Nadeem Xu

Nadeem Xu


IPOs boom in China

IPOs boom in China

(ATF) Initial public offerings (IPO) in China's A-share market surged to a record in July, with Sino-US tensions lifting the outlook for the booming initial sales market in the world’s second-largest economy.World-beating listings such as that by Semiconductor Manufacturing International (SMIC) helped increase funds raised to 110 billion yuan ($15.73 …

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China’s futures trading continues expansion

China’s futures trading continues expansion

(ATF) China’s futures market in July continued to report double-digit growth in both trading volume and turnover, industry data showed on August 3.Trading volumes totalled 567.65 million lots last month on turnover of 45.4 trillion yuan ($6.5tn). Both figures edged up 37% and 56% year-on-year, respectively, according to the China …

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PBoC pledges continued internationalisation of financial industry

PBoC pledges continued internationalisation of financial industry

(ATF) The People's Bank of China (PBOC), the central bank, said on August 3 that it will push forward with the internationalisation of China’s financial industry in the second-half of the year.Measures announced to open up China's financial sector, including the internationalisation of the yuan and capital account convertibility, will …

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Bike to the Future

Bike to the Future

(ATF) China is seizing on the disruption of coronavirus to upgrade its economy to meet demands of a technology-led future. But one sector is profiting from being sent back decades.Fear of travelling on crowded public transport during a health crisis has prompted more people to get back on bicycles in …

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Careful with those mobile games, comrade

Careful with those mobile games

(ATF) Mobile gaming is a big earner in China and officials want its citizens to play more of them - just as long as they comply with cultural values.That was the message from the 2020 China Digital Entertainment Congress in Shanghai, also known ad ChinaJoy.Feng Shixin, the Deputy Director of …

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‘Hydrogen Valley’ set to boom

‘Hydrogen Valley’ set to boom

(ATF) Guangzhou, capital of south China's Guangdong Province, announced Thursday that its hydrogen energy industry is expected to reach 200 billion yuan ($28.6 billion) by 2030.The provincial capital is intensifying efforts to develop a sophisticated hydrogen energy industrial system to reduce reliance on fossil fuels and fill the gap in …

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Ministry demands acceleration of special bond issuance

Ministry demands acceleration of special bond issuance

(ATF) China has said local government should press on with issuing the rest of the special-purpose bonds earmarked for coronavirus relief projects – but officials warned against misusing the proceeds.About 1.5 trillion yuan of 3.75 trillion of the debt special has been issued and the Ministry of Finance said local …

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