Daily archives: July 13th, 2016

FINTS EVENING HIGHLIGHTS (13 July 2016)

The State Asset Regulatory Commission announced the establishment of China’s Aviation Engine Group Co., LTD In its latest crackdown on unauthorized activities in cyberspace, China’s Ministry of Culture has punished 16,800 offenders and shut down…


DALIAN WANDA’S U.S. UNIT BUYS LEADING EUROPEAN CINEMA OPERATOR

AMC Entertainment, a U.S. chain owned by Chinese conglomerate Dalian Wanda, announced Tuesday that it has entered into a definitive agreement to buy out Europe’s largest movie theater operator Oden & UCI Cinema Group for…


MODEST RECOVERY IN STOCK MARKET COULD BE SEEN JULY AND AUGUST: ANALYSTS

Led by airport, shipping, coal and steel stocks, China’s stock market posted solid gains on July 12. By the end of the trading, the Shanghai Composite Index jumped 1.82%, to 3,049.38 points, while the Shenzhen…


CHINA FILM GROUP CO WINS APPROVAL ON IPO APPLICATION

China Film Group Corporation (CFGC) finally won the approval on its initial public offering (IPO) application from China’s securities regulator on Jul 8, following at least three previous failures. China Securities Regulatory Commission (CSRC) on…


CHINA STOCK MARKET ROUNDUP (13 JULY 2016)

China’s stock market closed higher on Wednesday, with small-cap stocks outperforming the large-cap shares after heavyweight stocks in airport, coal and steel stocks posted their solid gains on Tuesday. By the close, the Shanghai Composite…


APPROVAL PROCESS FOR ZHONGGUANCUN BANK UNDERWAY

The approval process for the establishment of Zhongguancun Bank, a proposed privately owned bank, is currently underway at the China Banking Regulatory Commission, according to the 21st Century Business Herald. Reportedly, the proposed chairman and…


CHINESE CYBERSTAR PAPI JIANG’S LIVE STREAMING DEBUT DRAWS 20 MILLION VIEWERS

Chinese internet celebrity Papi Jiang debuted her live streaming comedy show on Monday night via eight leading live streaming platforms, attracting more than 20 million viewers in the one and a half hours’ program. The…


MCDONALD’S STRIVES TO ATTRACT BIDDERS FOR FRANCHISERS IN HONG KONG AND MAINLAND CHINA

In a bid to seek franchising to expand the brand, McDonald’s has reportedly turned down many bidders since they are not considered top tier companies, said a source close to the company. According to McDonald’s,…


FINTS LUNCH TRAY (13 July 2016)

Outstanding amount of margin financing in two exchanges as of July 12 increased 4.872 billion yuan to 870.054 billion yuan, the highest level since April 22 The Draft Environmental Protection Tax Law will likely be…


BRICS BANK TO ISSUE 3 BILLION YUAN GREEN BOND

The New Development Bank, a multilateral development bank jointly founded by the BRICS countries, announced on July 12 in Shanghai that it plans to issue 3 billion yuan worth of five-year green bonds in China…


POKEMON GO SETS OFF MARKET POTENTIAL OF AR AND VR TECHNOLOGIES

Riding on the wave of the popularization of AR and VR technologies, as well as the launch of Pokemon Go in early July, stocks of Chinese companies focusing on relevant technologies have risen tremendously in…


FINTS MORNING BRIEF (13 JULY 2016)

Bank of Communications’ financial research center predicts that the central bank is likely to lower reserve ratio in the next half year and forecasts that the GDP growth rates for the 2nd, 3rd and 4th…