Markets

US-Based Krane Funds Issues Its First China Internet ETF in Hong Kong

US-Based Krane Funds Issues Its First China Internet ETF in Hong Kong

Krane Funds Advisors LLC, an American asset management company, has issued its first exchange-traded fund listed in the Hong Kong Stock…

Apr 11, 2018
Dou Shicong
Market Observers Rebut Devaluation Worries as Yuan Weakens Against Dollar

Market Observers Rebut Devaluation Worries as Yuan Weakens Against Dollar

The yuan-dollar central parity fell to 6.3114, the lowest level in two weeks, signaling the market’s growing concern over the ongoing China-US trade spat.

Apr 10, 2018
She Qingqi
Chinese Game-Streaming Platform Huya Files for USD200 Million New York IPO

Chinese Game-Streaming Platform Huya Files for USD200 Million New York IPO

Huya Information Technology Co., a loss-making Chinese game-streaming platform operator also known as Huya Broadcasting, filed an application with…

Apr 10, 2018
Xu Wei
Chinese Gaming Firms Dump IPO Plans Amid Tough Policy Environment

Chinese Gaming Firms Dump IPO Plans Amid Tough Policy Environment

Three Chinese online gaming firms have ditched plans for an initial public offering in the local market so far this year as the policy environment becomes unfavorable for the sector.

Apr 10, 2018
Dou Shicong
Alipay Is Stepping Up Data Protection After PBOC Fine

Alipay Is Stepping Up Data Protection After PBOC Fine

Alipay, the fintech platform run by Ant Financial Services Group, is looking to improve its data collection processes after China’s central bank fined it for breaching data protection regulations.

Apr 9, 2018
Liao Shumin
China’s Forex Reserves Climbed USD8.3 Billion Last Month After February Dip

China’s Forex Reserves Climbed USD8.3 Billion Last Month After February Dip

China’s foreign exchange reserves edged up USD8.3 billion last month, flipping an anomalous decline in February on its head and…

Apr 9, 2018
Tang Shihua
China’s EV Battery Giant Gets Regulator’s Starting Flag for USD2.1 Billion IPO

China’s EV Battery Giant Gets Regulator’s Starting Flag for USD2.1 Billion IPO

Contemporary Amperex Technology Co. (CATL), China’s largest car battery maker, has wrung approval for its initial public offering from China’s…

Apr 9, 2018
Yuan Ziyi
Moscow Exchange Plans to Expand Yuan Trading Business to Challenge Dollar

Moscow Exchange Plans to Expand Yuan Trading Business to Challenge Dollar

Moscow Exchange Plans to Expand Yuan Trading Business to Challenge Dollar

Apr 4, 2018
Xu Wei
China Amps Up Crackdown Over Online Asset Management

China Amps Up Crackdown Over Online Asset Management

Online asset management firms without the required license have until the end of June to clear out their existing businesses,…

Apr 4, 2018
Yang Jiao & Song Yikang & Du Chuan
Boosted by Brokers, Alibaba, JD.Com CDRs May Issue in Third Quarter

Boosted by Brokers, Alibaba, JD.Com CDRs May Issue in Third Quarter

The popularity of unicorns continues, and it may not take much longer for overseas-listed Chinese companies to debut on the…

Apr 3, 2018
Zhou Ailin
Foxconn Beats Fourth-Quarter Earnings Forecast on iPhone X Sales, One-Time Gain

Foxconn Beats Fourth-Quarter Earnings Forecast on iPhone X Sales, One-Time Gain

Hon Hai Precision Industry Co. reported a better-than-expected profit in the last quarter of 2017 as the Taiwanese contract manufacturer,…

Apr 2, 2018
Liao Shumin
Chinese Depositary Receipts Are Billed as Game Changer 

Chinese Depositary Receipts Are Billed as Game Changer 

Chinese regulators announced on March 30 the official inception of a pilot for issuance of domestic shares with deposit receipts…

Apr 2, 2018
Yuan Ziyi

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