What is likely to be a bigger factor for China’s demand for imported metals – the ongoing release of copper, zinc and aluminium from strategic reserves or the weakening manufacturing outlook as …
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Shares slide after China brands online games ‘electronic drugs’
Shares in two of China’s biggest online gaming firms have slipped after a state media outlet called them “electronic drugs”. Tencent and NetEase shares fell more than 10% in early Hong Kong trade …
BGT Group’s IPO to debut on Shenzhen Stock Exchange
BGT Group (300774) to start trading on the Shenzhen ChiNext Market Aug 4, tomorrow. The firm has issued 40.88 mln shares priced at RMB 4.57 per share raising RMB 186.8 mln. Its price-to-earnings ratio …
Why China cracked down on education and upended a US$70 billion tutoring industry, with millions of jobs and students affected
Discourse and ideology need to be controlled by the central government’, and Beijing ‘aims to rectify education itself’, industry insider says.
China brands online games as ‘electronic drugs’
Shares in two of China’s biggest online gaming firms have slumped after a state media outlet called them “electronic drugs” and asked for more curbs on the industry.Tencent and NetEase shares fell by …
China engages Mongolia in flurry of talks in wake of US envoy Wendy Sherman
The meeting came the day after Chinese Foreign Minister Wang Yi met US deputy secretary of state Wendy Sherman, who stopped in Mongolia before meeting Wang. Mongolia’s foreign ministry said China …
Tencent Shares Dive After Chinese Media Brand Online Games ‘Spiritual Opium’
Tencent Holdings Ltd. dived as much as 10% Tuesday after an offshoot of China’s official news agency decried the “spiritual opium” and “electronic drugs” of games, stoking fears Beijing will next set …
Tesla rival Li Auto targets US$1.9 billion in Hong Kong IPO as Chinese electric car sales soar
The electric vehicle maker has set the maximum price of its Hong Kong initial public offering at HK$150 (US$19.29) per share, which would enable it to surpass its Nasdaq listing a year ago.
DAILY VOICE | Chinese companies’ IPO traffic may shift to Hong Kong from US, says Piyush Nagda of Prabhudas Lilladher
One of the direct beneficiaries of the Chinese crackdown will be the Indian startup space. Ed-tech and fintech companies that are not yet listed will gain more, says Nagda …
China is Cracking Down on Private Sector. This Could Trigger Political Instability
The crackdown could have a long-term impact on Chinese efforts to become a technology superpower riding on the back of innovation.
RPT-COLUMN-China’s copper appetite wanes just as US grows hungry: Andy Home
The opinions expressed here are those of the author, a columnist for Reuters.) LONDON, Aug 2 (Reuters) – China’s copper import surge has peaked. The country sucked in a record 4.67 million tonnes of …
Market Wrap: Bitcoin underperforms ether; crypto tax ahead?
Bitcoin dipped below $40K as traders digest proposed crypto taxes. Cryptocurrencies were mostly higher on Monday as bullish sentiment continues into August. Bitcoin underperformed other major …
China Huarong to sell stake in consumer finance unit, restructure trust business
China Huarong Asset Management Co Ltd 2799.HK said on Tuesday that it plans to sell a 70% stake in a consumer finance unit, and restructure its trust subsidiary, as the Chinese bad loan company seeks…
