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IMF lowers global economic growth expectations, positive about China’s economy

Data

Foreign investment and bond financing will be promoted in 2019: NDRC

Policy

China loosens regulations on pledged shares to ease listed companies’ repayment pressure

Policy

Megvii plans RMB 2 bln investment into robotics

Business

Xiaomi’s share buyback plan fails to stop its stock price decline

Business

Pinduoduo suffers huge losses due to bug planted by hackers in its system

China’s e-commercial platform, Pinduoduo Inc.’s platform was attacked by a computer bug planted by hackers, last Sunday; which caused the company losses of worth tens of millions of yuan. After the release of the bug, Pinduoduo users received RMB 100 coupons, and users could claim as many as they wanted. These coupons could be used for all goods on the platform, and were valid for one year. A lot of users were attracted, making a huge loss to the e-commerce company.

Business CKN

2019/01/22 08:32:01

376

China’s first private pension fund publishes first quarterly report, posting a yield of 0.99%

China Asset Management’s CAM Pension Hybrid FOF which is a fund of funds with a target date of 2040 has published its first quarterly financial report, posting a yield of 0.99% as of January 16^th.

Data CKN

2019/01/22 07:32:32

393

Greenland Group looking to take over China Eastern’s stake in Shanghai Airlines Tours International

China Eastern Airlines is reportedly looking to divest from a controlling stake in its affiliated travel agency Shanghai Airlines Tours International, with real estate giant Greenland Group; which is said to be in a leading position to take over the stake.

Business CKN

2019/01/22 07:30:41

316

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

2,341

CITIC Securities to capitalize on Guangzhou Securities for its expansion in South China

Citic Securities Co., the Chinese investment banking unit of investment company CITIC Group, yesterday, answered an enquiry from Shanghai Stock Exchange (SSE) about the acquisition of Guangzhou Securities, a BBB rating broker. CITIC announced its plan to acquire Guangzhou Securities for USD 2 billion in December, last year. The company’s stance was that the overall impact of the acquisition on CITIC's brokerages is controllable.

Business CKN

2019/01/22 06:47:13

417

China Pacific Insurance accelerates entry into eldercare with more products

China Pacific Insurance Co., one of the country’s largest insurance companies is accelerating its venture into eldercare, eyeing the market potential of the sector driven by a rapidly ageing population.

Business CKN

2019/01/22 05:38:34

318

Hainan Island aims to be China’s next tech hub

Hainan Island, sometimes known as China’s Hawaii for its beaches and fair weather is now targeting to become the country’s next tech hub.

Govt CKN

2019/01/21 09:47:36

903

Oil production lowest since 2007; China becomes the largest importer of oil and gas

According to data released by the National Bureau of Statistics of China, earlier today, China's oil production has fallen by 1.3% to 18.91 million tons in 2018, or about 3.8 million barrels per day.

Data CKN

2019/01/21 09:46:02

655

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

4,637

Sunac acquires Shanghai Oceanwide Construction Company for RMB 12.55 bln

One of China’s leading property developer Sunac China Holdings Ltd. has signed an agreement with Wuhan CBD Investment & Development, a subsidiary of Oceanwide Holdings, for 100% acquisition of Shanghai Oceanwide Construction Company.

Business CKN

2019/01/21 09:43:47

849

Huawei has been preparing for current troubles for past 10 years: Ren Zhengfei

The founder of Huawei, Ren Zhengfei, has dismissed the troubles his company has been facing in recent times as having a major impact on its business. He was talking at a press conference last week. He projected the company’s revenue to double in five years.

Business CKN

2019/01/21 06:00:32

1,121

China’s GDP growth rate of 6.6% in 2018 higher than expected, but less than 2017

China's GDP growth rate for the fourth quarter of 2018 was officially announced earlier today. Fourth quarter GDP growth of the country was about 6.4%, and the annual growth rate was about 6.6%.

Data CKN

2019/01/21 05:58:48

830

NetEase Kaola plans to open 15 offline stores in 2019

NetEase Kaola opened its first flagship store in Hangzhou, yesterday. The company has announced its plan to open 15 offline stores nationwide, this year.

Business CKN

2019/01/21 05:57:16

1,117

Forex regulator expects stable currency and balance of payments

The State Administration of Foreign Exchange (SAFE) expects China to have a mostly stable foreign exchange market and greater balance in international payments this year.

Govt CKN

2019/01/21 03:25:27

1,164

First batch of local govt bonds to be issued this week

Earlier issuances of local government debt this year will play an important role in narrowing the infrastructure financing gap and promoting economic growth this year.

Bond CKN

2019/01/21 02:32:13

1,085

China’s SOEs report record revenues and profits last year compared with private sector

China’s state-owned enterprises (SOEs) reported record high revenues and profits last year even as their private counterparts struggled to survive amid a credit crunch and slowing economy.

Data CKN

2019/01/21 02:26:14

778

FTSE Russell launches new index series to track Chinese green bonds

Global index compiler FTSE Russell has launched a new index series to track Chinese green bonds. The new FTSE Chinese (Onshore CNY) Green Bond Index Series will benchmark against securities whose proceeds are used to fund environmental projects in mainland China.

Bond CKN

2019/01/18 10:10:43

2,081

Decline in demand for iPhone in China causes significant drop in Apple’s revenue

Apple's Japanese supplier, Nidec, has, yesterday, reported a significant drop in revenue and profit. This is the first time that it has seen such a sharp drop in the past 46 years. According to Chief Executive Shigenobu Nagamori, decline in demand in Chinese market could be the main reason.

Business CKN

2019/01/18 10:08:30

1,485

News Flash

Huawei has deployed 5G networks in 10 countries and expects to deploy 5G in 20 countries in the next 12 months

2019/01/22 09:48:42

Onshore RMB against the USD closed at 6.8103 at 16:30 BJT, a decrease of 202 pips from the previous trading day.

2019/01/22 09:48:32

China's stock market added 252,600 new investors last week, an MoM increase of 6.9%

2019/01/22 09:48:25

Hong Kong to Shanghai Connect accounted for 99% of the daily closing quotation, Hong Kong to Shenzhen Connect accounted for 100% of the daily closing quotation

2019/01/22 09:48:20

Hong Kong Hang Seng Index closes at 27,005.45, down 0.7%

2019/01/22 09:48:13

Bytedance has acquired part of Smartisan’s rights, over the use of patents, to explore business in the field of education

2019/01/22 09:48:05

China Financial Futures Exchange: Ten-year treasury bond futures closed at 98.030, up 0.11%; Five-year treasury bond futures closed at 99.780, up 0.07%

2019/01/22 09:47:48

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