Daily archives: August 4th, 2016

China Evergrande buys 4.68% stake in Vanke

Hong Kong listed real estate developer China Evergrande Group said in a statement that as of August 4, it had bought up to 4.68% of Vanke, another prominent Hong Kong listed Chinese developer mired in…


FINTS EVENING HIGHLIGHTS (4 August 2016)

The first-half net profit of the member companies of the China Iron and Steel Association (CISA) soared to 12.59 billion yuan, up 427% from the same period last year, but the sales profit margin was…


Wanda Cinema stalls Hollywood dreams due to alleged regulatory adjustments

Wanda Cinema Line issued an announcement on August 1 declaring a suspension of major assets restructuring involving Wanda Media and Legendary Pictures, and promised that no additional such moves would be made for the rest…


CHINA STOCK MARKET ROUNDUP (4 August 2016)

China’s stock market closed higher on Thursday, with heavyweight stock Vanke’s A-shares rising by its 10% daily limit after Chinese media reported that property developer Evergrande had purchased up to 2% of its stake. By…


McDonalds and Yum! Restaurants continue to seek franchisees in greater China

Following McDonald’s and Yum! Restaurants’ fluctuations in sales over the years due to food safety issues and increase in consumer health consciousness, the companies have been accelerating their footsteps in seeking franchisers in the greater…


FINTS LUNCH TRAY (4 August 2016)

Guotai Junan Securities made an official apology to car hailing app Didi Chuxing on Wednesday night after having mistaken an unidentified person for a vice president of the company during a roadshow on Tuesday morning:…


Slack summer season in box office following widespread fraudulent numbers

China’s theater box office in July dropped 18% y-o-y despite a traditionally hot summer season and second quarter, after authorities imposed a sanction on Ip Man 3 in March over inflated and fraudulent box office…


FINTS MORNING BRIEF (4 August 2016)

The National Development and Reform Commission, the state planner, revised its morning statement in the evening yesterday, deleting words saying that the country will find an appropriate time to cut interest rates and the reserve…