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PBoC’s Shanghai unit to support private firms with more financing tools

Economy

Govt

Finance

Investment banks collectively lower price targets for Tencent's shares

Business

TMT

Money Mkt

Shanghai-based cryptocurrency company to set up hedge fund with HK asset manager

Business

Fund

Decrease in demand for iPhone reduces Foxconn’s expected profit in Q3

Business

Manufacturing

Beijing Infinitas purchases Renren’s social platform business for USD 20 mln

Economy

Business

Media & Marketing

The value of blockchain lies in building trust, while the ICO destroys it: Ant Financial

The White Paper of Ant Blockchain was circulated on the internet; which shows that Alibaba and Ant Financial have issued CC Coin and Taobao Coin. Responding to the news, Ant Financial officials replied that rumors regarding crypto currencies issued by Alibaba and Ant Financial are not true.

Business · TMT CKN

2018/11/14 09:12:05

369

Baidu invests RMB 2.1 bln in Xinchao media

Baidu has announced, today, that it has invested RMB 2.1 billion in the Xinchao media. ChinaRenaissance is the exclusive financial adviser to this transaction.

Business · Media & Marketing CKN

2018/11/14 09:04:55

345

Regtech will monitor the blockchain and internet trading market: SAFE's Lu Lei

Lu Lei, deputy director of the State Administration of Foreign Exchange (SAFE), said on Monday at the 8^th Asia-pacific Forum on Economy and Finance.

Economy · Money Mkt · Fintech CKN

2018/11/14 09:01:49

365

CIIE: A step forward in building a community of shared future for mankind

The building of a community of shared future for mankind with new vision, renewed hope and a novel goal is, what China has set out for the world in the new era. This new concept has been widely recognized by the international community and written into the important documents of the United Nations (UN). The first "International Import Expo" going on in Shanghai is not only a commodity fair in the general sense, but also a major practice of building a community of shared future for mankind

Shi Jianxun

Macro

2018/11/08 09:48:10

2,176

NetEase has rough road ahead of its earnings release later today

NetEase has an uphill task ahead of it for its earnings report today. The gaming giant has seen its share price fall by nearly 40% year-to-date in a similar fashion to Tencent Holdings after a video game release halt has hit the country.

Business · TMT · Media & Marketing CKN

2018/11/14 08:42:54

352

Investment banks and securities companies lie low on new Shanghai technology bourse

Chinese investment banks and securities companies are preparing themselves for the launch of a new tech board in Shanghai after a surprise announcement by President Xi Jinping at the China International Import Expo (CIIE).

Economy · Macro · TMT CKN

2018/11/14 08:07:51

318

Alibaba introduces smart screen to enhance shopping experience for visually impaired

Alibaba Group Holding Ltd has worked with Tsinghua University to develop a plastic film that provide visually impaired people an enhanced shopping experiences. The plastic film will only take USD 0.36 cents to produce.

Business · TMT CKN

2018/11/14 07:46:33

396

Alibaba Cloud cooperates with HK’s PolyU to promote AI application

Hong Kong's Polytechnic University (PolyU) with Alibaba Cloud has signed a partnership Hong Kong, yesterday, to strengthen research in the field of artificial intelligence (AI) and promote the application of AI technology in urban management and medical care.

Business · TMT CKN

2018/11/14 07:35:51

298

China’s economy is resilient enough to withstand Sino-U.S. trade war

Since March, this year, with the escalation in trade friction between China and the U.S., there are concerns about and lack of confidence in China’s economy, which have resulted in downward pressure on the stock market. On September 19^th, China’s National Bureau of Statistics announced the operating indicators for the first three quarters of the country’s economy, which showed that GDP was RMB 65.0899 trillion, a year-on-year increase of 6.7%. It is not difficult to see that trade friction has not changed China's economic fundamentals, its economic stability remains unchanged.

Shi Jianxun

Economy

2018/11/05 04:22:17

2,371

Can 58.com(WUBA) continue beating analyst estimates

When you think of Chinese internet companies, Alibaba, Baidu and Tencent, the country's tech giants, immediately come to mind. However, there is another little-known tech company known as 58.com Inc. which has consistently beaten analysts' estimates since Q4 2016 and may surprise investors yet again on tomorrow morning, during its Q3 earnings release.

