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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.
Source: Global Times | 2020/7/9 11:42:34

No need for US consent on LERS regime: HK financial chief

There is no need to ask for US consent on a decades-old exchange rate system linking Hong Kong's local currency and the US dollar, Hong Kong Financial Secretary Paul Chan Mo-po said Wednesday, as the recent investors' chase after Chinese assets underpins the strength of the local currency.
Source: Global Times | 2020/7/8 23:48:40

Top securities watchdog warns traders of illegal OTC trading

China's top securities regulator listed 258 illegal platforms and institutions operating illegally in the over-the-counter (OTC) options market.
Source: Globaltimes.cn | 2020/7/8 23:04:17

Huawei global staff number reaches record high in 2019, with 49% R&D members

Huawei's total number of employees worldwide reached a record high of 194,000 as of the end of 2019, of which 96,000 were research and development members, accounting for 49 percent of its total staff, a Huawei report showed.
Source: Global Times | 2020/7/8 22:28:40

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

A shares roar amid hopes of bull run

Chinese mainland shares roared at opening on Monday as a continued surge in securities stocks ignites investor confidence in the start of a bull run in the world's second-largest economy, where supply-side reforms of the financial sector are well underway.
Source: Global Times | 2020/7/6 10:42:40

Chinese courts adopt electronic door seals based on blockchain technology

Blockchain technology is being used across wider applications such as electronic door seals in China, with Chinese courts starting to trial the seals, which could allow for real-time video surveillance and immediate alarm based on the cutting-edge technology.
Source: Global Times | 2020/7/5 11:36:01

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

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

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

US avocados set to become available in China

Avocados from California are now available in the Chinese market, the US embassy said Thursday, marking another US agricultural product that is available for Chinese consumers, despite the escalating tensions between China and the US recently.
Source: Global Times | 2020/7/3 1:13:40

Coronavirus strikes down global M&A as companies keep their distance

Global M&A activity tumbled to its lowest level in more than a decade in the second quarter, according to data provider Refinitiv, as companies gave up on expansion plans to focus on protecting their balance sheets and employees in the wake of the coronavirus outbreak.
Source: Reuters-Global Times | 2020/7/2 19:48:41

China's A-share market rallying, buoyed by quick recovery, financial sector reform

China's A-share market rally gained steam on Thursday, with the benchmark Shanghai Composite Stock Index surging 2.13 percent to close at above 3,090 points on hopes that China's economy is recovering quickly, and a reported plan to strengthen home-grown investment banking houses is underway.
Source: Global Times | 2020/7/2 17:56:15

Pinduoduo founder steps down as CEO and reduces personal stake

Huang Zheng, founder of Chinese online shopping giant Pinduoduo, stepped down as chief executive on Wednesday and is succeeded by Chen Lei, co-founder of the company.
Source: Global Times | 2020/7/2 13:38:40

Indians worry Chinese app ban could result in job losses, reduced communication

India's ban on 59 apps developed by Chinese companies may have a larger impact than the government wagered, as many locals have expressed their concerns within days of the ban's announcement.
Source: Global Times | 2020/7/1 18:38:40