China has told its securities firms and their offshore units to stop conducting illicit cross-border business, including brokering shares and selling funds to domestic investors, in a bid to plug …
Featured Posts Title
Hands-on with the Honor Magic8 Pro camera in Shenzhen, China
China buys more Brazil soybeans as US purchases stall
China-Held Territory in Range of US Ally’s New Anti-Ship Missiles
Shenzhen Expressway Co Engages in Strategic Financial Transactions
Guangdong leads China with more than 20m market entities
Video shows collapse of newly built bridge in China
Nearly 2,500 foot long bridge collapses in China
Recent Posts
China Bans Its Brokers From Illicit Cross-Border Equity Business
Scale, solid supply chain of China’s manufacturing a huge advantage
“Given the complete category and steady supply chain, China’s manufacturing sector has a strong risk-resistance capacity,” said Tom Van der Heyden, a professor from a European business college, adding …
China Pledges to Bolster Social Safety Net amid Economic Struggles
In a bid to address rising economic concerns stemming from the ongoing Covid-19 pandemic, the Chinese government has pledged to fortify the social safety net for low-income groups. The government’s …
Shareholders Defeat Imax Bid to Buy up China Subsidiary, Shares Wobble
The Hong Kong-listed shares of Imax China wobbled in reaction to the defeat of a buyout proposal that would have seen the Canadian parent company Imax Corp. take outright control. Imax Corp. already …
Beijing fund buys China bank shares in show of support for stock market
The state-controlled Central Huijin fund invested more than Rmb477mn ($63mn) in China Construction Bank, Industrial and Commercial Bank of China, Agricultural Bank of China and Bank of China. Shares …
Ex-boss of China banking giant arrested for taking bribes
Former China Everbright chairman Li Xiaopeng was also expelled from the Communist Party in the anti-corruption drive.
China’s timid bank buying sends rescue signals
China is responding. Economists and fund managers have been lobbying for Beijing to buy stocks directly to prop up the country’s equity markets which has been slammed by outflows. The call was partly …
US sanctions to hinder SenseTime’s automotive business growth
China-based image recognition technology company SenseTime is ramping up its automotive sales as self-driving develops. The effort is critical to SenseTime because China’s sluggish real-estate market …
Luyuan, Shiyuan Daotian Rise in Hong Kong Debut Amid Hopes for IPO Market’s Recovery
By Sherry Qin Shares of Luyuan Group Holding and Shiyue Daotian Group rose on their debut on the Hong Kong Stock Exchange amid hopes the market for …
Rain Li: Redefining Beauty Standards in Shenzhen Fashion Week
Popular celebrity Rain Li, aged 39, recently made headlines with her appearance at Shenzhen Fashion Week. Known for her evolving appearance and refined facial features, Li’s latest social media update …
Exclusive-China bars brokerages from accepting new mainland clients for offshore trading, say sources
China has for the first time issued a notice prohibiting domestic brokerages and their overseas units from taking on new mainland clients for offshore trading, according to an official document seen …
Huawei is Planning to Leap Ahead in the Connectivity Race with 5.5G Networks
While the world is still warming up to 5G technology, Huawei Technologies is already setting sights on the next leap with the introduction of 5.5G networks. Announced in a grand ceremony in Dubai, …
Chinese Bank Stocks Gain After State Fund Raises Stakes — Update
By P.R. Venkat Chinese bank stocks rose after a state fund raised its stakes in the country’s four biggest banks, boosting hopes that Beijing will step …