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China’s co-working spaces look towards more management services to cope with rising vacancy rates

Business

Luxury car brands reduce prices in China to woo more customers

Business

Smartphone manufacturer Shenzhen Transsion applies for new tech board listing after African success

Business

Banks in Ningbo allowed to sell local government bonds over bank counters for the first time

Bond

Hong Kong-listed insurer AIA remains unfazed by declines in net profits citing strong growth in its new businesses

Business

IQiyi plans to launch short-video app to contend with Bytedance’s Douyin by 2020

Chinese video and content streaming site IQiyi is looking towards building a new short-video app by 2020 to challenge Bytedance’s Douyin and Tencent-backed Kuaishou in the short-video arena.

Business CKN

2019/03/19 07:59:10

457

State Grid Corp to take financial services unit public in reverse takeover deal

Utilities giant State Grid Corp of China is preparing to spin off its financial services unit into a separate, listed company through a reverse takeover of Shanghai Zhixin Electric Co which is listed on the Shanghai stock exchange.

Business CKN

2019/03/19 06:52:39

356

Shandong debt crisis deepens with two more companies falling

Two more companies in China’s Shandong province have entered bankruptcy proceedings as the region’s industrial debt crisis worsens.

Business CKN

2019/03/19 04:32:26

398

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

3,872

Virtual graves rising in popularity in China

Chinese mainlanders are looking towards more value-added funeral services such as virtual graves where people can use to store information about the deceased.

Business CKN

2019/03/19 03:48:34

501

Premier Li Keqiang calls for prudent regulations to ensure sustainable growth in China’s shared economy

Chinese Premier Li Keqiang has called for more prudent regulations to be introduced into the country’s shared economy to bring about more sustainable growth in the industry.

Govt CKN

2019/03/18 05:52:48

1,309

Shanghai Stock Exchange to start accepting listing applications for new Sci-Tech board today

The Shanghai Stock Exchange will begin accepting listing applications for its new Science and Technology Innovation Board today, putting it on target for the first batch of companies to be listed by mid-June this year.

Business CKN

2019/03/18 03:52:36

1,160

Muyuan Foodstuffs looks to take advantage of rising pork prices amid swine fever outbreaks

China’s second-largest pork producer Muyuan Foodstuffs says that it will be increasing its production of pork this year despite the country being hit by outbreaks of swine fever, expecting that the reduced supply will bring about an increase in prices which will boost its profits.

Business CKN

2019/03/18 03:50:47

1,342

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

6,303

Fosun Tourism turns profitable in first year of Hong Kong listing

Fosun Tourism Group which owns the Club Med resort chain has managed to turn a profit for 2018 after going public in the same year on the Hong Kong stock exchange.

Business CKN

2019/03/18 02:58:58

1,333

China's top legislature adopts new Foreign Investment Law

China’s new Foreign Investment Law (FIL) has been adopted by the country’s top legislature during the closing meeting of its annual session today with the new law coming into effect from 1^st Jan 2020.

Govt CKN

2019/03/15 07:11:56

1,834

China increases scrutiny of margin trading to prevent another 2015 meltdown

China’s stock market regulator is increasing its scrutiny of leveraged buying of stocks funded by non-brokerage platforms as it seeks to prevent a repeat of the 2015 meltdown of the Chinese stock market.

Govt CKN

2019/03/15 05:53:57

1,251

Huawei confirms existence of backup OS amid rising tensions with the US

Huawei Technologies, China’s largest smartphone vendor has announced that it has developed its own operating systems for smartphones and computers which its devices can run on should the current Android system that its products run on become unavailable.

Business CKN

2019/03/15 03:38:20

2,267

UBS, Morgan Stanley, Merrill Lynch and Standard Chartered fined USD 100 mln over IPO sponsorship oversight

The Hong Kong Securities and Futures Commission (SFC) has hit investment banks UBS, Morgan Stanley, Merrill Lynch and Standard Chartered with a combined fine of USD 100 million for their failure in carrying out their duties as an IPO sponsor.

Business CKN

2019/03/15 03:26:46

1,735

Property developer Cifi expects a property market upturn in second half of the year

Shanghai-based property developer Cifi Holdings is expecting home sales to pick up in the second half of this year as local governments roll back on property control measures that have kept home prices low.

Business CKN

2019/03/15 03:25:00

2,119

Chinese e-commerce players look to lower-tier cities to sustain growth

China’s e-commerce players are shifting their focus towards consumers in the country’s smaller cities to help boost consumption in a slowing economy and uncertain global outlook.

Business CKN

2019/03/15 03:23:25

1,698

Baidu’s Robin Li downplays new competition in the search industry

Baidu chairman and chief executive Robin Li has downplayed the impact of new entrants in the search business on Baidu even as a slowing Chinese economy forces greater consolidation among the country’s internet companies.

Business CKN

2019/03/14 04:22:10

1,843

Declines in mortgage rates spread to China’s second-tier cities

Mortgage rates in China’s tier-2 cities are falling as the country’s property market slows down under pressure from government curbs and economic headwinds.

Data CKN

2019/03/14 03:37:18

2,150

News Flash

Huawei starts to build a joint technology innovation center in Yongchuan District, Chongqing, with a planned investment of RMB 1 bln. The center will focus on AI, big data, and cloud computing.

2019/03/19 08:00:07

China's leading diary company Yili Group buys New Zealand dairy provider Westland Milk Products reputable for being a high quality milk source and product processing company.

2019/03/19 07:59:58

Shanghai Composite Index closes at 3090.98, down 0.18%, with turnover of RMB 353.2 bln. Shenzhen Component Index closes at 9839.74, down 0.04%, with turnover of RMB 422.4 bln. The ChiNext Index closes at 1708.87, up 0.11%, with turnover of RMB 116.8 bln.

2019/03/19 07:59:48

Chinese telecom equipment and systems company ZTE has signed a cooperative agreement of 5G application with Institute of Nanjing Public Security Technology. 5G technologies will facilitate police work.

2019/03/19 04:12:01

China's O/N Shibor rate down 9 bps to 2.6660%.

2019/03/19 04:08:51

Haitong Securities gives Meituan-Dianping a "sell" rating with a HKD 34.33 price target, 38% lower than the yesterday's closing price.

2019/03/19 04:08:44

Numerous Chinese tire companies have announced to increase price about 2% to 5% in coming March or April.

2019/03/19 04:08:35

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