The shares price ended the day at RMB 61.1, soaring 117% from its issue price. Its intraday high and low were RMB 68.8 and RMB 52.33, respectively. A total of 12 mln shares changed hands…
Monthly Archives For December 2021
Chinese Central Bank Slashes Main Interest Rate Amidst Economic Pressure
On Dec. 20, the People’s Bank Of China (PBOC) announced a five-basis point cut in its one-year Loan Prime Rate (LPR), taking it from 3.85 percent to 3.80 …
Banking veterans back China-focused tech start-up
Lord Rothschild and Sir Simon Robey are among investors in the new company that invests in Chinese and Korean tech firms …
Biden Signs Bill Banning Imports Made By Forced Uyghur Labor In China
President Joe Biden signed a bill into law on Thursday that will ban the import of all goods produced by ethnic Uyghurs living in internment camps in China, in the latest move by the U.S.…
U.S. bans imports from China’s Xinjiang region, citing human rights abuses
Washington has previously warned businesses with supply chain and investment ties to China’s Xinjiang province that they could face legal consequences.
SenseTime’s Hong Kong IPO oversubscribed, minus American investors after US sanctions
The quick relaunch and the oversubscription proves the resilience of Hong Kong’s IPO market when it’s faced with US sanctions, Hong Kong’s brokers said.
Biden signs historic bill punishing China for Uyghur genocide
President Biden signed a bill Thursday banning imports from China’s Xinjiang region and punishing the Chinese government for its genocide of Uyghurs and other ethnic minorities, per a White House …
Biden signs bill to clamp down on products from China’s Xinjiang
The bill, which received final congressional approval on Dec. 16, is part of Washington’s pushback against Beijing’s treatment of China’s Uyghur Muslim minority. Congress pushed through the measure …
U.S. Effort to Combat Forced Labor Targets Corporate China Ties
The Biden administration is expected to face scrutiny as it decides how to enforce a new ban on products made with forced labor in the Xinjiang region of China.
Harvard professor’s conviction brings scrutiny of China Initiative
After Harvard Professor Charles Lieber became the first academic convicted at trial under the Justice Department’s China Initiative, the former prosecutor who brought the case said the government …
Intel’s apology underlines China dilemma
U.S. chipmaker Intel is the latest multinational company to struggle with the geopolitics of doing business in China. The $207 billion technology group had to say sorry to defuse a social media …
Hong Kong to let MPF invest in China sovereign, policy bank bonds
Hong Kong will allow the Mandatory Provident Fund to invest in China’s sovereign and policy bank bonds. Each of the roughly 320 MPF funds will be able to allocate up to 30% of their total…
China’s Economic Growth Likely To Face A Downturn In 2022, Says World Bank
China: According to World Bank, China’s GDP is expected to expand by 8 per cent this year, a figure that is lower compared to the previous year’s forecast.
