China Finance

Chinese securities regulator ready to communicate with US counterparts on audit oversight cooperation

China’s Securities Regulatory Commission said on Friday it was ready to communicate more with counterparts in the United States on audit oversight cooperation. “Currently, dialogues on audit oversight cooperation between Chinese and US regulators are continuing and have resulted in positive progress,” the CSRC said. The CSRC said it welcomes …

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Nicox Announces First Patient Screened In China In Ongoing NCX 470 Denali Phase 3 Glaucoma Trial

December 16, 2021 – release at 7:30 am CET Sophia Antipolis, France Nicox SA (Euronext Paris: FR0013018124, COX), an international ophthalmology company, today announced that the first patient has been screened in China as part of the ongoing Denali Phase 3 clinical trial, paving the way for submissions new drugs …

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Japan pledges record $ 3.4 billion to World Bank for low-income countries

TOKYO, Dec.15 (Reuters) – Japan has pledged $ 3.4 billion as its largest contribution to the World Bank’s International Development Association (IDA) to secure recovery for low-income countries after the COVID-19 pandemic, finance ministry officials said. Tuesday. The pledge came as Japan hosted an online meeting on the 20th IDA …

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Chinese solar giants bid to dominate hydrogen power

(Bloomberg) – Chinese companies have spent 10 years aggressively maneuvering to become the dominant players in solar power. Now they are looking to lead the way in the development of the next big innovation in clean energy: hydrogen. Bloomberg’s Most Read Major solar power makers, including Longi Green Energy Technology …

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Oil prices rise as Omicron fears fade

Oil markets are starting to show signs of recovery following news that Omicron’s impact on demand may not be as large as originally thought. Friday, December 10, 2021 Oil markets as a whole heaved a sigh of relief upon learning that the Omicron variant of COVID-19 may not be as …

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China courts global capital on its own terms

December 11, 2021 ESINCE At the start of the trade war between America and China, investors, politicians and businesses tried to gauge how well and how quickly the world’s two largest economies will decoupling. The finance model is clarified with the announcement that Didi Global, a Chinese ridesharing company, is …

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Australia joins diplomatic boycott of Beijing Winter Olympics

(Bloomberg) – Australia to join US-led diplomatic boycott of the Beijing Winter Olympics to protest the country’s alleged human rights violations, in a bid to further worsen relations between the two countries. Bloomberg’s Most Read Prime Minister Scott Morrison’s decision makes Australia the first major country to follow the United …

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Global stocks are mixed as China prepares to boost markets

BANGKOK (AP) – European stocks and US futures rose on Monday after a lackluster day in Asia, where stocks fell in Hong Kong and Shanghai after struggling Chinese real estate developer Evergrande warned it could running out of money. Take action to reassure investors and avoid blocking growth, The central …

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2 major market risks for 2022, according to Bank of America

Markets should be wary of high inflation and the potential spread of new COVID variants in 2022, a new report from the Bank of America (BAC) warns. “Future waves of COVID are the biggest downside risk,” the report notes. “On the upside, supply is waking up to meet the gains …

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Ascletis announces the inclusion in the new catalog of the Chinese national list of reimbursed drugs (NRDL) of the ASCLEVIR® / GANOVO® regimen, an all-oral direct anti-HCV therapy

HANGZHOU, China and SHAOXING, China, December 3, 2021 / PRNewswire / – Ascletis Pharma Inc. (HKEX: 1672) today announced that its all-oral direct anti-hepatitis C virus (HCV) ASCLEVIR® (Ravidasvir) / GANOVO® (Danoprevir) has been included in the Catalog of medicines for basic national health insurance, occupational accident insurance and maternity …

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SQZ Biotechnologies Announces Acceptance by Roche Accelerator in China | Business and finance

WATERTOWN, Mass .– (BUSINESS WIRE) – December 1, 2021– SQZ Biotechnologies Company (NYSE: SQZ), a cell therapy company developing new treatments for multiple therapeutic areas, today announced that its Chinese initiative has been accepted by the Roche Accelerator. Launched earlier this year, the accelerator is Roche’s first internal accelerator in …

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Alibaba faces new crocodiles in the Yangtze

This article is an on-site version of our #techFT newsletter. Register now here to receive the complete newsletter directly to your inbox every day of the week “EBay is a shark in the ocean, but I am a crocodile in the Yangtze River. If we fight in the ocean we …

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Decoupling is the last thing on the minds of business leaders

November 27, 2021 IF YOU WANT To understand how Asia’s view of the world order has changed, consider the remarks of Lee Hsien Loong, Prime Minister of Singapore. When asked recently if China is on the rise and the United States is on the decline, he responded in a nuanced …

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EHang to Release Third Quarter 2021 Unaudited Financial Results on Thursday, December 2, 2021

GUANGZHOU, China, November 26, 2021 (GLOBE NEWSWIRE) – EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the global leader in autonomous aerial vehicle (“AAV”) technology platforms, today Hui announced that it will release its unaudited financial results for the third quarter ended September 30, 2021 on Thursday, December 2, …

