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Hong Kong tech stocks on track to outperform mainland China counterparts
... 10% so far in October compared with a gain of just 1.2% by the ChiNext Index. The Hang Seng gauge is heading for its biggest outperformance relative to the onshore-focused index since January 2019. Some investors, including BlackRock Inc., say that Beijing s regulatory crackdown on companies has been mostly priced in. China s Internet giants, listed in Hong Kong , have been on the government radar for alleged monopolistic practices. Kuaishou Technology and Alibaba Group Holding Ltd. both up more ...
Updated: 10/22/2021
China's Evergrande to pay interest on dollar bond, sources say
... 's NEVS, the Netherlands ' e-Traction and Britain's Protean. It also has joint ventures with Sweden 's Hofer and Germany's Koenigsegg . In comments reported by state media Xinhua and echoing words from the central bank, Vice Premier Liu He told a Beijing forum on Wednesday that the risks were controllable and that reasonable capital demand from property firms was being met. The chairman of China 's securities regulator, Yi Huiman , said the authorities would properly handle the default risks ...
Updated: 10/22/2021
China property giant Evergrande makes key offshore interest payment
... every two weeks or so - but at some point. there's going to be an amount of principal maturing, and that one is multibillion, Chen Long , partner at research firm Plenum, told AFP. If you look at the fundamentals of the company, that hasn't changed. Beijing began clamping down on the country's excessive property sector - estimates say it accounts for a quarter of the economy - in a bid to reduce debt, with measures to restrict borrowing cutting off companies' ability to complete projects. While Evergrande ...
Updated: 10/22/2021
Chinese property developer pays $83. 5 million bond coupon before default
... leverage at indebted developers and measures to cool home prices have spurred a slump in sales and weighed on economic growth. At least three developers defaulted on their dollar debt this month as junk bond yields surged to a decade-high. Regulators in Beijing are trying to assure markets that the world s second largest economy can weather the crisis at Evergrande and its smaller rivals, with Vice Premier Liu He becoming the highest-ranking official to ensure that risks in the property market are controllable....
Updated: 10/22/2021
Apple's talks with China's CATL, BYD stalled: sources
... iron phosphate LFP batteries which are cheaper to produce and sources have previously said Apple favours this battery technology. 1 maker of batteries for EVs, has been reluctant to build a U.S. factory due to political tensions between Washington and Beijing as well as cost concerns, said one of the people with direct knowledge of the talks. The Chinese firm has also found it impossible to set up a separate product development team exclusively working with Apple due to difficulties in finding sufficient ...
Updated: 10/22/2021
China's thermal coal futures sink 13 per cent amid power crisis
Beijing: China's thermal coal futures sank about 13 per cent on Friday, Oct 22, extending their losses since Tuesday when Beijing said it would intervene to cool surging prices of the commodity to help electricity producers out of a widespread power crunch....
Updated: 10/22/2021
Chinese coal futures sink 13 per cent amid power crisis
Beijing's thermal coal futures sank about 13 per cent on Friday, extending their losses since Tuesday when Beijing said it would intervene to cool surging prices via:. Beijing 's thermal coal futures sank about 13 per cent on Friday, extending their ...
Updated: 10/22/2021
WeChat makes content searchable on foreign search engines
BEIJing Tencent's WeChat has made its content searchable on some foreign search engines such as Google and Microsoft's Bing, Reuters checks showed, in the latest tearing down of walled gardens in China's Internet sector. BEIJING Tencent 's WeChat ...
Updated: 10/22/2021
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