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China's first homemade regional jetliner ARJ21 welcomes millionth passenger

China's first domestically made regional jetliner, the ARJ21, welcomed its millionth passenger on Chengdu Airlines flight EU6674, which landed at Chengdu Shuangliu International Airport in Southwest China's Sichuan Province on Monday. ARJ21 commercial operations have now reached scale.
Source: Global Times | 2020/7/21 10:17:16

Hong Kong stock market adds tech index as mainland high-tech companies influx

Hong Kong's leading stock index complier Hang Seng Indexes Co. said on Monday that it would launch a new benchmark index that will track key technology players in Hong Kong, as more mainland tech firms seek to be listed in the city amid intensifying tension between China and the US in the technology and financial sectors.
Source: Global Times | 2020/7/20 22:13:40

Alipay launches pet insurance featuring nose print recognition technology

Alipay's insurance platform on Monday launched pet insurance that uses nose print recognition technology for the first time in China.
Source: Global Times | 2020/7/20 14:46:39

China's top AI chip unicorn Cambricon surges more than 290% on first trading day

Chinese AI chip firm Cambricon, once Huawei's AI chip supplier, saw its shares surge by more than 290 percent on its first trading day in Shanghai on Monday, indicating Chinese investors' strong confidence in the crucial sector amid intensifying China-US tech competition.
Source: Global Times | 2020/7/20 13:48:40

National Security Law will not affect business information of listed companies: HK securities regulator

The Hong Kong Securities and Futures Commission (SFC), the statutory regulator of Hong Kong's capital markets, clarified on Sunday that it is not aware of any aspect of the National Security Law (NSL) which would affect or alter the existing ways in which firms and listed companies originate, access, disseminate and transmit financial market and related business information under the regulatory regime it administers.
Source: Global Times | 2020/7/20 12:28:40

US sanctions on HK have limited impact: Financial secretary

The US' sanctions on the Hong Kong Special Administration Region (SAR) might have caused mild concerns in the market, but have limited real impact on the local economy, Paul Chan Mo-po, financial secretary of Hong Kong said in an online post on Sunday.
Source: Global Times | 2020/7/19 16:14:42

China's power use up 6.1 pct in June

China's electricity consumption, a key barometer of economic activity, rose 6.1 percent year on year in June as the impact of the novel coronavirus waned, data from the National Energy Administration (NEA) showed.
Source: Global Times | 2020/7/19 16:03:46

Chinese finance ministry to issue $714m worth of treasury bonds in Hong Kong

The Chinese Ministry of Finance (MOF) said on Friday that it would issue 15 billion yuan ($2.14 billion) worth of renminbi-denominated treasury bonds in 2020, with the first batch of 5 billion yuan ($714 million) to be issued on July 23 in Hong Kong.
Source: Global Times | 2020/7/17 18:48:58

China witnesses robust foreign investment in Q2 amid pandemic

China witnessed robust foreign investment in the second quarter due to the nation's effective virus control measures.
Source: Global Times | 2020/7/17 16:33:00

Xi reassures global business leaders about China's opening-up

Chinese President Xi Jinping has sought to reassure global business leaders about China's commitment to open up its markets and create a better business environment for foreign investors, as US officials have been stirring up tensions with China on trade and other fronts.
Source: Global Times | 2020/7/16 23:28:56

A shares slump, with 400 stocks plunging by 9%

China's A shares took a dive on Thursday, led by slumps in shares related to food, medicine, semiconductors and liquor. It marks the third consecutive day that China's markets have fallen after a thrilling rally last week.
Source: Global Times | 2020/7/16 22:27:21

China increases oil and gas outputs, imports in H1

Chinese oil and gas imports soared in the first half of 2020, partly driven by lower international oil prices, but experts warn that the industry could face sluggish demand in the second half of the year.
Source: Global Times | 2020/7/16 20:48:40

China's H1 retail sales drop 11.4% y-o-y due to consumption constraints amid pandemic

China's retail sales of consumer goods declined 11.4 percent year-on-year to 17.23 trillion yuan ($2.47 trillion) in the first half of this year due to sluggish consumption demand amid the COVID-19 pandemic, but online consumption soared against the downward trend.
Source: Global Times | 2020/7/16 13:58:22

China and France reach consensus on resuming flights ASAP: FM

China and France reached consensus on Wednesday that flights between the two countries should be resumed as soon as possible, according to a statement from the Ministry of Foreign Affairs.
Source: Global Times | 2020/7/16 13:31:24

China's urban unemployment improves but is still under pressure

China's urban surveyed unemployment rate was 5.7 percent in June, down 0.2 percentage points compared with May, with analysts saying the domestic employment rate is recovering step by step but still in grave difficulties.
Source: Global Times | 2020/7/16 12:17:11

SMIC shares surge after Shanghai listing debut

China's biggest chipmaker, Semiconductor Manufacturing International Corp (SMIC) witnessed a staggering 246 percent jump in its share price, following its debut on Shanghai's Sci-Tech innovation board on Thursday.
Source: Global Times | 2020/7/16 11:48:35

No capital exodus from HK over new law: SAR official

A senior official with the Hong Kong Special Administrative Region (HKSAR) government Wednesday debunked fear-mongering narratives pushed by some foreign officials and media outlets that the new national security law for the SAR could lead to a capital exodus from the city and even end its status as an international financial center, arguing that the law will boost the city's financial sector.
Source: Global Times | 2020/7/15 23:32:28

China to support self-employment in e-commerce and online streaming

Authorities in China issued a document on Wednesday to further support new forms of private business and self-employment in a bid to ease pressure in the job market and boost the post-epidemic economy.
Source: Global Times | 2020/7/15 23:23:41