Daily archives: July 4th, 2016

FINTS EVENING HIGHLIGHTS (4 July 2016)

China is studying the new economy and is devising new methods to assess its contribution to GDP, Xu Xianchun, deputy chief of China’s National Bureau of Statistic said People close to Baoneng, the largest shareholder…


VANKE A SHARES PLUNGE BY DAILY LIMIT

The A shares of Vanke, China’s largest property developer, slumped by the nation’s trading limit of 10% to 21.99 yuan at opening today after six months off the market. Vanke’s A-share trading was then halted…


61 CHINESE IPOS IN FIRST HALF OF 2016 RAISE 30 BILLION YUAN, DOWN 80% YOY

61 Chinese companies went public on China’s A-share markets in the first half of this year, raising nearly 30 billion yuan from investors, according to statistical data from Wind Info, a Chinese financial data provider….


3 BILLION YUAN-DENOMINATED GREEN BONDS EXPECTED TO BE ISSUED IN JULY OR AUGUST

Mr. Paulo Nogueira Batista Jr., Vice President and Chief Risk Officer of the New Development Bank (NDB), unveiled that 3-billion-yuan worth of denominated green bonds are to be issued in Jul or Aug, 2016, in…


SAPPRFT INITIATES APPROVAL PROCESS FOR MOBILE GAMES

Starting July 1, all mobile games launched in China will need to have received approvals from the State Administration of Press, Publication, Radio, Film and Television (SAPPRFT), more commonly known as the nation’s censorship bureau….


China Stock Market Roundup (4 July 2016)

China’s stock market closed up on Monday, as investors were expecting that China will roll out more stimulus measures to counter a slowing economy. By the close, the Shanghai Composite Index climbed 1.91%, at 2,988.6…


CHINA EYES LOOK FOR ALIEN LIFE WITH WORLD’S LARGEST RADIO TELESCOPE

China completed constructing the main body of the world’s largest radio telescope to hunt for signs of extraterrestrial life in deep space. The Five-hundred-meter Aperture Spherical Telescope, or FAST, is the size of 30 football…


CHINA AGRIBUSINESS MAGNATE EYES MOBILE INTERNET FINANCE VENTURE

Liu Yonghao, a co-founder of Minsheng Bank and CEO of New Hope Group, is turning to mobile Internet finance, noting that “entrepreneurs cannot count on the traditional banking industry”. Sichuan Hope Bank has received approval…


FINTS LUNCH TRAY (4 July 2016)

The General Office of the State Council released eight measures to further promote the healthy development of private investment China Foreign Exchange Trade System said the CFETS RMB Index on July 1 2016 closed at…


BREXIT EXPECTED TO HAVE LIMITED IMPACT ON HONG KONG MARKETS

Carlson Tong Ka-shing, chairman of Hong Kong’s securities regulator, said that Hong Kong’s financial markets are now operating in an orderly manner in wake of Brexit. Tong told the South China Morning Post that after…


INGDAN.COM JOIN HANDS WITH INTEL AND JAPANESE SUPPLIERS TO BUILD CONSUMER-ROBOT PLATFORMS

Ingdan.com, a Shenzhen based electronics platform backed by Hong Kong listed ecommerce hardware company Cobobuy.com, has recently joined hands with Intel and Japanese suppliers to take advantage of China’s booming robotics market. Established in 2013,…


HEALTH & FITNESS INCREASINGLY IMPORTANT FOR CHINA’S MIDDLE CLASS

While flaunting the newest luxury handbags, watches or overseas vacation trip as status symbols is nothing new, a growing number of Chinese consumers, predominantly middle class urban dwellers, are now recognizing the importance of and…


CHINA MOBILE VOWS TO GROW ITS INTERNET-OF-THINGS REVENUE TO $15 BILLION BY 2020

Qiao Hui, deputy general manager of China Mobile, said on Jun 29 that the telecom giant is expected to generate 100 billion yuan ($15 billion) via connecting 5 billion items as of 2020. On the…


FINTS MORNING BRIEF (4 JULY 2016)

Vanke states before trading resumption that medium and small investor’s interests must be protected Vanke’s board unanimously objects its largest shareholder Baoneng’s request to convene an extraordinary meeting of shareholders, on which Baoneng plans to…