Faltering profits and competition from Singapore have pushed the bourse to tailor bespoke rules for non-profitable tech companies …
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The big reveal: Xi set to introduce China’s next standing committee
Xi Jinping will preside over the most dramatic moment of the Communist Party’s twice-a-decade congress on Sunday.
Oil Rises On Tight Supplies, China Possibly Easing Covid Curbs
Oil prices rose by more than $1 on Thursday in response to tighter supplies and on news that China is considering a cut in the duration of quaran …
Tech war: sole semiconductor sector delegate at 20th Communist Party congress pushes for China’s own industrial IT system
Hu Weiwu, founder of Chinese chip design firm Loongson, said the country has no control under the existing industrial information technology system His call for increased technology self-reliance …
Could a $1 bubble tea brand from China be poised to take over the world?
Mixue Bingcheng Co. Ltd. (MXBC), a Chinese ice cream and tea franchise that sells $1 bubble teas, has outgrown its rivals and become the top bubble tea brand in China. MXBC, which is represented by…
Did China “Destroy” Globalization?
Globalization arrived as a giant paradoxical force that created enormous wealth (particularly for those with stock portfolios), brought millions of developing-world citizens out of poverty, but in the …
New US sanctions see semiconductor suppliers halt business with China to ‘protect U.S. national security’
US-based equipment suppliers have to cease all business with Chinese semiconductor companies. The move forces Chinese chip m …
Oil rises on China possibly easing COVID curbs
Oil prices rose by more than 1% on Thursday on news China is considering easing COVID-19 quarantine measures for visitors, boosting hopes for increased energy demand in the world’s top oil importer.
L’Oreal posts brisk sales rise despite disruptions in China
Cosmetics group L’Oreal posted robust sales growth over the third quarter, lifted by brisk demand in Europe and the United States, which helped offset disruptions in China due to COVID-19 restrictions …
New Gucci head in China to lay out strategy soon to revive sales
Gucci’s new chief in China will lay out his strategy to revive the label’s sales in the key Asian market in the next few weeks, the finance chief of parent company Kering said on Thursday.
China’s US$3.5 trillion stock sell-off seen nearing end, as share buy-backs, buying by fund managers indicate recovery
Indicators such as share buy-backs, buying by fund managers and attractive valuations hint that the worst may be over for mainland-listed stocks.
Kweichow Moutai is beating China’s covid hangover
For Kweichow Moutai, the episode barely registered. The devastating lockdown in its home province notwithstanding, on October 16th the company reported net profits of 44bn yuan ($6.2bn) in the first …
Currency/China ADR Weakness As Hong Kong Sees Massive Buying From Mainland Investors
BEKE’s 1-year average volume is almost 14mm shares, so this was a significant sale leading to speculation that an asset manager was forced to sell or have redemptions leading to potential future sales …
