Morgan Stanley downgraded shares of China Mobile by two notches saying that long-term returns are likely to suffer as a steep-and-long 5G spending cycle plays out. “We expect 5G capex to commence in 2019 with…
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Recent Posts
China Mobile Downgrade: “Significant Deterioration” Ahead
Cubic Telecom, China Mobile, Valid to deliver LTE connectivity enablement
Cubic Telecom, China Mobile, and Valid have partnered to deliver LTE Connectivity Enablement to global IoT customers in China, the companies said. This partnership provides eSIM technology, making LTE connectivity and subscription management easier for…
China Mobile Rating Cut at Morgan Stanley
China Mobile LTD. shares were down 2% to $51.90 in early afternoon trading Wednesday after analysts at Morgan Stanley reduced the company’s rating by two notches to “underweight” from “overweight” with a price target of…
China fears cyberattacks designed to steal coveted technology, envoy says
OTTAWA – China fears cyberattacks because it is creating cutting-edge technology that others will want to steal, says its envoy to Canada, a rebuttal of the widely held view that the country is a leader…
Chinese developer buys stake in China Sports to tap sports facility sector
China Aoyuan Property said it has offered to pay 3.3 billion yuan (US$485 million) for an estimated 22 per cent stake of China Sports Industry Group , in a bid to tap into the country’s…
China fears cyberattacks designed to steal coveted technology, envoy to Canada says
OTTAWA – China fears cyberattacks because it is creating cutting-edge technology that others will want to steal, says its envoy to Canada, a rebuttal of the widely held view that the country is a leader…
Fitch Assigns Beijing Capital Group’s Notes Final ‘BBB’ Rating
The notes are unconditionally and irrevocably guaranteed by International Financial Center Property Ltd., a wholly owned subsidiary of Beijing Capital Land Ltd. (BCL; BB+/Stable), which is in turn a 54.5% directly owned listed subsidiary of…
The Latest: China hopes for trade consensus with US at G20
A Chinese finance official says he hopes Washington and Beijing will be able to bridge gaps over trade at the Group of 20 meetings in Hamburg. Zhu Guangyao, a Chinese deputy finance minister, told reporters…
China Unicom’s Ivory Tower
China Unicom (Hong Kong) Ltd.’s painful 4 percent tumble on Wednesday is a crude reminder of the dangers of trading on reform hopes. The catalyst for the stock’s biggest drop in more than two months…
BRIEF-Bank Of Beijing to pay A shares annual div for FY 2016 on July 12
July 6 Bank Of Beijing Co Ltd : * Says it will pay cash dividend of 0.25 yuan(before tax)/share and use additional paid-in capital to distribute 0.2 new shares/share for 2016 to shareholders of record…
China’s central bank continues to suspend cash injections
BEIJING, July 6 (Xinhua) — China’s central bank Thursday suspended open market operations for a tenth trading day in a row, citing a relatively high level of liquidity in the banking system. With 70 billion…
China’s new bond connect won’t ruin interest in mainland equities: EY
The newly-launched bond connect will not outshine Chinese equities, as there’s enough interest and money for both, EY said China has been accelerating listings to reduce a backlog of IPOs and was expected to continue…
Chinese overseas property purchases crash through US$100b barrier in 2016
“Up to half of this new investment could go to property.” China last year surpassed Singapore as the largest source of Asian capital in the global real estate market for the first time, accounting for…
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