China’s government tried Wednesday to reassure jittery investors by promising support for its struggling real estate industry, internet companies and entrepreneurs after regulatory crackdowns caused s …
Monthly Archives For March 2022
Reeling from China’s crackdown, Alibaba and Tencent readying big job cuts-sources
Alibaba Group and Tencent Holdings are preparing to cut tens of thousands of jobs combined this year in one of their biggest layoff rounds as the internet firms try to cope with China’s sweeping …
Foxconn partly restarts Shenzhen iPhone hub hit by Covid-19 lockdown
It was allowed to resume business after adopting a “closed loop” system across its campuses. . Read more at straitstimes.com.
No disruptions yet due to China COVID situation; terminals around Shenzhen working: Container Shipping Assoc
Shenzen has been hit badly by COVID-19 cases and the zero-tolerance approach adopted by China could translate to supply disruptions. However, speaking to CNBC-TV18, Sunil K. Vaswani of the Container …
China says it will support Chinese IPOs abroad, calls for closure on tech crackdown
China signaled support for Chinese stocks on Wednesday, after days of worries about U.S. delisting risks had sent the stocks plunging in New York and Hong Kong.
Aussie jumps on China stimulus hopes; dollar near five-year peak to yen before Fed
The Australian dollar jumped on Wednesday after comments from a senior Chinese official boosted hopes for more stimulus, while the U.S. dollar traded near a five-year high against the yen with markets …
Alibaba and JD.com soar as China pledges to support markets
Chinese- and Hong Kong-listed stocks soared on Wednesday after China’s government pledged to support beleaguered markets.
China stocks surge after huge sell-off
Stocks in China and Hong Kong have surged after Vice Premier Liu He said Beijing will roll out more measures to boost the Chinese economy.
China tech rout: views diverge on market purge of ‘uninvestable’ stocks as ‘fear feeds on itself’
Investors face a roller-coaster ride as Chinese tech stocks rebounded amid speculation China will step in to help instil confidence Views diverge among money managers and seasoned China analysts in …
China stocks surge on promise of favourable policies for economy, capital markets
Stocks in China and Hong Kong surged on Wednesday afternoon after Vice Premier Liu He said Beijing will roll out more measures to boost the Chinese economy as well as favourable policy steps for …
Hang Seng, China Stocks Soar as Beijing Pledges Support Amid Equity Rout
Crypto remains stable, though liquidity thin, as markets in Hong Kong climb out from the worst slump since the 2008 recession.
Hong Kong shares soar 9% on China pledge to support economy
Hong Kong’s share benchmark, the Hang Seng index, soared 9% on Wednesday after a senior Chinese official said Beijing would provide more support for the slowing Chinese economy. The surge was a …
Foxconn Partly Restarts Shenzhen iPhone Hub Hit by Lockdowns
Foxconn Technology Group has resumed partial operations and production at its two Shenzhen campuses, one of which makes iPhones, after adopting measures to curtail the potential spread of Covid.
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