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Markets

Onshore Yuan-Dollar Central Parity Rate Passes 6.42, Reaches Two-Year Zenith

Onshore Yuan-Dollar Central Parity Rate Passes 6.42, Reaches Two-Year Zenith

The continuing frailty of the US dollar Index lifted the yuan-dollar exchange rate to a two-year high today.

Jan 15, 2018
Xu Wei
Yuan’s Internationalization Doesn’t Target Other Major Currencies, Says Top China Central Bank Official

Yuan’s Internationalization Doesn’t Target Other Major Currencies, Says Top China Central Bank Official

The internationalization of the yuan is a long-term strategy. It should not aim at a higher global ranking among major…

Jan 15, 2018
Du Qingqing
Hanwei Electronics Unit Bags Blockchain Bid, Sends Its Shares to Early Limit Up

Hanwei Electronics Unit Bags Blockchain Bid, Sends Its Shares to Early Limit Up

Blockchain is still a magnet for investors in China's A-share market. Shares in sensor and instrumentation specialist Hanwei Electronics rose to limit…

Jan 15, 2018
Tang Shihua
Online Finance Marketplace Lufax Expected to Float in Hong Kong in April

Online Finance Marketplace Lufax Expected to Float in Hong Kong in April

Shanghai Lujiazui International Financial Asset Exchange Co. (Lufax) is expected is scheduled to submit documentation to the Hong Kong Stock…

Jan 12, 2018
Xu Wei
More Banks, Brokers Will Likely List This Year to Ease Capital Pressure, Insiders Say

More Banks, Brokers Will Likely List This Year to Ease Capital Pressure, Insiders Say

Many Chinese banks and security traders will likely list to alleviate capital pressure after the government strengthened regulations.

Jan 12, 2018
Yin Jingfei
Non-Copyrighted Content Emerges as Main Challenge to Video-Sharing Platform Bilibili’s Expected IPO in US

Non-Copyrighted Content Emerges as Main Challenge to Video-Sharing Platform Bilibili’s Expected IPO in US

China’s popular video sharing site Bilibili has now entered its pre-IPO quiet period and will list in the US as…

Jan 12, 2018
Liao Shumin
China’s Largest Fruit Retailer Pagoda Secures USD231 Mln to Expand Store Chain

China’s Largest Fruit Retailer Pagoda Secures USD231 Mln to Expand Store Chain

Chinese fruit retailer Pagoda raised CNY1.5 billion (USD231 million) in Series B round of financing. Pagoda that has a global…

Jan 12, 2018
Liao Shumin
China Warns of ‘Fake News’ After Report Says It May Slow or Halt Treasuries Buying

China Warns of ‘Fake News’ After Report Says It May Slow or Halt Treasuries Buying

A Bloomberg report that China will slow or halt its buying of US Treasury bond holdings could have quoted an uninformed…

Jan 11, 2018
Xu Wei
Hong Kong Stock Exchange’s Proposed IPO Reform Is Likely to Drive Xiaomi for Listing

Hong Kong Stock Exchange’s Proposed IPO Reform Is Likely to Drive Xiaomi for Listing

As Hong Kong’s IPO system reform attracts more companies to the Hong Kong Stock Exchange, China’s tech giant Xiaomi Inc.…

Jan 11, 2018
Luo Qi & Li Jun
ZTO Express Says Allegations It Overstated Profit Margins Are Baseless

ZTO Express Says Allegations It Overstated Profit Margins Are Baseless

Chinese courier ZTO Express Cayman Inc. said accusations that it overstated its profit margins to lure investors are baseless.

Jan 11, 2018
Xu Wei
HK Stock Market Rises 12 Straight Days in 54-Year Record

HK Stock Market Rises 12 Straight Days in 54-Year Record

The Hong Kong stock market closed with gains for the 12th straight trading day on Jan. 10 to set a record for the longest consecutive gains since 1964.

Jan 11, 2018
Xu Wei
PBOC Reportedly Told Banks to Suspend Counter-Cyclical Factor in Fixing Yuan Rate

PBOC Reportedly Told Banks to Suspend Counter-Cyclical Factor in Fixing Yuan Rate

China’s central bank has notified some lenders to suspend the use of the counter-cyclical factor when calculating quotes for the…

Jan 10, 2018
Xu Wei

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