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China Securities Dives for Second Day After Major Shareholder Unveils Selloff Plan
(Yicai Global) June 27 -- Shares in China Securities have tumbled for the second straight day today after major shareholder Citic Securities unveiled that it would sell all of its...
China's Mainland Stock Markets Retain Morning Gains
(Yicai Global) June 27 -- China's mainland stock markets closed higher today after a surge in morning trade and a solid performance from 5G firms in the afternoon. The Shanghai...
Alibaba Will Reportedly Invest Millions of Dollars in Hellobike
(Yicai Global) June 27 -- Chinese e-commerce behemoth Alibaba Group Holding will invest several million dollars in Hellobike to help the cycle-sharing platform expand its business to include electric bike...
Huawei Will Broaden Electronics Product Range to Include TVs, Glasses and More
(Yicai Global) June 27 -- Chinese telecoms equipment giant Huawei Technologies plans to expand the range of consumer electronics it offers to include televisions, smart glasses and a range of...
Huawei's IP Earnings Have Reached USD1.4 Billion Since 2015
(Yicai Global) June 27 -- Chinese telecoms equipment giant Huawei Technologies has made over USD1.4 billion from intellectual property since 2015, it said in a report today. The Shenzhen-based firm...
China's Mainland Stock Markets Extend Gains Through Morning Session
(Yicai Global) June 27 -- China's mainland stock markets rose throughout this morning after official data showed the nation's large industrial firms performed well last month. The Shanghai Composite Index...
Kweichow Moutai Is First China Stock to Surpass CNY1,000 Share Price
(Yicai Global) June 27 -- Shares in China's biggest distiller Kweichow Moutai hit a record high CNY1,001 (USD145.5) this morning, marking the first time a China-listed firm has ever surpassed...
PBOC Swaps USD363 Million More Central Bank Bills for Perps
(Yicai Global) June 27 -- The People's Bank of China conducted its second central bank bills for perpetual bonds swap today, handing out CNY2.5 billion (USD363.3 million) in one-year bonds...
Profits at China's Large Industrial Firms Were Up 1.1% in May
(Yicai Global) June 27 -- Chinese industrial firms whose 2018 revenue exceeded CNY20 million (USD2.9 million)  made a total profit of CNY565.6 billion (USD82.2 billion) in May, up 1.1 percent...
China's Mainland Stock Markets Open Higher
(Yicai Global) June 27 -- China's mainland stock markets opened higher this morning after a turbulent day of trade yesterday. The Shanghai Composite Index opened 0.2 percent higher at 2,982.61....