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Here’s how Alarice founder Ashley Dudarenok is helping international businesses unlock China, the world’s largest electronics market

VANCOUVER, BC / ACCESSWIRE / November 24, 2021 / The pandemic has accelerated the digitization of people’s lives. According to a recent UNCTAD report, by 2022, global internet traffic is expected to exceed all previous internet traffic combined through 2016. About 80% of this traffic is associated with video sharing …

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Land Tax Concerns for Chinese Homeowners and Buyers Amid Xi Jinping’s Common Prosperity Campaign

“We must actively and steadily push forward land tax legislation and reform, and carry out the pilot projects well,” President Xi Jinping said in August when he explained his vision of leading the Chinese people to the so-called common prosperity, with the property tax being one of the main objectives. …

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Exclude or not? Grain analyzes evolve as China increases imports

By Karen Braun FORT COLLINS, Colo. (Reuters) – The practice of excluding China from global wheat and corn scans has grown in recent years due to rising stocks in the country. However, last year China became the top importer of corn as domestic prices soared. Is the exclusion therefore still …

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Global Iron Ore Market Report 2021: Demand For Iron Ore Grows As Global Economy Bounces With COVID-19 Pandemic Declining

DUBLIN, November 16, 2021– (COMMERCIAL THREAD)–The “Iron Ore – Global Market Trajectory and Analysis” report was added to ResearchAndMarkets.com offer. Global iron ore market to reach 2.7 billion metric tons by 2026 Supported by end-use industries and the positive outlook in developed and developing economies, demand for steel is expected …

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Finance Minister Simon Birmingham slams ‘dangerous and narrow’ pro-China remarks by former PM Paul Keating

Finance Minister Simon Birmingham blasted Labor heavyweight Paul Keating’s pro-China criticism of the Coalition’s Indo-Pacific defense decisions, calling his comments “frankly dangerous”. Former Labor Prime Minister Paul Keating’s scathing assessment of the Morrison government’s policy decisions in the Indo-Pacific was called short-term, narrow and dangerous by Finance Minister Simon Birmingham. …

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Antengene obtains IND approval in China for phase Ib study of ATG-008 (Onatasertib) in combination with ATG-010 (Selinexor) in patients with diffuse large B-cell lymphoma

SHANGHAI and HONG KONG, November 2, 2021 / PRNewswire / – Antengene Corporation Limited (“Antengene”, SEHK: 6996.HK), a leading innovative biopharmaceutical company dedicated to the discovery, development and commercialization of world-leading and / or world-leading therapeutics Order in Hematology and Oncology, today announced that from China The National Medical Products …

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China’s long wait for a tax everyone likes to hate

IF SUN YAT-SEN if he had succeeded, China would have been a bold pioneer in real estate taxation. During his exile in Europe from 1896 to 1898, the Republican revolutionary fell under the spell of Henry George, an influential American journalist who believed that a single property tax should replace …

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Moldova considers Chinese investments, wary of Montenegro route | Business | Economic and financial news from a German point of view | DW

The Moldovan Embassy in Beijing recently presented 20 projects in the post-Soviet republic for potential Chinese investment. Worth a total of $ 1 billion (880 million euros), Moldovan Ambassador to Beijing Dumitru Braghis told Chinese authorities that the key sectors to be seized are medicine, pharmaceuticals, IT, transport, viticulture and …

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Youth Forum on Primary Finance held in Shanghai

On October 15, 2021, the first New Finance Youth Forum on the theme “New Era · New Finance · New Youth” was held in Shanghai. The discussion set up the opening ceremony and the leader’s speech, the message from the world leader, the distribution function of the new financial plan …

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FirstFT: Chinese coal futures hit record high

Chinese coal futures have reached record highs as flooding closed dozens of mines and displaced more than 100,000 people, strangling the country’s main fuel source for electricity and exacerbating a global energy crisis. Coal futures traded on the Zhengzhou Commodity Exchange climbed 11.6% to close at a record 1,408.20 Rmb …

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OP-ED: All in green

China tells potential recipient countries that financing coal is no longer an option Chinese President Xi Jinping recently announced to the United Nations General Assembly that China “will not build new overseas coal-fired power projects.” Chinese banks have already shifted into high gear. Three days after Xi’s speech, the Bank …

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Understanding the chaos in commodity markets

October 2, 2021 TIT WORLD slot car racing championships are a microcosm of chaos. Tiny models of remote control cars ascend, descend and exit a complicated circuit faster than bewildered spectators can follow. It is impossible to predict the winners. This year’s race, which was scheduled to take place in …

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How Dickensian is China?

