China’s commerce ministry published a set of new rules regarding foreign investment on Monday which would confer greater oversight and scrutiny power to state regulators, in a move that mirrors recent decisions taken by some Western governments to limit the influence of Chinese capital. The increased scrutiny would be carried out within the framework of […]
Category: Brief
China’s manufacturing sector is expected to cool in July for the second consecutive month, as threats to the country’s economy from inside and overseas continue to weigh on confidence and investment. The official manufacturing PMI gauge is forecast to fall 0.2 points from 51.5 in June, according to a Reuters poll. This would still be well above […]
The Hong Kong Stock Exchange is planning to make it harder for companies to use “backdoor listings” and shell activities to circumvent trading rules and damage investors’ confidence, Caixin reports. “Backdoor listing” is when a relatively small-size firm that wishes to be included on an exchange, but currently does not have the resources for an […]
A Bloomberg gauge tracking the performance of China-listed brokerages has fallen to its lowest reading relative to the Shanghai Composite Index in over a decade, despite the recent plummet of Chinese equities. Brokerages trade at 13.3 times 12-month forward earnings, compared with 10.6 times for the Shanghai average, according to the gauge. China International Capital […]
Starbucks Corp is set to announce a partnership with e-commerce giant Alibaba Group to roll out a coffee delivery service in China as the American chain looks to revive flagging sales in one of its most important markets, according to Reuters, citing media reports. The tie-up with Alibaba was hinted at by former Starbucks Executive Chairman […]