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Apple’s sales in China to take a hit with sales ban amid Qualcomm fight

Business

Markets

IoT fleet management startup G7 raises USD 320 mln

Business

GoPro to shift production out of China

Economy

Business

Volkswagen’s Chinese JV to construct R&D center for NEV in Anhui

Business

TMT

BNP Paribas China obtains license to underwrite panda bonds

Business

Bond

Tencent Music raises USD 1.1 bln in U.S. IPO

Tencent Music Entertainment, the music streaming unit of Tencent Holdings, has priced its U.S. IPO at the bottom of its targeted price range of USD 13 per share, raising close to USD 1.1 billion in the process.

Business · Sports & Entertainment · Equity CKN

2018/12/12 02:36:33

110

China and France to strengthen financial regulatory cooperation

China and France have signed an agreement on bilateral financial regulatory cooperation during the sixth High-Level Economic and Financial Dialogue, according to the statement released by the Chinese Securities Regulatory Commission (CSRC), yesterday.

Govt · Finance CKN

2018/12/12 02:06:44

144

Tencent partners with Fiat Chrysler Automobiles to build internet-connected vehicle cloud platform

China's tech giant Tencent Holdings and Fiat Chrysler Automobiles (FCA) China have entered a strategic partnership to build a next-gen Internet-connected vehicle (ICV) cloud platform in China, to bring more smart mobility services to owners of FCA China's vehicles.

Business · TMT CKN

2018/12/11 09:42:27

741

Fall, Fall and Fall: What Happened to Bitcoin These Days?

As a newly spouted thing, bitcoin has sustained its rapid development, stimulating industry investors' adrenal hormone. Killed or favored by so many countries, bitcoin derived investors puzzled as well as thrilled. The highly controversial bitcoin, once again, has faced several slumps. Will cryptocurrency become an effective means of hedge? No matter what the answer is, it has been severely hit now. In just 7 days, price of bitcoin has fallen by over 1,700 dollars, down 30%.

Liu Yongxuan

Macro · TMT

2018/12/11 01:55:43

822

China targets 216 new airports by 2035

China aims to build 216 new airports by 2035 and develop more regional transport hubs, according to the country's civil aviation authorities. As of end October, there were 234 civil airports in China with the number expected to reach 450 by 2035.

Macro CKN

2018/12/11 09:21:57

567

Zhejiang local govt invests USD 17.3 bln to support innovation and technology

China's private business hub, Zhejiang Province, has pledged to spend a total of USD 17.3 billion over the next five years for the advancement of technology and innovation, according to a statement released by the local authorities yesterday.

Govt · TMT CKN

2018/12/11 07:52:57

781

China’s civil aviation determined to become global industry leader by 2025

The Civil Aviation Administration of China (CAAC) has expressed its determination to promote country's civil aviation industry to one of the best in the world by 2025. The CAAC expressed such desire in its new action plan, which was released yesterday. ?

Macro CKN

2018/12/11 07:30:42

671

China’s overseas oil and gas acquisitions fall to decade-low

China's overseas oil and gas acquisitions have fallen to a decade-low due to volatile oil prices and geopolitical headwinds making it difficult for companies to complete deals.

Macro · Markets CKN

2018/12/11 06:40:52

760

Energy supply-side structural reform and demand-side response, two focuses of energy transformation

Changes in China’s energy consumption and production, arising from energy supply-side reforms, are crucial components which will shape the structural adjustment of the country's energy field. These changes are also important for the medium and long-term development of energy in China. Additionally, from the point of view of energy resources and environmental protection, the changes in energy structure will entail reforms in means of energy production.

Nie Guanghui

Utilities

2018/11/28 11:03:26

3,211

Airbus and China Mobile cooperate to develop in-flight wi-fi

European aerospace giant Airbus Group has signed an agreement with Chinese telco China Mobile to develop in-flight wi-fi services to meet increasing demand for in-air connectivity.

Business · TMT · Commercial & Professional Services CKN

2018/12/11 06:36:43

639

China plans upgrading charging infrastructure to promote NEV industry

China is planning to make significant improvement in its charging technologies and facilities over the next three years to further develop its new energy vehicle (NEV) industry. The country will encourage business model innovations and off supportive policies to expand its network of charging stations.

