Chinese investors are borrowing money for stocks at the fastest rate in six years as the market surges, reported Caixin. On the Shanghai and Shenzhen stock exchanges, the outstanding balance of margin trading increased to RMB 1.73 trillion ($271 billion), the highest since 2015. Trading surged and daily turnover exceeded RMB 1 trillion for several […]
Category: Markets
Having started out slowly on vaccinations, and focusing instead on simple control of virus spread, China has now moved inoculations into high gear just as small outbursts of infections appear in various places, including the city of Guangzhou. Possibly as many as 20 million vaccine doses are being administered per day, and by the end […]
On Monday, China’s battery maker Contemporary Amperex Technology Co. Ltd. (CATL) Topped RMB 1 trillion ($157 billion) in market cap while the surge in electric vehicle sales ramp up battery demand, reported Caixin. CATL reached a market value of almost RMB 1.01 trillion after closing at RMB 434.1 a share on Monday. The company was […]
The expanding extra-curricular private education market is facing an increase in scrutiny and regulations from Beijing, however, Chinese tutoring and higher education operators are still preparing to initiate offshore IPOs before restrictions come into effect, reports the South China Morning Post. South China Vocational Education Group operates private junior college programs and is looking to […]
Xiaomi has announced that it is no longer subject to any restrictions on US persons buying or holding its stock as a US court ruling stated that it is no more a designated Communist Chinese Military Company (CCMC), reports Reuters. The ruling, made on Tuesday and announced by Xiaomi in a filing to the Hong […]