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Chinese tech shares see strong NASDAQ performance amid surging domestic stocks


As China's A shares continue to roar, the latest Chinese stocks on NASDAQ also rocketed on Wednesday.


India begins to target Chinese investment, inviting Chinese retaliation

India is posturing for a complete economic decoupling from China, willing to decapitate its high-tech upstarts as media reports suggested a key technology venture risked facing a cut-off from Chinese capital.
Source: Global Times | 2020/7/6 19:18:40

Chinese netizens debate table tennis legend's sour investment app endorsement

China's table tennis legend Liu Guoliang has apologized for endorsing an investment app that reportedly scammed citizens of 23 billion yuan ($3.26 billion), which has caused heated discussions on Chinese social media.
Source: Global Times | 2020/7/6 19:03:41

Chinese A-shares soar as bull run sets in

Chinese mainland shares rocketed on Monday, turning in the benchmark Shanghai Composite Index's biggest one-day gain in five years, as a continued surge in securities stocks ignites investor confidence for the start of a bull run in the world's second-largest economy.
Source: Global Times | 2020/7/6 19:03:40

First telemedicine platform for Chinese employees overseas put into use

China's first telemedicine platform for employees of central government-administered enterprises working overseas has been put into operation, aiming to better facilitate the healthcare and medical treatment of Chinese nationals abroad amid the COVID-19 pandemic.
Source: Global Times | 2020/7/6 18:55:35

Sales of tariff-free Australian beef liked by residents in Hainan Island

The zero-tariff fresh Australian beef is proving popular with consumers in South China's Hainan free trade zone, displaying China's determination to pursue opening-up policy. Yet the outlook for Australian beef exports to China is dimmer, due to an all-time low in bilateral relations, experts said.
Source: Global Times | 2020/7/6 18:33:40

China's land port sees cross-border railway freight exceeding 10 mln tonnes in H1

Foreign trade volume by railway through Manzhouli, the largest land port on the China-Russia border, exceeded 10 million tonnes in the first half of this year, up 6.4 percent year on year, according to official figures.
Source: Xinhua | 2020/7/6 18:01:04

China sees mutual fund boom amid capital market reform

China is set to see a record level of money raised by newly established mutual funds this year as the country's capital market reform facilitates more institutional investments, data showed.
Source: Xinhua | 2020/7/6 17:51:55

China hopes France can 'independently make choices' on Huawei's 5G

It is hoped that France can “independently make its choices based on its own interests” and provide an open, unbiased, and non-discriminatory business environment for enterprises from all countries including China, the Chinese Foreign Ministry said on Monday.
Source: Global Times | 2020/7/6 17:17:34

SMIC Hong Kong stocks jump 21%

Stocks prices of Chinese chip maker Semiconductor Manufacturing International Corp (SMIC) on Hong Kong Stock Exchange jumped to a record high of 14 percent on Monday.
Source: Global Times | 2020/7/6 15:08:40

China's first entirely self-developed computer rolls off production line

China's first entirely self-developed computer, Tianyue, officially rolled off the assembly line in Shenyang, Northeast China's Liaoning Province on Friday, marking substantial progress in the country's information industry.
Source: Global Times | 2020/7/6 14:58:40

HK launches first batch of MSCI Index Futures contracts

The Hong Kong Stock Exchange (HKEX) on Monday officially launched a suite of futures contracts based on Asia and emerging market benchmarks compiled by global index provider MSCI, in the latest effort to push its internationalization strategy despite pressure from the US over the implementation of the city's new national security law.
Source: Global Times | 2020/7/6 13:50:09

Huawei open to discussions after UK reportedly set to phase it out of 5G network

Chinese tech giant Huawei said it “remains open to discussions with the government” and is “finding ways with customers to manage the proposed US? restrictions so the UK can maintain its lead in 5G,” after media reported the UK is set to phase out the use of Huawei in its 5G network this year.
Source: Global Times | 2020/7/6 11:21:46

Options for three major chemicals now listed in China

Polypropylene (PP), Polyvinyl chloride (PVC) and linear low-density polyethylene (LLDPE) options were listed on the Dalian Commodity Exchange on Monday. It is the first time three options in the same industrial chain have been simultaneously listed in China.
Source: Global Times | 2020/7/6 11:20:15