Daily archives: August 11th, 2016

Fints evening highlights (11 August 2016)

China’s P2P platforms increased to 4,567 as of the second quarter, an increase of 300 compared with the same period last year, according to an industry report HKEx Chief Executive Charles Li said Hong Kong…


Langfang Development’s controlling shareholder fights against Evergrande’s invasion

Langfang Development Co Ltd. said in a statement on August 9 that given Evergrande has not replied regulators’ letter of inquiries, its trading will be suspended from August 10, pending the Hong Kong-listed property developer’s…


China stock market roundup (11 August 2016)

China’s stock market closed lower on Thursday, with main indexes diving in the late-afternoon trading. By the close, the Shanghai Composite Index fell 0.53%, at 3,002.64 points, while the Shenzhen Component Index went 1.14% down…


LeEco launches project for massive production of first smart electric cars in China

The Chinese tech giant LeEco (formerly LeTV) announced the launch of a smart electric car factory project in eastern China on August 10, to start the massive production of the country’s first concept electric vehicles,…


Second-tier cities see soaring land-transferring fees amid heated property market

Dominant second-tier cities, including Hangzhou, Hefei, Suzhou and Nanjing, reportedly witnessed an upsurge in land-transferring fee, mainly due to the continuously climbing housing price this year. According to the Research Center of Centaline Property Agency,…


Fints Lunch Tray (11 August 2016)

China’s Securities Regulatory Commission has set up a special working group responsible for the Shenzhen-Hong Kong Stock Connect business, with vice chairman Fang Xinghai appointed as team leader: Caixin Outstanding amount of margin financing in…


FINTS MORNING BRIEF (11 August 2016)

Eleven out of the 30 provinces having released interim GDP figures fell short of their annual GDP targets China’s M & A activities in the first six months grew 13% by volume and 8% by aggregate amount, the increase mainly attributed…