Chinese property stocks powered higher in mainland and Hong Kong stock markets, thanks to a barrage of measures from Beijing to stabilize the country’s struggling property market.
Monthly Archives For September 2024
Carote’s Hong Kong IPO Is Said to Have Drawn Hillhouse, Shunwei
Chinese kitchenware maker Carote Ltd., which is set to be the first company to list in Hong Kong since Midea Group Co.’s $4.6 billion debut, has drawn interest from investors including Hillhouse …
China holds state ceremony to commemorate fallen national heroes
Chinese President Xi Jinping and other Communist Party leaders took part in a ceremony in Beijing to honor the country’s fallen national heroes a day ahead of celebrations marking the 75th anniversary of the People’s…
Europe’s biggest automaker is in decline. Volkswagen issues second profit warning due to weak demand and fading relevance in China
Europe’s biggest automaker is in decline. Volkswagen issues second profit warning due to weak demand and fading relevance in China.
China’s factory activity contracts less than expected in Sep, shrinks for fifth straight month
China’s manufacturing activity slightly improved in September 2024 from August’s six-month low, surpassing expectations. However, services activity slowed, missing market forecasts and..
Editorial: China urged to promptly resume Japan seafood imports under new accord
The Chinese government has agreed to lift the complete ban on seafood imports from Japan, put into force following the discharge of treated radioactiv …
Chinese Stocks Notch Best Day Since 2008 After Beijing Adds to Stimulus Blitz
China said Sunday that it would allow home owners to refinance mortgages, the latest in a torrent of policy moves aimed at supporting the struggling economy and stock market. The new
Bucsa upsets Mertens in Beijing; makes first WTA 1000 Round of 16
Cristina Bucsa reached the last 16 of a WTA 1000 event for the first time in her career after upsetting No.24 seed Elise Mertens in three sets in the China Open third round. The result…
Analysis-Painful Policy Choices Loom After China’s ‘Monumental’ Consumer Stimulus Plan
Reuters reported last week that Beijing plans to issue sovereign bonds worth about 2 trillion yuan ($284 billion) this year, in part to subsidise consumer goods purchases and child support, …
Communist China is celebrating its 75th birthday and its stock market is soaring. But not everyone is in the party spirit
For much of the past year since China reopened to the world following the Covid-19 pandemic, a pall has hung over large swathes of the country as its economy struggles to regain momentum.
Treasurer Jim Chalmers says China stimulus moves ‘really welcome’
Federal Treasurer Jim Chalmers has welcomed major moves by China to stimulate its struggling economy, saying it could signal some much-needed relief to a key sector of Australia’s economy.
Osaka sets up Gauff ‘battle’ in Beijing, Sabalenka marches on
Naomi Osaka is braced for a “battle” after setting up a clash Monday with Coco Gauff in the China Open last 16 while top seed Aryna Sabalenka also marched on.Current US Open champion Sabalenka was…
Beijing pledges further boosts to ETF industry
Over the past 12 months, China’s “national team” of sovereign wealth funds, most prominently Central Huijin Investment, have ploughed billions of renminbi into broad-based ETF tracking the CSI 300 Index in a bid to boost…
