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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.


China goods, services trade surplus tops 420 bln yuan

China's international goods and services trade surplus stood at 424 billion yuan (about 60 billion U.S. dollars) in May, official data showed.
Source: Xinhua | 2020/7/4 20:14:13

Chinese netizens support transgender employee winning labor contract lawsuit

Chinese online bookstore Dangdang.com was caught up in an employee discrimination case due to ending a labor contract with an employee after the latter underwent transgender surgery.
Source: Global Times | 2020/7/4 19:39:50

India's ban on Chinese power equipment imports is self-damaging antagonism

India's move to deter power equipment imports from China is nothing but a fresh instance of the South Asian economy's lapsing into self-damaging antagonism against its major trading partner amid simmering border tensions, Chinese experts said on Saturday.
Source: Global Times | 2020/7/4 16:09:46

Hubei reports two imported cases from Russia, as Chinese Embassy warns of risk of transfer in Moscow

After days of zero new reported cases in Central China's Hubei Province, three asymptomatic COVID-19 infections were reported Friday, including two passengers on board a flight from Russia.
Source: Global Times | 2020/7/4 15:55:39

Maximum fine for massive data leak may reach 1 million yuan: China's data security draft law

China's National People's Congress has released a draft of the data security law, asking for public suggestions.
Source: Global Times | 2020/7/4 1:50:55

Multinationals actively sign up for 3rd CIIE despite pandemic

Foreign multinationals will continue to actively participate in the upcoming third China International Import Expo (CIIE) despite the coronavirus pandemic, an expert told the Global Times on Friday. The CIIE organizers said over 2,000 companies from more than 100 countries and regions had signed up for the event as of June 30.
Source: Global Times | 2020/7/3 23:17:01

American firms welcome to continue operating in Hong Kong: FM

China welcomes companies from all over the world, including those from the US, to continue to operate and develop in the Hong Kong Special Administrative Region (HKSAR), expressing the hope of jointly building up the international financial hub, the Chinese Foreign Ministry said on Friday.
Source: Global Times | 2020/7/3 21:53:40

Demand for outbound flights from Beijing soars after city eases test requirements

The search volume for outbound flights from Beijing grew 500 percent on ticket booking platform ly.com compared with the day before, after Beijing authorities on Friday announced that some city residents no longer need to submit negative COVID-19 test results when travelling.
Source: Global Times | 2020/7/3 19:54:36

China to take necessary measures to protect Chinese firms in India: FM

China will take necessary measures to protect the legal interests of Chinese firms operating in India, China's Foreign Ministry said on Friday in response to a series of measures taken by India against China.
Source: Global Times | 2020/7/3 17:58:40

Chinese A-share market fully enters bull track: analyst

The Chinese stock market has fully entered bull-market territory and the A-share market will see an upward trend amid some fluctuations in the second half of the year, analysts said on Friday.
Source: Global Times | 2020/7/3 17:43:40

Increased HSBC investment in Chinese mainland a rescue measure amid political controversies: observers

HSBC has signaled new investment in the Chinese mainland by this month introducing demand-driven and customized wealth management and insurance services empowered by digital technologies.
Source: Global Times | 2020/7/3 16:26:11

China's Caixin services PMI hits 10-year high in June

The Caixin services Purchasing Managers Index (PMI), a gauge of China's services sector activity, hit a 10-year high of 58.4 in June and beat market expectations, showcasing the revival of the nation's services sector following the COVID-19 impact.
Source: Global Times | 2020/7/3 15:18:40

China's bond market balance hits 108 trillion yuan, ranking second globally

China's bond market balance has hit 108 trillion yuan ($15.28 trillion), ranking second globally, the country's central bank announced on Friday.
Source: Global Times | 2020/7/3 14:15:32