Daily archives: July 22nd, 2016

FINTS EVENING HIGHLIGHTS (22 July 2016)

Premier Li said that the world is faced with the problem of excess production capacity; China has cut its coal production capacity by 8% during the first half China will start the research and development…


CHINA’S H1 BOX OFFICE REVENUE GROWTH DISAPPOINTING: ANALYSTS

China’s box office revenue in the first six months of 2016 rose 21% year on year to 24.6 billion yuan, showed official data released by the Department of Commerce this week. Although the growth rate…


OPPORTUNITIES AND CHALLENGES COEXIST IN CHINA’S EXPRESS DELIVERY INDUSTRY

The express delivery industry in China has witnessed an explosive growth in the past three years. Statistics show that approximately one in ten permanent urban and town residents has one express item to receive each…


76.73 BILLION YUAN POURED INTO FUND MARKET IN SECOND QUARTER OF 2016

700 shares brought in large quantities by 1,859 fund products as of 2016’s second quarter accounted for 25% of all listed companies, according to Wind Information, a market leader in providing accurate and real-time financial…


REGULATORS DEVISING TECHNICAL AND OPERATIONS STANDARDS FOR MOBILE PAYMENT

Thanks to the increasing popularity of mobile paying, China’s central bank the People’s Bank of China has ordered the Payment and Clearing Association of China to spearhead and devise a set of technical and operations…


CHINA STOCK MARKET ROUNDUP (22 JULY 2016)

China’s stock market closed down on Friday, with investors taking profit after recent gains. By the close, the Shanghai Composite Index lost 0.86%, to 3,012.82 points, while the Shenzhen Component Index fell 0.72% to 10,709.07…


FINTS LUNCH TRAY (22 July 2016)

China’s completed freight volume in the first half of this year rose to 19.74 billion tons, up 3.1% from a year earlier: Ministry of Transport Investment income generated by China’s insurance funds in the first…


SAMSUNG ACQUIRES 1.92% STAKE IN BYD TO BOOST AUTOMOBILE CHIPS BUSINESS

BYD, China’s leading electric vehicle maker, announced on Jul 21 that Shanghai Samsung Semiconductor Co Ltd agreed to acquire a 1.92% stake in the electric vehicle and battery manufacturing giant for nearly 3 billion yuan…


DIDI CHUXING PROVIDES WORK OPPORTUNITIES FOR CHINA REEMPLOYMENT

Car-hailing company Didi Chuxing says that it has offered more than two million jobs to laid-off workers, workers exposed to unemployment risk, the unemployed, and ex-soldiers in 17 heavy-industry provinces, according to a research conducted…


SHENHUA DENIES MERGER TALKS WITH CHINA’S BIGGEST ATOMIC POWER GENERATOR

Both Shenhua Group, China’s largest coal producer, and China General Nuclear Power Corp (CGN), the biggest generator of atomic power in the country, denied that they would merge in separate statements late on Thursday after…


VANKE SEALS DEAL TO ACQUIRE 96.55% OF BLACKSTONE GROUP’S PROPERTY ASSETS

Chinese real estate giant Vanke announced on July 21 that along with other partners, it has closed a $1.9 billion deal with Blackstone Group, with itself putting down $583 million to acquire the latter’s property…


FINTS MORNING BRIEF (22 JULY 2016)

The State Council calls for deepening reform for science and technology industry of national defense through introducing social capital and facilitating the military to civilian conversion Brazil slaps a five-year anti-dumping tax on Chinese steel…