Investors have regained some of their appetite for China’s top stocks following recent announcements of government measures to stabilise economic growth, with the country’s blue-chip equity index ending its best three-session run for over two years on Tuesday. The CSI 300 – which tracks the Shanghai and Shenzhen stock exchanges blue-chip stocks – has climbed […]
Category: Brief
China’s government should stay true to its plans of eliminating implicit local government borrowing guarantees, according to economists, ahead of an expected surge in bond issuance. Beijing should continue to be strict on local governments when it comes to implicit guarantees on loans owed by local government financing vehicles (LGFVs), chief economist at China’s State […]
China will invest a further $14.7 billion in the South African economy, reports Reuters, a move welcomed by President Cyril Ramaphosa as his country battles years of economic stagnation. The investment pledge was made on Tuesday during Chinese President Xi Jinping’s state visit to the African nation. In the last month Ramaphosa has managed to […]
Facebook is planning to launch an innovation hub in China as a means of engaging with the country’s tech talent whilst expanding the brand’s exposure to the highly-coveted domestic market. The hub, to be located in Hangzhou alongside the headquarters of Alibaba Group, will give training and workshops to local tech entrepreneurs as a means […]
Ten cornerstone investors are ready to invest up to $1.4 billion in China Tower when the huge telecom infrastructure operator launches its initial public offering in Hong Kong, sources close to the company told Reuters. The Beijing-based company plans to sell its shares at HK$1.26 to HK$1.58 ($0.16-$0.20) per share. If the company succeeds in raising […]