China


Baidu registers electric car company in next step for Geely venture

Baidu registers electric car company in next step for Geely venture

(ATF) Baidu has registered the electric vehicle (EV) venture which it set up with the help of Chinese automaker Geely, marking another step in the Chinese search engine giant's march into vehicles.According to public information on China's corporate information website qcc.com, Jidu Auto was registered on March 2 with a …

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Easing reflation trade boosts China credits

Easing reflation trade boosts China credits

(ATF) China bonds snapped heavy losses from the past two days as the global reflation trade eased.The ATF benchmark gauge of non-sovereign bonds climbed for the first day in three as investors weary of volatility in global assets took advantage of relative stability in China’s credit market.The China bid was …

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Yuan hits choppy waters in its slow 2021 rise

Yuan hits choppy waters in its slow 2021 rise

(ATF) Guan Tao, the Global Chief Economist with Bank of China Securities and a director of the China Chief Economist Forum, has offered his insights on how the yuan may perform in coming months. The foreign exchange market in January saw the yuan exchange-rate rise sharply at the beginning of …

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Nio shares dip despite forecast rise of 18% in Q1 EV sales

Nio shares dip despite 18% Q1 sales forecast rise

(ATF) Chinese electric vehicle (EV) maker Nio reported fourth quarter results that missed profit expectations after the US close on Monday March 1 and its shares dipped over 5% despite a backdrop of a sharp recovery in most US equities and its own forecast of a +18% rise in Q1 …

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China to launch national emissions trading scheme in mid-2021

China to launch national emissions trading in mid-2021 

(ATF) China is set to launch a long-awaited national carbon emissions trading scheme (ETS) online by the end of June this year, in a bid to speed up the nation’s efforts to curb pollution and help become carbon-neutral by 2060.During a visit to Hubei province and Shanghai city, Huang Runqiu, …

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Why Volvo’s Chinese parent Geely is becoming the “Foxconn of EVs”

Why Volvo’s Chinese parent Geely is becoming the “Foxconn of EVs”

(ATF) Zhejiang Geely Holding Group (Geely Holding), which acquired Volvo in 2010 and has been China’s top-selling homegrown brand for years, has been making headlines in the last two months. On January 11, the automaker founded by Chinese businessman Li Shufu announced it would let China's search engine giant Baidu …

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New rules in China for corporate bonds and rating agencies

New rules in China for corporate bonds and rating agencies

(ATF) Chinese regulators have changed the registration system for the public issuance of corporate bonds.On February 26, the China Securities Regulatory Commission issued revised Administrative Measures for the Issuance and Trading of Corporate Bonds. These clearly implement a registration system for public issuance of corporate bonds and prohibit structured issuance, …

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Selloff, coupon payments drag down China bonds gauge

Selloff, coupon payments drag down China bonds gauge

(ATF) The global bonds selloff continued in Chinese debt Monday, with privately issued securities taking the brunt of losses on inflation worries.A gauge of the bonds of state-owned enterprises (SOEs) declined after oil producer Sinopec made a coupon payment on its 4.98% bond. Similarly, a drop in the Corporate sub-index …

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Chinese investment in Australia plunges as relations sour

Chinese investment in Australia plunges as relations sour

(ATF) Chinese investment in Australia plunged almost two-thirds last year to less than US$1 billion as the impact of coronavirus was compounded by increasingly fraught relations.The new figure marks the fourth straight annual drop and is just a fraction of the US$13 billion injected into the country in 2016, with …

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US calls grow to boycott China's 2022 Winter Olympics 

US calls grow to boycott China's 2022 Winter Olympics 

(ATF) The former US ambassador to the United Nations, Nikki Haley, is the latest public figure to join a growing chorus demanding a boycott of the Winter Olympics in China next year over Beijing's human rights record.The Games are scheduled to begin on February 4 next year, just six months …

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