Daily archives: August 1st, 2016

FINTS EVENING HIGHLIGHTS (1 August 2016)

China’s box office in July fell 18.2% from a year earlier to about 4.5 billion yuan: Tencent Didi Chuxing to merge with Uber’s China business at $35 billion valuation; Didi Chuxing to invest $1 bln…


China to issue SDR valuation bonds

ICBC Asia will begin issuing SDR valuation bonds in China starting end of August, according to Yicai.com citing personnel familiar with the matter. Correspondingly, its performance will be graded by domestic institutions. According to a…


Theresa May postpones UK nuclear project involving Chinese company

Progress for the construction of Hinkley Point C, a proposed set of two nuclear plants in Somerset, UK, has been halted on July 28 upon concerns over China’s involvement in the project. Originally planned at…


CHINA STOCK MARKET ROUNDUP (1 August 2016)

China’s stock market closed lower on Monday, as more investors took a wait-and-see attitude amid escalating oversight over speculation. By the close, the Shanghai Composite Index lost 0.87%, at 2,953.39 points, while the Shenzhen Component…


China’s manufacturing PMI reaches 49.9% in July

China’s manufacturing PMI in July was recorded at 49.9%, stabilizing amid a 0.1 ppt m-o-m decrease and hitting the verge of the downward threshold, according to data jointly released by the National Bureau of Statistics…


FINTS LUNCH TRAY (1 August 2016)

A Chinese consortium, led by Shanghai Giant Network Technology Co. and Yunfeng Capital, has agreed to buy Caesars Entertainment Corp.’s online casino-style games unit Playtika Ltd. for $4.4 billion, Chongqing New Century Cruise Co.,Ltd.,the listing…


PBoC establishes official online clearings platform, third party platforms to be obliterated

Amid the rapid development of online and mobile payments in the China market, the People’s Bank of China’s framework proposal on the establishment of a unified clearings platform as designed by the Payment & Clearing…


FINTS MORNING BRIEF (1 August 2016)

Sales of fast moving consumer goods in the second quarter gained 4.6% YoY Unified registration platform for real estate is slated to be set up by the end of next year Several provincial food and…