Shanghai nonferrous metals mostly closed with gains amid rising commodity prices including crude oil. While the first press conference held by the People’s Bank of China in 2022 put forward the theme ... ( read original story ...)
STAR Market Daily: STAR 50 falls 1.36%, RMB 49.5 bln traded
Shanghai Stock Exchange STAR 50 closed at 1,306.02 on Thursday. The STAR Market recorded a total trading volume of 0.9 bln shares with a turnover value of RMB 49.5 bln, up 1.6% from yesterday. ( read original story ...)
China Stock Market May Extend Wednesday’s Losses
The China stock market on Wednesday halted the two-day winning streak in which it had picked up almost 50 points or 1.4 percent. The Shanghai Composite Index now rests just beneath the 3,560-point ... ( read original story ...)
China cuts mortgage reference rate for first time in nearly 2 years
China cut its benchmark lending rates for corporate and household loans for a second straight month at its January fixing on Thursday (Jan 20), while lowering a mortgage reference rate for the first ... ( read original story ...)
Chinese HiPhi EV Maker Weighs $500 Million Hong Kong IPO
A Chinese electric-vehicle maker, whose top-end HiPhi sport utility vehicles come with a price tag of as much as 800,000 yuan ($126,000), is considering a Hong Kong initial public offering as soon as ... ( read original story ...)
US-China tech war: Shanghai showers the cash to woo semiconductor talent and support local chip development
Government will subsidise up to 30 per cent of investment in semiconductor materials and equipment projects in the city. ( read original story ...)
Shanghai Electric Group Global Investment Ltd — Moody’s downgrades Shanghai Electric to Baa1; outlook remains negative
(SOEs) in Shanghai; and (4) its history of receiving operational support from the Shanghai government.This support assessment is also based on the Chinese government's strong ability to provide such s ... ( read original story ...)