Markets

Tong Oil Returned to Profit in First Quarter on US Shale Success

Tong Oil Returned to Profit in First Quarter on US Shale Success

Tong Oil Tools Co. swung back into the black in the first quarter on the back of growing shale oil production in the United States.

Apr 2, 2018
Dou Shicong
China Ditches Profit Threshold for Certain IPOs to Lure Back Overseas-Listed Tech Giants

China Ditches Profit Threshold for Certain IPOs to Lure Back Overseas-Listed Tech Giants

China’s stock market regulator will allow certain companies to go public without meeting the three-year profitability requirement as it looks to entice overseas-listed firms back to the mainland.

Apr 2, 2018
Du Qingqing & Yuan Ziyi
Following Bilibili, iQIYI’s Nasdaq IPO Also Disappoints Despite Rising Tech Stocks

Following Bilibili, iQIYI’s Nasdaq IPO Also Disappoints Despite Rising Tech Stocks

Although the US stock market rebounded and the technology stock rose sharply, the share price of Beijing iQIYI Science and…

Mar 30, 2018
Xu Wei
Jinfu Tech to Buy 26% Stake in South Korean IoT Firm

Jinfu Tech to Buy 26% Stake in South Korean IoT Firm

Jinfu Tech to Buy 26% Stake in South Korean IoT Firm. Chinese optoelectronics manufacturer Suzhou Jinfu Technology Co. plans to…

Mar 30, 2018
Dou Shicong
Tax Expert Refutes Claims 1% Drop in VAT Will Cause Industry Profits to Rise 10%

Tax Expert Refutes Claims 1% Drop in VAT Will Cause Industry Profits to Rise 10%

Tax Expert Refutes Claims 1% Drop in VAT Will Cause Industry Profits to Rise 10%. China will lower the value-added tax on manufacturing and other sectors by one percent from May 1.

Mar 30, 2018
Chen Yikan
Overnight Rate Hits Highest Level Seen This Year Amid Tight Liquidity Among Non-Banking Institutions

Overnight Rate Hits Highest Level Seen This Year Amid Tight Liquidity Among Non-Banking Institutions

As the quarter comes to an end, China’s market liquidity has remained loose for nearly three months and has…

Mar 30, 2018
She Qingqi
Tencent President Cashes Out USD50 Million Through Sale of 1 Million Shares

Tencent President Cashes Out USD50 Million Through Sale of 1 Million Shares

Tencent President Cashes Out USD50 Million Through Sale of 1 Million Shares. Martin Lau, president of one of China’s biggest…

Mar 29, 2018
Liao Shumin
Bilibili’s Much-Anticipated Nasdaq IPO Disappoints as Shares Slump Amid Market Dip

Bilibili’s Much-Anticipated Nasdaq IPO Disappoints as Shares Slump Amid Market Dip

Shares of Bilibili Inc., owner of an iconic and eponymous Chinese online entertainment platform, fell in their first day of…

Mar 29, 2018
Xu Wei
Hebang Reaps 5% Equity in Australian Farm Services Firm, Will Up Holding

Hebang Reaps 5% Equity in Australian Farm Services Firm, Will Up Holding

Sichuan Hebang Biotechnology Co. has acquired five percent of the equity of an Australian agricultural services company and plans to further increase its shareholding in the open market afterwards.

Mar 29, 2018
Tang Shihua
Fengle Seed to Invest USD3 Million in Herbicide Production

Fengle Seed to Invest USD3 Million in Herbicide Production

Fengle Seed to Invest USD3 Million in Herbicide Production

Mar 29, 2018
Dou Shicong
Dalian Commodity Exchange Looks to Bring In Foreign Traders for Iron Ore Futures

Dalian Commodity Exchange Looks to Bring In Foreign Traders for Iron Ore Futures

Dalian Commodity Exchange has issued new trading rules for iron ore futures to expedite the introduction of foreign institutional investors…

Mar 29, 2018
Tang Shihua
Yuan’s Rise Against Dollar Is Related to Overseas Investors’ Pursuit of New Chinese Crude Oil Futures

Yuan’s Rise Against Dollar Is Related to Overseas Investors’ Pursuit of New Chinese Crude Oil Futures

The recent surge in the yuan-dollar central parity rate is related to overseas investors’ pursuit of China’s crude oil futures, reported Shanghai Securities News today, citing an analyst.

Mar 28, 2018
Xu Wei

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