Economy · Business CKN

2018/11/14 07:32:24

418

China’s mobile phones sales down 9% in Q3, forecasts suggest further decline up to 9.5%

China's mobile phone market has already become the largest retail trade market in the global mobile phone industry. While the degree of internationalization is deepening, the response to the changes in the global trade environment is becoming more and more intense. In the second half of 2018, the drastic turbulence of the domestic and foreign trade environment has led to the China's mobile phone industry witness "both decline in volume and price". As of the third quarter of 2018, the overall market sales of China's mobile phone market declined 18% YoY and the sales declined 9% YoY in the single quarter. Under this trend, GfK decreased the 2018 Chinese mobile phone market index, and the forecast for the annual retail sales to 422 million units, down 9.5% YoY.

Macro · Data · Markets CKN

2018/11/14 07:19:20

326

Beijing E-Town scores highest in ecology preservation among China’s top industrial parks

Known as the cradle for hi-tech enterprises in auto, aerospace, bio-medical, internet and sophisticated manufacturing industry Beijing E-Town, a triple-A rated industrial park, welcome visitors with blue sky with rare bird species and greenery.

Economy · Business · Industrial Park CKN

2018/11/14 06:27:46

335

Chinese homebuyers look towards emerging Southeast Asian markets

Chinese homebuyers are setting their sights on emerging markets to look for property bargains due to foreign investment curbs in traditional Western markets. The shift comes after countries such as New Zealand, Australia, UK and Canada have all imposed foreign capital inflow curbs as they look to cool runaway property prices.

Economy · Real Estate · Markets CKN

2018/11/14 04:26:35

326

Ali health’s turnover up 3.3 times on Singles’ Day

The data released by Ali health, yesterday, shows that the turnover of the medical service sector increased 3.3 times YoY, while Swisse, BY-health and Bausch+Lomb were promoted to the "RMB 100 million club".

Data · Business · Resident Services CKN

2018/11/14 04:18:37

565

Volvo cooperates with Baidu to develop electric and autonomous vehicles

Volvo Cars has partnered with Chinese tech giant, Baidu Inc. to develop electric and fully autonomous cars for the world biggest automobile market, China. The partnership was first discussed at the Baidu World 2018 conference, earlier last month. The collaboration is expected to drive and accelerate development of autonomous vehicles and its ecosystem.

Business · TMT CKN

2018/11/14 04:09:03

643

China Eastern to purchase 8% stake in Juneyao Airlines for USD 460 mln

State-owned China Eastern Airlines will be purchasing an 8% stake in Juneyao Airlines for USD 460 million. Juneyao is one of the country's largest private carriers. China Eastern will be purchasing 169 million non-public offered shares through its Eastern Airlines Industry Investment unit.

Business · Money Mkt CKN

2018/11/14 03:53:50

441

Singapore and China sign upgraded FTA, agree to conclude RCEP by next year

Singapore has inked the upgraded free trade agreement (FTA) with China on Monday, during Chinese Premier Li Keqiang's visit to Singapore. The upgraded FTA will allow Singaporean businesses to enjoy greater access and protection of investment in the Chinese market.

Economy · Macro · Govt CKN

2018/11/14 03:25:21

426

Tencent increases WeChat mini program game developers’ revenue share to 70%

Tencent Holdings Ltd <0700:HK> has announced plans to offer game developers a bigger cut for better game content and creation. The company will increase the take-home revenue for games developer to 70%, a 20% increase from the default 50%, for quality game produced for their mini program platform on WeChat.

Business · TMT CKN

2018/11/14 02:45:53

495

News Flash

State-owned Assets Supervision and Administration Commission of the State Council is formulating a reform plan for the authorization of state-owned capital to transform the management of enterprises to the management of capital, and boldly delegating powers to enterprises with mixed ownership reforms

2018/11/14 09:20:39

Recently, the Party Central Committee and the State Council formally approved Shanghai institutional reform plan. According to statistics, as of now, the institutional reform plans of 31 provinces (autonomous regions and municipalities directly under the Central Government) have been approved

2018/11/14 09:20:24

Wang Xinzhe, chief economist of Ministry of Industry and Information Technology: promoting deep integration of the new generation of information technology and manufacturing industry as well as high-quality development of real economy

2018/11/14 09:20:01

Guangdong Dongguan will provide financial support of over RMB 40 bln for the city’s enterprises

2018/11/14 09:08:52

Ping An: in the first 10 months, revenue on insurance premiums has reached RMB 610 bln

2018/11/14 08:50:17

The latest news released by Shanghai Government Procurement Network shows that Shanghai Sports Bureau is conducting a tender for the feasibility study and analysis of the bid for 2032 Summer Olympics

2018/11/14 08:48:04

Onshore RMB against the USD opens at 6.9509, up 22 pips

2018/11/14 08:47:46

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