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China introduces new draft rules on personal data exports
Policy
Business
China may remove ownership caps for financial institutions
Policy
Slow growth in demand for business credit may result in further policy easing
While Chinese banks made more loans in May to offset slowing economic growth, demand for business credit still remained sluggish suggesting the need for greater policy easing.
Economy · Macro CKN
2019/06/14 04:16:43
1,547
China officially launches its Science and Technology Innovation Board
China has now officially launched its new Nasdaq-style Science and Technology Innovation Board with the new market being termed as the “STAR market”.
Markets · Equity CKN
2019/06/14 03:54:11
1,460
China develops first locally designed DRAM chip
Changxin Memory Technologies, founded in 2016, will soon become China’s first mass producer of locally designed key memory chips. Changxin will compete against chips giants Micron Technology and Samsung Electronics in a USD 100 bln a year market.
Business · Manufacturing CKN
2019/06/13 05:13:47
2,588
Finding opportunities in China’s ABS market
Asset securitization market in China continued to enjoy growth last year. When China started their crackdown on shadow banking, many companies struggled to raise capital through conventional finance. This led to many companies adopting ABS as preferred source of finance
CKN
Economy · Macro · Markets
2019/05/07 14:15:37
9,510
China Cinda to offload stake in loss making insurer Happy Life
Chinese bad debt manager China Cinda Asset Management Co. Ltd. is planning to sell its stake in money losing Happy Life Insurance Co. Ltd. after the latter posted heavy losses last year.
Business · Finance CKN
2019/06/13 04:16:27
1,663
China issues new guidelines for its commercial space sector
China has introduced its first guidelines to regulate its commercial space sector in order to guide the health development of commercial space rockets manufacturing and test flights.
Govt · Business CKN
2019/06/13 04:07:09
2,250
Tencent-backed insurance platform Waterdrop raises RMB 1 bln
Tencent-backed online Insurance platform Waterdrop has raised more than RMB 1 billion in fresh funds in its latest funding round led by Boyu Capital. Other investors in the round included CICC Capital as well as earlier investors Tencent and Gaorong Capital.
Business · Finance CKN
2019/06/13 04:04:20
1,710
Huawei demands USD 1 bln in licensing fees from Verizon
Huawei Technologies has demanded for US carrier Verizon Communications to pay more than USD 1 billion in licensing fees over the use of more than 230 of its patented telecoms equipment.
Business · TMT CKN
2019/06/13 03:59:36
2,200
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
13,199
Chinese manufacturer Yutong bus runs test trials for its 5G self-driving bus
Shanghai-listed bus manufacturer, Zhengzhou Yutong Bus has dispatched four electric self-driving buses a 1.53km route in the Chinese city of Zhengzhou. This was an open-road trial project on “Intelligent Island” in the city’s Longzi Lake.
Business · Transportation · TMT CKN
2019/06/13 03:28:15
1,685
China stands to lead US in engineers, Softbank executive says
China is leading the way in science and engineering graduates, giving them an edge in Artificial Intelligence (AI) technology. This goes to echo the importance of AI talent in the two countries’ race to tech supremacy.
Economy · Macro CKN
2019/06/12 07:36:33
1,921
Asian Infrastructure Investment Bank seeks to ramp up its investments
The China-backed Asia Infrastructure Investment Bank (AIIB) has increased its pace of lending since last year and expects to see even more activity this year.
Business · Finance CKN
2019/06/12 06:48:55
1,348
Science and Technology Innovation Board to undergo final technical test run on Saturday
China’s new Nasdaq-styled Science and Technology Innovation Board is making its final preparations to commence trading and will be conducting a final technical test run on Saturday.
Markets · Equity CKN
2019/06/12 06:46:54
1,885
Foxconn has the capacity to move iPhone production out of China if needed
Foxconn Technology Group, the world’s largest electronics contract manufacturer and Apple’s most important manufacturing partner has stated that it has the capacity to make all US-bound iPhones outside China if necessary.
Business · Manufacturing CKN
2019/06/12 04:32:47
2,295
Dubai looks to attract wealthy Chinese investors into its property market
Dubai is looking to attract wealthy Chinese investors into its property market by offering long-term residence visas and retirement options to these investors as the city looks to shore up its slumping property prices.
Real Estate · Markets CKN
2019/06/12 04:29:38
1,789
New land auction mechanism in Dongguan aims to cool land prices
Authorities in the manufacturing hub of Dongguan are now looking to rein in its runaway land prices by changing the way its land auctions are carried out.
Real Estate · Markets CKN
2019/06/12 04:27:17
2,233
Brazil welcomes Huawei despite US pressures
Hamilton Mourao, the Vice President of Brazil, reiterated on June 9 that Brazil has no plan to exclude the Chinese telecom company Huawei Technologies from operating the fifth-generation (5G) mobile telecoms network in Brazil.
Economy · Govt CKN
2019/06/11 08:52:12
1,456
CSRC to increase regulatory oversight of trading in Shanghai and Shenzhen
The China Securities Regulatory Commission (CSRC) is tightening regulatory oversight of trading in Shanghai and Shenzhen, clearing its backlog of suspended firms and introducing new products to the market as foreign investors start to take greater interest in the country’s capital markets.
Policy · Markets CKN
2019/06/11 06:39:26
1,893
News Flash
From Jan. to May, Ministry of Finance levied RMB 477.8 billion from Chinese personal income tax, down 30.7% YoY.
2019/06/14 08:56:44
Tencent’s Wesure launches the outpatient clinic insurance with the maximum damages amounting to RMB 5,000 and can be claimed through Wechat.
2019/06/14 08:54:32
Shanghai has built more than 2,000 5G base stations and will deploy 11,000 more by the end of 2019.
2019/06/14 08:32:30
National Bureau of Statistics: In May, China’s total retail sales of consumer goods amounted to RMB 3.29 tln, up 6.4% YoY.
2019/06/14 07:43:30
Chinese electric car maker NIO’s stock has slumped 16% in June, and more than 70% of its market value was wipe out in three months.
2019/06/14 07:18:07
Gree Real Estate spent RMB 233 million to repurchase 42.24 million shares which accounted for 2.05% of the company’s outstanding shares.
2019/06/14 07:00:18
Chinese automaker BYD announces that from Jan. to May, the company’s total power battery shipments have reached 6.9 GWh.
2019/06/14 06:46:37
Top News
China eases funding restrictions for major infrastructure projects
Toyota enters battery supply partnerships with CATL and BYD
China develops first locally designed DRAM chip
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