China


China bonds little changed

China bonds little changed

(ATF) China bonds were little changed Wednesday as investors took stock of recent gains and following data that suggested the allure of the nation's debt was waning.The benchmark ATF China Bond 50 Index climbed 0.01%, along with the Local Government, Enterprise and Corporate sub-indexes. A gauge of financial bonds was …

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More Asia-friendly trade policies seen under Biden

More Asia-friendly trade policies seen under Biden

(ATF) The most direct effect of the recent presidential election in the United States is that Joe Biden’s administration is going to be much more cooperative and multilateral, with less confrontational trade policies and a reduced use of tariffs. There will be an overall improvement in trade relationships with China, …

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China services hit 10-year high as economy shakes off pandemic 

China services hit 10-year high as economy shakes off pandemic

(ATF) Services in China continued its expansion in November as a key purchasing managers index (PMI) hit a 10-year high, according to data released on Thursday.The Caixin China General Services Business Activity Index, a snapshot, rose to 57.8 in November from 56.8 the previous month, hitting the second-highest level since …

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Evergrande Property Services fades on debut amid concerns over debt

Evergrande Property Services fades on debut amid concerns over debt

(ATF) Shares of Evergrande Property Services fell on their Hong Kong debut on Wednesday, as concerns over its parent company's massive debts rattled investors.The stock opened at HK$8.84 per share, a 0.45% premium to the HK$8.80 initial public offer price, but slipped to HK$8.65 before closing 0.2% down at HK$8.78. …

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Stock Connect set to include STAR Market stocks

Stock Connect set to include Star Market stocks

(ATF) The stock exchanges in Hong Kong, Shanghai, and Shenzhen have reached an agreement to allow stocks on Shanghai Stock Exchange’s Sci-Tech Innovation Board (STAR Market) as well as pre-revenue biotech companies listed in Hong Kong to be eligible for trading via the Stock Connect scheme.The expansion arrangements are aimed …

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Growth signals lift China bonds

Growth signals lift China bonds

(ATF) The benchmark ATF China Bond 50 Index of corporate and municipal bonds climbed for a third day as yet more data indicated the Chinese economy is growing.The bonds of state-owned-enterprises also gained as investors shrugged off concerns that a spate of defaults in the sector would spread.The ATF CB50 …

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More data signals strong China growth

More data signals China growth

(ATF) China is powering its way out of the coronavirus downturn.Yet more data released Tuesday showed the world’s second-largest economy is growing at an ever-faster rate, just months after the pandemic inflicted the first quarterly contraction in generations on the communist state.The latest purchasing managers index (PMI) survey data on …

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SAIC Motor and Alibaba join forces to create Tesla rival

SAIC Motor and Alibaba join forces to create Tesla rival

(ATF) SAIC Motor and Alibaba Group have jumped on the electric vehicle (EV) bandwagon by teaming up in Shanghai's Pudong New Area for a 10 billion yuan ($1.5 billion) megaproject to develop premium cars to rival Tesla.The joint venture will be based in Zhangjiang Hi-tech Park under the brand name …

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Wanda Group checks out of global luxury hotel chain plan

Wanda Group checks out of global luxury hotel plan

(ATF) Wanda Group has completed the sale of the Vista Tower project in Chicago in a deal previously disclosed to be $270 million. This marks the end of an ambitious international hotel chain plan by Chinese billionaire Wang Jianlin as the group trims its multi-billion-dollar debt.Hong Kong-listed Wanda Hotel Development …

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Supporting Hong Kong’s businesses and households in new normal  

Supporting Hong Kong’s businesses and households in 'new normal'  

(ATF) In Hong Kong, the transition from face-to-face to contactless interactions has been swift and widespread as a result of the Covid-19 pandemic.The so-called “new normal” economic activities such as online shopping, digital payments, and remote working have accelerated as consumers and businesses adapt to the new environment. As a …

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