Former China Everbright chairman Li Xiaopeng was also expelled from the Communist Party in the anti-corruption drive.
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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 …
China State Fund Buys Bank Shares, Fueling Rescue Hopes
China’s sovereign wealth fund increased its stake in the nation’s biggest banks for the first time since 2015, stoking speculation authorities will intensify efforts to prop up the sinking stock …
China’s ‘Big Four’ banks rally after state wealth fund boosts stake
China’s sovereign wealth fund, Central Huijin Investment, increased its stake in four of the country’s biggest banks late Wednesday in what is seen as a move to renew confidence in its stock market.
China’s GDP expected to grow at around 4% in Q3
China’s GDP is expected to grow 4.1 percent year-on-year in the third quarter of this year, Securities Daily reported on Thursday. The Chinese economy has shown a trend of stabilization and recovery, …
Gov’t working to verify speculation over China’s forced repatriation of N. Korean defectors
There are growing concerns over China’s forced repatriation of such refugees, as North Korea started to reopen its border in August after it imposed strict COVID-19 lockdowns in early 2020. The …
China’s appetite for U.S. IPOs shows little sign of roaring back
Seventeen Chinese companies raising a total of $405 million made their debut on U.S. exchanges this year, according to data through Oct. 4 from IPO research firm Renaissance Capital. That is already …