Daily archives: July 18th, 2016

FINTS EVENING HIGHLIGHTS (18 July 2016)

China Telecom Corp. said it plans to introduce full traffic billing by converting voice calls and text messages to traffic for unified billing and will phase out long-distance and roaming fees The S&P forecasted China’s…


CHINA STOCK MARKET ROUNDUP (18 JULY 2016)

China’s stock market closed down on Monday,  with main indexes moving in and out of positive territory in a range-bound session. By the close, the Shanghai Composite Index edged 0.35% lower, to 3,043.56 points, while…


UBI EXPECTED TO ESTABLISH IN CHINA WITHIN FIVE YEARS: STRATEGY&

Usage-based insurance (UBI), a type of auto insurance also known as pay as you drive (PAYD) and pay how you drive (PHYD), is a type of vehicle insurance whereby the premiums are depended upon type…


LISTED STEELMAKERS REPORT SIZABLE PROFITS OVER FIRST HALF OF 2016

Out of the 1,667 listed companies on the Shanghai and Shenzhen bourses that have announced their semi-annual reports by last Friday, 1,430, or close to 86%, have reported profits thus far into 2016. In stark…


FINTS LUNCH TRAY (18 July 2016)

China Foreign Exchange Trade System (CFETS) said CFETS RMB Index on July 15 2016 closed at 94.38, losing 0.13% from a week earlier China has room to increase its fiscal deficit ratio to between 4…


CHINA’S NEW HOME PRICE GROWS AT A MUCH SLOWER PACE IN JUNE

Home prices in 70 Chinese cities grew at a much slower pace in June, with month-on-month price gains in first-tier cities slightly expanding while gains in second and third-tier cities continuing to narrow, official data…


AIR QUALITY IN CHINA’S CITIES REPORTEDLY CONTINUES TO IMPROVE

China’s Ministry of Environment said over the weekend that air quality in the country’s 338 cities, including prefecture cities and provincial capitals, has been gradually improving as a whole in the first half of 2016….


AUTO SALES IN CHINA EXPECTED TO REMAIN ROBUST FOR REST OF 2016 THANKS TO SUVS AND NEVS

Sales of new cars in the China auto market is expected to be continuously robust for the latter half of this year, following strong June sales, government incentives and growth in the SUVs and electric…


TUNIU EYES HI-END TOURISM PROVIDER FOR AIR TICKETING AND HOTEL BOOKING

Tuniu Corporation, a leading online leisure travel company in China, announced during its product release conference on Jul 13 that the company has kicked off its online booking services for air tickets and hotels rooms,…


FINTS MORNING BRIEF (18 JULY 2016)

Industrial & mechanical stocks are the favored ones among the 435 stocks under research by institutions within a month: Securities Daily; China’s securities regulator lowered the ratings of 58 securities trades among the 95 eligible…