Northbound Funds Make Strong Market Entry with Net Purchase of 6 Billion Yuan
On March 8, northbound funds accelerated their market entry in the afternoon, with net purchases of 6 billion yuan throughout the day; including net purchases of 3.591 billion yuan in Shanghai Stock Connect and 2.41 billion yuan in Shenzhen Stock Connect. Among the top ten traded stocks, Sungrow, Zijin Mining, and LONGi Green Energy were […]
Xiaomi Motors to Develop Extended-Range Electric Vehicles: Plans and Progress
Xiaomi Motors Expands into Extended-Range Electric Vehicles According to reliable sources, Xiaomi Motors has taken a strategic decision to venture into the development of extended-range electric vehicles. The company has not only laid out plans for the production of these futuristic automobiles but is also actively exploring innovative breakthroughs in this field. On its recruitment […]
Hainan Province Announces Measures to Promote and Support New Energy Vehicles
Hainan Provincial Government Announces Measures to Promote New Energy Vehicles The Hainan Provincial Government, in collaboration with the Department of Industry and Information Technology, recently unveiled a series of measures aimed at encouraging the adoption and utilization of new energy vehicles in Hainan Province from 2023 to 2025. This move is expected to pave the […]
US Stock Market Falls as Tech Stocks and Energy Stocks Decline; Chinese Concept Stocks Also See Declines
US Stock Market Closes with Declines as Tech and Energy Stocks Take a Hit September 20, 2022 The US stock market saw a collective decline as the major indexes closed on September 20. The Dow Jones Industrial Average fell by 0.22%, settling at 34,440.88 points, while the S&P 500 dropped 0.94% to 4,402.20 points. The […]
US Stock Indexes Close Slightly Lower as Major Tech Stocks Experience Mixed Results
Title: US Stock Market Ends with Slight Decline; Major Tech and Chinese Concept Stocks Show Mixed Performance Byline: [Your Name], Financial Reporter Date: [Current Date] — Latest market data reveals that on September 19th, the three major US stock indexes closed marginally lower. The Dow Jones Industrial Average registered a decline of 0.31%, settling at […]
Tourism Industry Review: Increasing Volumes and Decreasing Prices, with Focus on Leisure Travel Recovery
According to a research report by Guosen Securities, the tourism industry is experiencing an interesting trend of increasing volumes and decreasing prices. Notably, leisure travel seems to be making a faster recovery compared to business travel. Since the beginning of this year, there has been a gradual improvement in overall consumption, supported by compensating demand. […]
China and Mongolia Establish State-owned Assets and Enterprises Exchange and Cooperation Foundation
According to a report by the Securities Times, the China-Mongolia State-owned Enterprise Reform and Development Seminar took place on September 7th during the Fourth China-Mongolia Expo in Hohhot. The seminar, jointly sponsored by the State-owned Assets Supervision and Administration Commission of China and Mongolia, was hosted by the State-owned Assets Supervision and Administration Commission of […]
Supreme People’s Procuratorate and Ministry of Public Security Crack Down on Cross-Border Telecommunications Network Fraud in Third Wave of Cases
Supreme People’s Procuratorate and Ministry of Public Security Collaborate in Uncovering Five Major Cross-Border Telecommunications Fraud Cases In a joint effort, the Supreme People’s Procuratorate and the Ministry of Public Security recently spearheaded the investigation and prosecution of five significant cross-border telecommunications fraud cases. The objective is to dismantle criminal networks, expose their leaders, and […]
Improving Social Financing Situation in China Raises Concerns for Market Sustainability
According to a research report by China Merchants Securities, the social financing situation in China experienced improvement in August, as expected. Factors such as increased government bond issuance and banks utilizing bank notes for loan repayment contributed to this positive trend. However, sustainability will likely be a concern for the market in the near future. […]
China’s New Foreign State Immunity Law: Exploring the Motives behind the Adjustment
China Modifies Foreign State Immunity Law for Improved Legal System The Ministry of Foreign Affairs recently announced a significant adjustment to China’s “Foreign State Immunity Law,” allowing Chinese courts to accept cases where foreign countries are defendants. This departure from China’s previous stance of “absolute immunity” has raised questions regarding the rationale behind this change. […]
