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Hong Kong, mainland Stock Connect posts record trading as it celebrates 6th anniversary

As the HK-mainland stock connect celebrates its 6th anniversary, Hong Kong and international investors' holding of Shanghai and Shenzhen stock exchange A-shares rose to 2.1 trillion yuan ($320 billion), a stark contrast to 86.5 billion yuan at the end of 2014, shortly after the launch of the mechanism.
Source: Global Times | 2020/11/18 10:49:10

Honor sell-off 'warning bell' to tech sector amid US political crackdown

It was a symbolic day when the Chinese tech giant Huawei Technologies – the world's second-largest smartphone vendor – finally decided to strip off its subsidiary phone brand Honor, which has greatly contributed to the development of Huawei's consumer business. This difficult decision was interpreted by Chinese industry insiders as intensified warning shot for the whole industry in face of US-initiated tech war.
Source: Global Times | 2020/11/17 21:06:05

Ant Group's IPO suspension well-accepted among investors: regulator

The regulatory move to suspend Ant Group's IPO is well accepted among international investors, Fang Xinghai, vice chairman of the China Securities Regulatory Commission said on Tuesday, putting the markets on notice about greater regulatory attention to the technology stocks.
Source: Global Times | 2020/11/17 19:17:06

Huawei to soon announce plan to sell-off its Honor brand amid US pressure

Chinese tech giant Huawei Technologies will soon announce it will sell-off its sub brand Honor, considered a critical move in easing the impacts of the US' chipset ban and ensuring its sales as well as supply chain remain afloat, some analysts said.
Source: Global Times | 2020/11/16 19:25:04

Annual target met early with 10.09 million new urban jobs

More than 10 million jobs were created in China's urban areas between January and October, an official said on Monday, describing the country's job market as "stable."
Source: Global Times | 2020/11/16 19:23:16

RCEP boosts China's new round of opening up: Ministry of Commerce

The signing of The Regional Comprehensive Economic Partnership (RCEP) is a great step towards the implementation of China's free-trade-zone strategy, China's Ministry of Commerce has said.
Source: Global Times | 2020/11/16 14:53:40

China's Q4 economic growth will be faster than in Q3: National Bureau of Statistics

China's Q4 economic growth will be faster than in Q3: National Bureau of Statistics
Source: Global Times | 2020/11/16 10:43:12

China's retail sales of consumer goods in Oct rise 4.3% from last year

In October, China's retail sales of consumer goods totaled 3.8576 trillion yuan ($580 billion), up 4.3% y-o-y.
Source: Global Times | 2020/11/16 10:12:57

RCEP can't mend China-Australia ties

The signing of the landmark Regional Comprehensive Economic Partnership (RCEP) can no doubt improve the trade environment between China and Australia, but it may not be enough to mend bilateral ties, which are at rock bottom with no sign of recovery, due to Canberra's irrational attacks on China and discriminatory measures against Chinese investment, analysts said.
Source: Global Times | 2020/11/15 20:03:40

Zhejiang businessman Qian Fenglei attacked in HK: report

Philanthropist and businessman Qian Fenglei from Ningbo, China's Zhejiang Province was attacked on Saturday, Hong Kong media reported.
Source: Global Times | 2020/11/15 19:28:40

Signing of RCEP a victory of multilateralism and free trade: Chinese Premier Li Keqiang

Signing of the RCEP is not only an achievement of landmark siginificance in East Asian regional cooperaton, but is also a victory of multilateralism and free trade: Chinese Premier Li.
Source: Global Times | 2020/11/15 13:21:17

China, 14 other economies sign RCEP in historic win for multilateralism

China and 14 other economies signed the world's largest trade deal, the Regional Comprehensive Economic Partnership (RCEP), on Sunday to form a free trade zone in the Asia-Pacific region that will encompass a third of the global economy, in what Chinese officials and experts call a historic win for multilateralism that would help the regional and global economies cope with the COVID-19 pandemic and rising protectionism.
Source: Global Times | 2020/11/15 12:53:20

China no longer seeks to blindly expand exports under dual circulation strategy: former official

China, which has the greatest market potential in the world, is expected to import more than $22 trillion worth of goods over the next decade, which will inject direct and lasting vitality to the world economy to help the recovery from COVID-19, Huang Qifan, vice president of the China Center for International Economic Exchanges and the former mayor of Southwest China's Chongqing Municipality, told a financial forum in Beijing on Sunday.
Source: Global Times | 2020/11/15 12:35:20

China to suspend timber imports from Victoria, Australia to ensure biosecurity: FM

China has decided to suspend timber import from the state of Victoria, Australia, after pests being detected in the products. The decision, in accordance with China's relevant laws and international standards, was made based on science with an aim to ensure biosecurity, said Chinese Foreign Ministry spokesperson on Thursday.
Source: Global Times | 2020/11/12 17:36:04

China's NEV sales jump 104.5% in October to hit 160,000 cars

Sales of new-energy vehicles (NEV) in China surged 104.5 percent year-on-year to reach 160,000 units in October, while sales of all types of automobiles stood at 2.573 million in the month, a year-on-year increase of 12.5 percent, said the Association of Automobile Manufacturers (CAAM) on Tuesday.
Source: Global Times | 2020/11/11 16:16:15

More than 25 imported COVID-19 cases detected via cold chain from eight countries since July

Imported COVID-19 cases via cold-chain food are ascending, which shows that, despite the containment of the pandemic with China, the outbreaks abroad continue to pose a severe challenge to the country.
Source: Global Times | 2020/11/10 18:23:56

Ant Group refunds investors as scheduled after IPOs suspended, including annual percentage rate interest of 0.35 percent

Ant Group refunded investors as planned on Monday, including interest, after the group's IPOs were suspended, investors reported on Tuesday.
Source: Global Times | 2020/11/10 12:39:54

China's stock market has a mixed open Tuesday, following COVID-19 vaccine news

China's stock market had a mixed opening on Tuesday, with the Shanghai Composite Index up 0.41 percent, Shenzhen Component Index down 0.14 percent and the ChiNext stock market down 0.09 percent. Hong Kong's Hang Seng index opened up 1.76 percent.
Source: Global Times | 2020/11/10 11:13:40