lumber price soar 37.4% in August 2021
China’s imports of softwood lumber declined 15.8% year-on-year to 7,431.7 thousand m3. According to Lesprom Analytics, the value of imports soared 15.7% to $1,735.2 million. Average price of softwood …
