Daily archives: July 11th, 2016

FINTS EVENING HIGHLIGHTS (11 July 2016)

China’s June vehicle sales rose 14.6% to 2.07 million: China Automotive Industry Association China’s economic growth likely cooled to a fresh seven-year low of 6.6 percent in the second quarter as the industrial sector loses…


BONDHOLDERS VETO ANGANG GROUP’S ‘ASSET CHECKUP’ PROPOSAL

Angang Group, one of China’s major steelmakers, said in a statement on July 5 that bondholders of its 2016 first tranche short term bills (16 Angang Group CP001) have vetoed its “asset checkup” proposal, and…


CHINA POSES TOUGHER RULES ON ONLINE ADVERTISING

New regulations on online advertising released on Friday will affect search, e-commerce and social-networking sites. The rules, which will come into effect in September, are introduced by the State Administration for Industry and Commerce (SAIC)…


CHINA SEES TREMENDOUS GROWTH IN AIRCRAFT LEASING MARKET

Cutthroat competition occurs amid skyrocketing growth rate of fleet size in domestic aircraft leasing companies, reported the 21st Century Business Herald. An increasing number of aircraft enterprises are turning to renting airplanes to expand their…


CHINA STOCK MARKET ROUNDUP (11 JULY 2016)

China’s stock market closed up on Monday, but main indexes dived in the late-afternoon trading. By the close, the Shanghai Composite Index rose 0.23%, to 2,994.92 points, while the Shenzhen Component Index was 0.16% lower…


COOLPAD EXPECTED TO INCUR HKD 1.89 BILLION LOSS OVER FIRST HALF OF 2016

Coolpad, a domestic cellphone and telecom equipment manufacturer, has issued a profit warning over the weekend after its cellphone focused joint venture established at the end of 2014 with internet giant Qihoo 360 reportedly suffered…


DIDI, UBER QUIETLY CUT RIDE SUBSIDIES

China’s leading taxi-hailing app Didi Chuxing and its U.S. competitor Uber have been reportedly lowering subsidies to drivers in a number of cities since last month, correspondingly raising ride prices for passengers. The two companies…


FINTS LUNCH TRAY (11 July 2016)

China will soon publish its energy planning for the “13th five-year” period, and the proportion of non-fossil energy will be raised: Economic Information Daily Agricultural Bank of China is to issue the country’s largest bundle…


CHINA’S CONSUMER INFLATION RECEDES MILDLY IN JUNE

Consumer inflation in China decelerated in June amid the gloomy economy, with its Consumer Price Index (CPI) increasing 1.9% YoY, well below China’s 2016 target ceiling of 3%, giving the policy makers ample space to…


US LISTED CHINESE EDUCATION STOCKS SOAR OVER 40% SINCE MSCI’S INCLUSION

According to data compiled by Bloomberg, 10 out of the 14 Chinese stocks added to the MSCI China Index have plunged despite optimistic outlook by global investors, and only two education-related stocks have bucked the…


FLIGHT INSURANCE BUSINESS LOSING GROUND IN CHINA

Insurance companies and travelers are increasingly losing interest in flight-delay relevant insurances due to the prevalence of delays domestically. The mutual loss of interest perhaps feed off one another, as insurers are either moving away…


FINTS MORNING BRIEF (11 JULY 2016)

Essence Fund sets up a 1.5-billion-yuan fund to buy Vanke’s mainland-traded shares (A shares) though secondary stock market The National Development and Reform Commission calls for measures to keep prices of farm products stable during…