BUSINESS >> Markets

Sci-tech board strong in first month

In the first month of operations for the science and technology board, the 28 initial listings have seen their share prices surge by an average of 171 percent from the IPO level. Experts said the gains show that domestic investors have an appetite for such assets that can't be satisfied yet due to the limited number of companies and tradable shares.
Source: Global Times | 2019/8/22 19:58:40

Pork prices in Hong Kong skyrocket as supply strangled by African swine fever

The price of pork has continued to rise sharply in Hong Kong and many fear that this may further increase ahead of peak season next month, as both local supplies and those from the mainland have been strangled due to cases of African swine fever.
Source: Global Times | 2019/8/22 12:43:40

China refutes media allegation Huawei helps Uganda, Zambia spy on political opponents

China's Foreign Ministry on Tuesday denied western media reports alleging that Huawei technicians have been helping governments in Uganda and Zambia spy on political opponents, which led to the opponents' arrests in both countries, saying it is “totally fake.”
Source: Global Times | 2019/8/20 18:28:40

Tesla's Gigafactory in Shanghai receives first comprehensive acceptance certificate

Tesla's electric car Gigafactory in Shanghai received its first comprehensive acceptance certificate on Monday, within three days of making an application, which sets a new inspection and approval timing record for the local government.
Source: Global Times | 2019/8/20 13:33:40

Shanghai Free Trade Zone adds land, to pilot new functions

Shanghai's pilot free trade zone on Tuesday added a new area, occupying 119.5 square kilometers of Lingang in the southeastern part of the city.
Source: Global Times | 2019/8/20 13:13:29

Hong Kong's pork supply from Chinese mainland declines sharply

The monthly average daily supply of live pigs from the Chinese mainland to the Hong Kong Special Administrative Region has sharply decreased since June, and prices in July doubled from the previous two months, official data showed.
Source: Global Times | 2019/8/19 21:49:12

Shenzhen-based stocks get boost from new reform plan

Shares of companies based in Shenzhen, a pioneering city in South China's Guangdong Province, soared after the central government announced on Sunday that it would use the first-tier city as a pilot demonstration area with Chinese characteristics.
Source: Global Times | 2019/8/19 21:13:40

US yield curve inversion could herald crisis, recession

As a bellwether of asset price fluctuation, the spread of short- and long-term Treasury bonds has attracted much attention from capital markets. On Wednesday, the yield of two-year Treasury bonds and the yield of 10-year Treasury bonds inverted for the first time in more than a decade. That means the yield on the 10-year Treasury bill broke below the two-year rate.
Source: Global Times | 2019/8/19 18:33:40

Shenzhen-based stocks soar as China rolls out new reform plans for the city

Shares of companies based in Shenzhen, a pioneering city in South China's Guangdong Province, soared after the Chinese government announced on Sunday that it would use the first-tier city as a pilot demonstration area with Chinese characteristics, rebuking a weakening trend in the Chinese stock market caused by the lingering trade war with the US.
Source: Global Times | 2019/8/19 16:03:39

China to shore up cybersecurity in the upcoming 5G era

The 7th Internet Security Conference (ISC 2019) opened on Monday with the theme, “Cyber Warfare, Big Ecology, Broad Security.” Representatives of the conference noted that security challenges brought about by the 5G era should be taken seriously, and that China will actively promote the development of cybersecurity industries.
Source: Global Times | 2019/8/19 15:33:39

Global Blue becomes latest firm to risk Chinese consumer boycott over sovereignty

Global Blue, a Switzerland-based tourism shopping tax refund company, triggered outrage among Chinese netizens after it listed Hong Kong as an independent country in its refund system, and one of its customer service staff later claimed that China's island of Taiwan is also “an independent country.”
Source: Global Times | 2019/8/18 14:33:39

China to meaningfully lower real interest rates through market-oriented reform

China will take market-oriented reform measures to meaningfully reduce real interest rates and ease financing difficulties, the State Council's executive meeting chaired by Premier Li Keqiang decided on Friday.
Source: Xinhua | 2019/8/17 9:11:58

State Counil stresses use of market reform to lower real interest rates

China's State Council made a series of arrangements Friday on lowering real interest rates through market-based reform measures and easing financing difficulties.
Source: Xinhua | 2019/8/17 9:01:10

Top accounting firms urged to fire pro-riot staff

Industry insiders and Chinese netizens urged the top accounting firms to investigate people who claim to be their staff and fire employees found to have the wrong stance on the current Hong Kong situation, despite distancing themselves from a statement published in the city's Apple Daily newspaper on Friday requesting the release of arrested rioters.
Source: Global Times | 2019/8/16 20:43:07

S.Korea sees Japan's export curbs as rising economic uncertainty

South Korea's finance ministry saw Japan's export curbs as a rising economic uncertainty in addition to the global trade dispute and the semiconductor industry downturn.
Source: Xinhua | 2019/8/16 13:58:22

9F, a Chinese fintech platform, rises in Nasdaq debut

Chinese fintech platform 9F raised 84.55 million US dollars in its initial public offering Thursday by selling 8.9 million American depositary shares (ADS) at 9.50 dollars apiece.
Source: Xinhua | 2019/8/16 13:32:39

Japan becomes largest foreign holder of US Treasuries

Japan surpassed China to become the largest foreign holder of US Treasuries in June, with its holdings at the highest level in nearly three years, US Treasury Department said Thursday.
Source: Xinhua | 2019/8/16 12:13:50

China urges US to stop wrong practices on Chinese enterprises

China firmly opposes practices of the United States that undermine the interests of China and other countries with unilateral and protectionist policies, a Foreign Ministry spokesperson said Thursday.
Source: Xinhua | 2019/8/16 8:02:12