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Netflix Buys Rights to Show Chinese Sci-fi Blockbuster The Wandering Earth
(Yicai Global) Feb. 22 -- US online video site Netflix has purchased the streaming rights of The Wandering Earth, the highest-grossing Imax movie ever released in China.  Netflix will translate...
China's Bourses Open Lower; 5G Stocks Advance
(Yicai Global) Feb. 22 -- China's mainland stock markets began the day slightly lower in spite of the prolonged rallies of shares related to fifth-generation mobile networks.  The Shanghai Composite...
New Round of China-U.S. Trade Talks Starts in Washington
(Yicai Global) Feb. 22 - Negotiators from China and the United States kicked off the seventh round of high-level economic and trade talks in Washington on Thursday.  The opening ceremony...
PBOC Sets Yuan's Midpoint Against US Dollar to Highest in Seven Months
(Yicai Global) Feb. 22 -- China's central lender has moved the central parity rate between the Chinese yuan and the US dollar up to its highest in seven months.  The...
Global Economic, Security Concerns Shrunk Chinese Overseas Investment Last Month
(Yicai Global) Feb. 21 -- China's non-financial outbound direct investment declined in January due to global worries of a slowdown in economic growth, as well as in terms of national safety,...
China's Bourses End Mixed With Highest Stock Turnover in 11 Months
(Yicai Global) Feb. 21 -- China's mainland bourses reversed their ascending paths in the afternoon to return close to zero in terms of gains. Trading volume peaked since last March. ...
Chinese Yuan Rises Hundreds of Bips Against US Dollar to Above 6.7
(Yicai Global) Feb. 21 -- The Chinese yuan has strengthened against the US dollar hundreds of basis points onshore and offshore this afternoon. The onshore forex spot rate rose to...
China's Nasdaq-Like ChiNext Races to Highest Since September
(Yicai Global) Feb. 21 - The ChiNext Index, tracking Shenzhen's board of growth firms, has risen to a record high since last September on the back of shares related to...
Manchester City Owner Chips In to Buy Chinese Third-Tier Soccer Club
(Yicai Global) Feb. 21 -- The owner of Manchester City Football Club has bought its first Chinese soccer club together with Chinese investors. City Football Group, Sequoia-backed China Sports Capital...
China's Bourses Fall; Financial Firms Stay Buoyant
(Yicai Global) Feb. 21 - China's mainland stock markets began the day slightly lower, while shares of non-banking financial firms and leasing companies swam against the current to lead gains....