Manufacturing · Transportation CKN

2018/12/11 04:32:35

592

Tencent to assist S.Korea’s Jeju province’s digital upgradation

Tencent has signed a memorandum of cooperation with South Korea’s Jeju province, earlier today. The two sides will promote comprehensive cooperation between traditional industries of Jeju and WeChat payment to accelerate the digital upgrading of local industries and enhance the experience of Chinese tourists. According to the agreement, Tencent will also provide advisory services to Jeju’s administration for the construction of smart city, and promote the participation of local IT enterprises with relevant technologies in the province to promote the digital construction capacity of the local market.

Business CKN

2018/12/10 09:43:57

1,199

China assigns its three major telecom operators 5G development frequency bands

The Chinese government has assigned specific low and medium frequency bands to the country’s three major telecom companies, China Mobile, China Unicom and China Telecom to speed up the development of the nation’s 5G networks.

Policy CKN

2018/12/10 09:40:32

1,216

China’s CPI falls by 0.3 percentage points to 2.2% in November

China’s consumer price index (CPI) which measures inflation rose by 2.2% YoY in November, falling compared to the 2.5% in October. The producer price index (PPI) which measures factory-gate prices increased to 2.7% YoY in November compared to 2.5% in October.

Macro CKN

2018/12/10 09:16:48

1,126

Japan to stop its govt from purchasing Huawei or ZTE equipment

Japan has plans to ban government purchases of equipment from China’s Huawei and ZTE Corp as the country strengthens its defenses against intelligence leaks and cyberattacks.

Business CKN

2018/12/10 09:13:54

795

Cinema chain SMI Holdings starts closing theatres as it faces massive cashflow problems

Chinese cinema chain SMI Holdings Group is now shutting down its theatres as it struggles with cash flow problems after a multi-year rapid expansion plan.

Business CKN

2018/12/10 09:11:51

1,138

Baidu’s Robin Li named among the top 10 AI global leaders

Harvard Business Review has released the list of "ten most important AI leaders in the world", and China’s tech giant Baidu’s founder Robin Li is the only Chinese to be ranked among the global artificial intelligence (AI) leaders.

Business CKN

2018/12/10 08:21:09

1,133

Megvii targets USD 500 mln funding round at a valuation of USD 3.5 bln

Chinese artificial intelligence firm Megvii Inc., more commonly known as Face++, is looking to raise USD 500 million for its latest funding round at a valuation of USD 3.5 billion.

Business CKN

2018/12/10 07:18:04

1,053

News Flash

Shanghai Composite Index closes at 2,599.16, up 0.20%, with turnover of RMB 49.8 bln. Shenzhen Component Index closes at 7,686.57, up 0.02%, with turnover of RMB 79.6 bln. The ChiNext Index closes at 1,337.47, down 0.05%, with turnover of RMB 25.7 bln

2018/12/12 03:34:00

Asset Management Association of China: As of the end of November, the number of registered private equity fund managers reached 24,418, an increase of 151 from last month's stock institutions, up 0.62%; the number of registered private equity funds amounted to 75,220, an increase of 241, up 0.32%

2018/12/12 03:24:16

China's O/N Shibor rate down 3.9 bps to 2.4240%, 7D Shibor rate up 0.2 bps to 2.6260%, 3M Shibor rate up 0.2 bps to 3.1470%

2018/12/12 03:08:46

Lin Zhengyue, Chief Executive of Hong Kong, is considering to amend regulations to allow the establishment of a special purpose company for the issuance of Insurance-Linked Securities (ILS) in Hong Kong, and to provide high value-added protection and tax relief for marine insurance

2018/12/12 03:04:11

China automobile association: China's auto sales may fall 3% this year, and are not expected to continue to fall next year. U.S. withdrawal from the Iran nuclear deal has hit Chinese auto makers' exports to Iran

2018/12/12 02:30:10

China Securities Depository and Clearing Corporation Limited (CSDC): The number of new investors in the securities market last week was 222,800, a decrease of 5.43% MoM, with a previous value of 235,600

2018/12/12 02:29:18

China's new yuan loans in November were RMB 1.25 trln, with an expectation of RMB1.12 trln, and a previous value of RMB 679 bln; M2 had a YoY increase of 8%, with an expectation of 8%, and a previous value of 8%; social financing scale had an increase of RMB 1.52 trln, with an expectation of RMB 1.33 trln, and a previous value of RMB 728.8 bln

2018/12/12 02:28:31

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