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China may provide household appliance subsidies to boost consumption

Policy

Retail

Singapore’s sovereign wealth fund GIC and Grandjoy Holdings chosen to create first publicly-listed REIT in China

Real Estate

Trust

Guangzhou sets up RMB 20 bln bailout fund to aid companies stuck in last year’s pledged share crisis

Govt

Fund

Dagong goes under government control after license suspension

Govt

Finance

Tencent approved to distribute Nintendo Switch game in China

Retail

Sports & Entertainment

Amazon will stop domestic third-party merchant services in China to focus on cross-border e-commerce

US e-commerce giant Amazon has said that it would stop providing services to third-party merchants on its China market place from July 18 and instead focus on cross-border sales due to stiff competition from local e-commerce operators.

Retail CKN

2019/04/19 04:06:57

1,078

Meitu makes its venture into offline skincare in search of higher margins

Meitu Inc, which operates its namesake popular image-editing app is venturing into the offline skincare market as part of its efforts to offset its falling number of app users and loss-making smartphone business.

Media & Marketing CKN

2019/04/18 03:48:56

1,596

China’s NDRC considers relaxing car license restrictions

China’s state planner the National Development and Reform Commission (NDRC) is said to have proposed to relax car license issuance controls in major cities to revive slowing sales in the country’s auto market.

Economy · Policy CKN

2019/04/18 03:30:07

2,075

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

5,475

P2P lending platforms ordered to prepare information disclosures for new monitoring system

Chinese regulators have commenced preparations for a new pilot program to get the country’s remaining peer-to-peer (P2P) lending platform registered in a new national monitoring system.

Policy · Fintech CKN

2019/04/18 03:27:25

1,575

Sina Corp suspends apps and platforms for one month to conduct review of online content

Chinese internet company Sina Corp has voluntarily suspended its news app and other products after being flagged by Chinese internet authorities for shortfalls in its ability to moderate unsuitable content.

Commodity CKN

2019/04/18 03:23:39

2,002

Pork prices could rise by 70% in China this year

Pork prices in China could rise more than 70% this year in the second half following a fall in supply due to outbreaks of the African Swine Fever forcing farmers to cull their pig populations.

Commodity CKN

2019/04/18 03:19:53

1,453

KPMG expects greater consolidation in China’s EV industry

Analysts at KPMG expect the Chinese electric vehicle (EV) industry to undergo greater consolidation over the next 18 months to 2 years as EV manufacturers face tighter capital markets and challenges in building consumer trust.

Manufacturing CKN

2019/04/18 03:17:19

2,054

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

8,139

China’s economy stabilizes with 6.4% growth rate for first quarter, beating estimates

China’s economic growth has stabilized in the first quarter of 2019 with a 6.4% growth rate, overcoming expectations of a slowdown due to policy support from the Chinese government and improving trade relations with the US.

Macro · Data CKN

2019/04/17 10:01:23

1,950

Google and Apple remove Bytedance’s TikTok from Indian app stores

Google and Apple have complied with an Indian court order to block downloads of hit app TikTok in the country due to government concerns over illicit content.

Sports & Entertainment CKN

2019/04/17 09:10:54

1,765

China’s central bank may cease monetary easing as economic activity picks up

China's central bank, the People's Bank of China (PBOC) has said that it will not flood the Chinese market with excessive liquidity after injecting funds into the country’s economy through reserve ratio requirement (RRR) cuts over the last few months.

Economy · Govt · Policy CKN

2019/04/17 08:59:00

2,539

Huawei has secured 40 commercial 50 network contracts

Rotating Huawei Chairman Hu Houkun spoke at an annual global conference in Shenzhen that Huawei has signed 40 commercial 5G network contracts.

Business · TMT CKN

2019/04/17 08:53:08

2,021

China releases new rules for IPO sponsors of upcoming Shanghai tech board

China has detailed out new rules for sponsors for IPOs on the upcoming Shanghai Science and Technology Innovation board that requires them to invest and hold stocks of their target company for two years.

Policy · Equity CKN

2019/04/17 08:43:54

2,103

Brightoil Petroleum Founder, once ranked on Forbes China rich list, declared bankrupt

Hong Kong High Court declared Mr Xue Guanglin, founder of Brightoil Petroleum Holdings bankrupt brought about by a long-running case involving financial woes at Brightoil Petroleum.

Business · Manufacturing · People CKN

2019/04/17 08:19:39

2,674

DCP Capital raises USD 2.5 billion for China-focused funds

DCP Capital which was co-founded by former KKR & Co Greater China head David Liu has managed to raise USD 2.5 billion for its debut US dollar and yuan denominated China-focused funds, giving the company the ability to invest in the country.

Fund CKN

2019/04/16 04:56:15

2,411

China further reduces photovoltaic subsidies

According to the China National Energy Administration (NEA), only RMB 3 billion worth of photovoltaic (PV) subsidies will be given out this year, with new projects being graded on a three-tier scale.

Utilities CKN

2019/04/16 04:53:04

1,725

JD Logistics may go out of business in two years if it fails to secure profitability

Twelve straight years of losses have prompted JD.com’s founder and chairman Richard Liu to scrape base salaries of staff at his JD Logistics delivery unit, stating that the logistics arm may go bankrupt in 2 years unless business picks up.

Transportation CKN

2019/04/16 04:50:48

1,850

News Flash

China’s automobile manufacturer NIO announces that charging services will be provided in 41 cities from this week. Mobile charging service will cost RMB 380 each time and public charging points will cost RMB 280 each time.

2019/04/19 09:41:55

According to China’s largest movie ticketing website Maoyan, Avengers: Endgame' presales in China has exceeded RMB 400 mln, breaking tickets sales records.

2019/04/19 09:41:33

Tianhong’s Yuebao realized a total profit of RMB 6.559 bln in Q1, with an average daily return of more than RMB 72.87 mln for its investors.

2019/04/19 09:41:12

Tianhong Fund’s revenue was RMB 10.125 bln in 2018, up 6.18% YoY while net profit was RMB 3.069 bln, up 15.82% YoY. both ranking first in the industry.

2019/04/19 08:56:12

Tencent approved by authorities in Guangdong Province to sell Nintendo Switches in China.

2019/04/19 08:55:18

China’s S.F. Holding and Hong Kong-based Golden Resources Development have established a joint venture GS EXPRESS to provide comprehensive logistic solutions in Vietnam.

2019/04/19 08:53:57

China’s voice recognition technology firm iFlytek generated RMB 8.067 bln in revenue in 2018, up 48.16% YoY. CICC raises iFlytek’s target price by 16% to RMB 36 due to its good performance in Q1.

2019/04/19 08:12:10

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