China’s Industrial Profits Slows for the Sixth Month in August
(NBS) China’s industrial profits eased to a 10.1% annual growth to reach 680.2 billion yuan or $105 billion in August, down from 16.4% expansion in the year to July. In…
China’s Central Bank, State Agencies Set Up “Coordination Mechanism” To Battle Crypto
(CoinTelegraph) The Chinese government is intensifying a crackdown on the crypto industry as state authorities are galvanizing forces to combat crypto operations in the country. The People’s Bank of China…
China’s Revised Gambling Laws Sees Macau Casinos Crumble $18.4 Billion in Value
(Bloomberg) Macau’s big companies in the gambling sector lost a record $18.4 billion of combined market value following China’s revision of gambling laws. The new regulations require more sector’s stake…
China’s Cash-Strapped Evergrande to Suspend Bank Interest Repayments Next Week
(Bloomberg) China has warned lenders to cash-strapped developer Evergrande Group not to expect interest payments due on September 20 as massive debt restructuring looms. Fig: Evergrande’s Dollar Bonds The warnings,…
China to Tap Its Strategic Oil Reserves on September 24 to Tame Prices
(Bloomberg) China targets an initial auction of as much as 7.38 million barrels of crude on September 24, the first sale of its kind seeking to lower prices. The sale…
China’s Property Sector Cools Amid Tighter Regulations
(NBS) China’s new annual home prices grew at the slowest pace in August since January, following tighter regulations. Property investment grew the slowest in 18 months. The average new home…
China Encourages EV Restructuring and Mergers as it Vows to Consolidate the Sector
(Bloomberg) China has said it will consolidate its electric vehicle industry, which is already seeing the mushrooming of so many players. The regulators are encouraging industrial mergers and restructuring to…
China Issues a New Directive That Restricts Tech Giants From Blocking Rival’s Links
(Reuters) Beijing hit tech giants on Monday with a fresh regulatory move that requires them to stop blocking each other’s links on their platforms. China’s Ministry of Industry and Information…
Soho China Sheds 36% after $3 Billion Buy Talks With Blackstone Falter
(Market Screener) Shares of China’s real estate developer Soho plunged as much as 35% on Monday in Hong Kong after a $3 billion purchase talks by Blackstone Group collapsed. Soho…
China’s Producer Prices Jumps by 9.5% Despite State’s Intervention to Control Prices
(National Bureau of Statistics) China’s producer price index rose by 9.5% in August from last year, more than expected and July’s 9.0% gain. The increase was the fastest in 13…
Central Bank of China’s Stance on Monetary Policy Generates Market Optimism
(Reuters) China’s Central Bank stated that it was maintaining its monetary policy and that there was no shortage in the base money has cooled near-term market expectations. The statement by…
Share Buybacks by Tencent Boosts Chinese Tech Stocks to a Monthly High
(Bloomberg) China’s Hang Seng Tech Index rose 1.6% on Tuesday, the highest since late July after Tencent Holdings boosted market sentiment in a fresh round of share buybacks. Tencent bought…
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