October 2, 2021 WIT IS HIS fast trains, super apps, digital payments and techno-surveillance, China may appear to be a vision of the future. But for some academics, like Yuen Yuen Ang of the University of Michigan, it is also reminiscent of the past. Its accumulation of wealth and elaborate …

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IPOs slow globally in Q3 after frantic start to 2021

Traders work during the IPO of Chinese rideshare company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York, United States on June 30, 2021. REUTERS / Brendan McDermid September 30 (Reuters) – Initial public offerings (IPOs) generally slowed in the third quarter of 2021 from …

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It’s time for China’s Belt and Road to go green

(MENAFN- Asia Times) Chinese President Xi Jinping recently told the United Nations General Assembly that China “will not build new overseas coal-fired power projects.” Chinese banks have already shifted into high gear. Three days after Xi’s speech, the Bank of China said it would no longer fund new coal and …

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HKEX launches new market access platform for securities trading

“The launch of OCG-C underscores HKEX’s commitment to leveraging the latest technologies to create reliable, resilient and efficient platforms and processes. Hong Kong Exchanges and Clearing Limited (HKEX) launched Orion Central Gateway – Securities Market (OCG-C), offering improved performance and reduced latency, compared to the platform provided by the vendor …

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How China plans to avoid financial crisis Evergrande

“The government can put them under surveillance and put pressure on them through their employers or relatives not to create problems,” said Minxin Pei, professor of government at Claremont McKenna College, who writes a study on China’s internal security apparatus. China has a long way to go on its ability …

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Huawei CFO Meng Wanzhou leaves Canada for China

(Bloomberg) – Almost three years after her arrest at a Vancouver airport, Huawei Technologies Co. financial director Meng Wanzhou left Canada on a flight to China on Friday afternoon, according to a person familiar with the matter. Bloomberg’s Most Read Meng, who had struck a deal to end the U.S. …

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Federal Reserve plans to hike rates in 2022

This is an audio transcript of the FT News Briefing podcast episode: Federal Reserve plans to hike rates in 2022 Marc FilippinoHello from the Financial Times. Today is Thursday, September 23. And this is your FT News Briefing. [MUSIC PLAYING] The Federal Reserve’s timetable for raising interest rates appears to …

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Experts call for a boost to green finance

MA XUEJING / CHINA DAILY Risk mitigation, innovative products are among the main recommendations China should improve the risk mitigation mechanism of green finance and develop innovative financial products whose underlying assets are energy equity such as emission credits and energy consumption quotas, to achieve a peak carbon emissions by …

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Chinese tech crackdown is India’s win, venture capitalist says

(Bloomberg) – China’s crackdown on its tech industry means global investors seeking exposure to emerging markets will turn their attention to India, said Sumant Mandal, managing partner of the capital investor – American risk March Capital Partners. Investors are now placing more emphasis on “government risk” when evaluating Chinese technology …

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Beijing Stock Exchange could be an alternative to SPAC listings by innovative Chinese tech companies, trade group says

A new stock exchange slated for Beijing could be a potential alternative for emerging Chinese tech companies that may consider going public through Special Purpose Acquisition Companies (SPACs), especially as China is monitoring listings more closely. overseas in the sector, according to an influential trade group and market watchers. Unveiled …

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Fitch Downgrades China Evergrande, Sees “Likely” Default

By Andrew Galbraith (Reuters) -Fitch Ratings lowered the ratings of China Evergrande Group and two of its subsidiaries on Wednesday, the latest in a series of downgrades targeting the real estate company amid concerns over its ability to restructure its massive debts. Regulators have warned that Evergrande’s liabilities of 1.97 …

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Chinese credit beats Asian peers as Huarong worries fade

(Bloomberg) – Despite China’s regulatory crackdown on private companies and the China Evergrande group’s worsening woes, the nation was the place to go in Asia for corporate bond yields in August, and the optimism could persist. That’s because one of the worries hanging over the nation’s bond investors eased after …

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Business News | Stock market and stock market news

Search for quotes, news, net asset values ​​of mutual funds Yes Bank INE528G01035, OUIBANQUE, 532648 Addiction INE002A01018, RELIANCE, 500325 TIC INE154A01025, ITC, 500875 Tata Engines INE155A01022, TATAMOTORS, 500570 ICICI Bank INE090A01021, ICICIBANK, 532174 Search for quotes, news, net asset values ​​of mutual funds Yes Bank INE528G01035, OUIBANQUE, 532648 Addiction INE002A01018, …

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Stocks stretch gains, hovering near record highs

Stocks gained on Tuesday, hovering near all-time highs as optimism about earnings and the economic reopening at least temporarily offset lingering concerns about the virus and monetary policy changes. The S&P 500 rose slightly. Major tech stocks including (AMZN) increased their gains and the Nasdaq outperformed to set an intraday …

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OneConnect announces that its management intends to increase its participation, demonstrating confidence in the prospects of its business

SHENZHEN, China, August 12, 2021– (COMMERCIAL THREAD) – OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT), a leading technology-as-a-service platform for financial institutions in China, today announced that it has been briefed by its President and CEO and certain other members of its management team of their …

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India, US see cash inflows after China crackdown

By Divya Chowdhury MUMBAI, Aug.11 (Reuters) – India, the United States and parts of other emerging markets have seen inflows of funds redirected from China as recent regulatory crackdowns in the world’s second-largest economy have spooked investors. markets, according to seasoned investor Mark Mobius. “I would say half the money …

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