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Foreign investments into China’s bond market expected to be between RMB 800 bln to RMB 1 trln this year

Bond

New guidelines for financial support to private firms introduced

Policy

Ant Financial acquires London-based WorldFirst to support its overseas expansion

Business

US investments in China double this year in January

Data

Hikvision’s profit growth slows to 10 year-low as it faces increasing resistance overseas

Business

Didi Chuxing to cut up to 2,000 jobs following safety concerns in China

Ride hailing giant Didi Chuxing has announced that it will be cutting up to 2,000 jobs, making it one of the largest layoffs in the Chinese technology sector in recent years.

Business CKN

2019/02/15 06:53:57

1,108

Vivo prepares to target premium smartphone segment with new iQOO brand

Smartphone giant Vivo will be introducing a new phone brand called iQOO which will be targeted at the premium end of the smartphone market.

Business CKN

2019/02/14 08:01:08

1,927

China’s coal plants are nearly as clean as its gas plants after being outfitted with emissions reducing technology

A to the Chinese government this week, three quarters of the country’s coal power generation plants have been fitted with emission-reducing technology to make them among the world’s cleanest coal plants.

Business CKN

2019/02/14 06:41:17

1,564

Pakistan-Afghanistan-China trilateral trade to boost economy, promote peace and stability

The recent conflicts in Afghanistan, and its stagnant economy has undermined the potential role it can play in the regional development. However, through economic cooperation and boosting regional trade, the neighbours of Afghanistan could inject vitality and stabilize its economy.

Taimur Khan

Policy

2019/01/10 09:20:18

3,111

Beijing Orient Landscape’s late interest payment sparks investor concerns over China’s debt market health

Beijing Orient Landscape and Environment Co has made a RMB 30 million interest payment a day late yesterday, sparking concerns over the financial health of the company and that of the country’s corporate sector at large.

Business CKN

2019/02/14 04:32:35

2,055

China Eastern looks to take logistics arm public to speed up its mixed-ownership reform

Eastern Air Logistics, a subsidiary of China Eastern Airlines is undergoing pre-listing preparations as the company looks to go public on the Shanghai Stock Exchange to accelerate its parent company’s mixed-ownership reform.

Business CKN

2019/02/14 04:15:56

1,328

US dollar-denominated offshore Chinese bonds turning out to be attractive investments

More fixed income fund managers are now looking towards US dollar bonds issued by Chinese companies outside the mainland market as yields on these bonds steadily increase due to rate hikes by the Federal Reserve over the years.

Bond CKN

2019/02/14 03:20:10

1,929

Increased spending on training and safety puts a dent on Didi’s bottom line

Chinese ride-hailing giant Didi Chuxing has reported losses of up to RMB 10.9 billion for the fiscal year of 2018 after incurring increased costs from the training and recruitment of skilled drivers.

Business CKN

2019/02/14 02:55:16

1,347

A closer look at China’s stock market

At the China International Import Expo (CIIE) this year, President Xi Jinping reasserted his pledge to continue opening up China’s financial markets to foreign investors and firms. In response, the country’s authorities have undertaken several measures towards this end.

CKN

Macro

2019/01/03 10:09:55

5,449

China’s NDRC to reassess bonds as defaults surge in the country

China’s National Development and Reform Commission (NDRC) which also oversees bond issuances by the country’s largest state-owned enterprises and some large property companies has now launched a countrywide campaign to inspect corporate bonds and reassess their risks as more companies run into debt repayment difficulties.

Govt CKN

2019/02/14 02:51:20

1,933

Greenland Holdings outperformed despite market weakness, position to ride on property upturn

China’s Greenland Holdings (600606) has seen its share price moved up by about 10% since the turn of the year of RMB 6.06 to its closing today at RMB 6.63. Considering the company operates in the real estate sector, developing and selling residential properties and office buildings, this increase comes in contrast with the wider market sentiment surrounding China’s real estate market.

Business CKN

2019/02/13 10:28:01

1,926

Dalian Wanda sells remaining 37 department stores to Suning.com

Chinese conglomerate Dalian Wanda has sold its remaining 37 department stores to e-commerce giant Suning.com as it continues to offload assets to consolidate its business and reduce its debt burden.

Business CKN

2019/02/13 07:31:06

2,270

Poverty alleviation and development of rural areas remain as top priority for policymakers

China’s policymakers are increasing their efforts to extend more funds to agriculture, farmers and rural areas of the culture as part of a five-year plan to revitalize the country’s countryside and reduce poverty in less developed regions.

Govt CKN

2019/02/13 06:13:30

1,610

CMIG appoints Thai conglomerate’s vice chairman as its co-chairman as it searches for potential new shareholders

Indebted China Minsheng Investment Group (CMIG) has now turned towards Yang Xiaoping, vice chairman of Bangkok’s Charoen Pokphand Group to be its co-chairman as it looks for new shareholders to bail itself out.

Business CKN

2019/02/13 04:18:06

1,955

China’s Dongying city hit by bad loan crisis stemming from cross-guarantee practices

China’s eastern city of Dongying which is a traditional hub for oil refineries and heavy industries has been hit by a debt crisis with 28 private companies looking to restructure their debts to avoid bankruptcy due to non-performing loans they had guaranteed for other companies.

Business CKN

2019/02/13 02:48:55

1,409

12 Chinese companies to be added into MSCI indices

17 companies from across the world will be added to MSCI’s gauges with the majority coming from China. Taiwan and Europe will each see one stock being added while the US will have three stocks added and one removed.

Business CKN

2019/02/13 02:16:13

1,835

Philippine’s Globe Telecom moves ahead with 5G plans involving Huawei

Philippine network operator Globe Telecom which uses Huawei as a key supplier has given a vote of confidence to the Chinese company saying that the recent security concerns have been overstated and it will continue to use Huawei equipment to develop its new 5G networks.

Business CKN

2019/02/13 02:12:27

2,366

Xiaomi partners up with Jinjia Group to venture into e-cigarettes

Chinese smartphone manufacturer Xiaomi has partnered up with a domestic cigarette manufacturer, Jinjia Group to produce electronic cigarettes as it looks towards new product avenues to stem a slowdown in smartphone sales.

Business CKN

2019/02/12 05:46:54

2,285

News Flash

Onshore RMB against the USD closed at 6.7802 at 16:30 BJT, a decrease of 101 pips from the previous trading day.

2019/02/15 08:45:50

Hong Kong to Shanghai Connect accounted for 100.2% of the daily closing quotation, Hong Kong to Shenzhen Connect accounted for 99.8% of the daily closing quotation

2019/02/15 08:45:44

Hong Kong Hang Seng Index closed at 27,900.84, down 1.9%

2019/02/15 08:45:35

China Financial Futures Exchange: Ten-year treasury bond futures closed at 97.960, up 0.05%; Five-year treasury bond futures closed at 99.860, up 0.03%

2019/02/15 08:45:28

Fitch Ratings: PBOC’s bill swap instrument supports banks to issue perpetual bonds

2019/02/15 08:45:18

Beijing has introduced a number of measures to simplify the approval process for games, and promote the e-sports industry

2019/02/15 08:44:43

Alibaba has invested RMB 6.2 bln to build the cloud computing data center in Zhejiang Province

2019/02/15 08:43:59

Top News