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Month: August 2022

Posted on 29/08/2022

SMM Evening Comments (Aug 29): Shanghai Nonferrous Metals Closed with Losses amid Extending Tight Monetary Policy Orientation

Shanghai nonferrous metals closed with losses as the market players were still weighing the hawkish speech from Fed Chair Powell last Friday, indicating that the tight monetary policy is needed for ... ( read original story ...)

Posted on 29/08/2022

China: United Imaging Healthcare shares jump higher following IPO

Shares in United Imaging Healthcare, a medical imaging and radiotherapy equipment company, jumped higher on the first day of trading following the company’s IPO on the STAR board of the Shanghai Stock ... ( read original story ...)

Posted on 29/08/2022

China’s Boeing 707 Lookalike: The Story Of The Shanghai Y-10

One of the earlier large passenger aircraft was the four-engine narrowbody Shanghai Y-10. It was designed based on the Boeing 707, but only three aircraft were ever built. China developed an aviation ... ( read original story ...)

Posted on 29/08/2022

China’s August factory activity likely shrank amid COVID flare-ups, property crisis – Reuters poll

China's factory activity likely contracted again in August, a Reuters poll showed on Monday, as COVID flare-ups and a distressed property sector pummelled demand while a power crunch in southwestern ... ( read original story ...)

Posted on 29/08/2022

Loan woes, China’s troubled property market hits banks

Troubling news continues to flow from China’s property market as a series of mainland developers report sharp slowdowns and even reversals from last year’s robust first-half profits before the current ... ( read original story ...)

Posted on 29/08/2022

Equity markets drop amid central bank speak [Fed’s Powell, ECB], UST yields and USD extend gains

Equity markets drop amid central bank speak [Fed’s Powell, ECB]; UST yields and USD extend gains; AU and CN/HK firms continue to report earnings. General tre ... ( read original story ...)

Posted on 29/08/2022

Int’l financial institutions bullish on Chinese market

PFG's footprint in China gives a glimpse into the thriving development of international financial institutions in the country. To attract foreign investors, China scrapped foreign ownership caps for ... ( read original story ...)

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