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WEBThe Shanghai Composite Index soared 8.06% today, up 21.4 percent since China introduced stimulus to shore up the market on Sept. 24. The daily turnover of the Chinese mainland market reached a record of CNY2.6 trillion (USD357.8 billion).
China’s BoCom Is Named a Global Systematically Important Bank
WEBNov 29, 2023 · audio is not supported! (Yicai) Nov. 29 -- Bank of Communications has been recognized as a global systematically important bank, or a lender so big that its failure could trigger a financial crisis, increasing the number of Chinese banks on the list to five. Shanghai-based BoCom was named as a G-SIB for the first time this year, according to ...
BUSINESS - Yicai Global
WEBSep 30 2024. Alvarez & Marsal Is Upbeat on China’s Economy, Eyes Expansion, North Asia Chief Says. Xu Yanyan. /. Sep 30 2024. Nio Surges After Chinese Unit Secures USD1.9 Billion Cash Injection. Alibaba's Taobao to Launch Free Shipping for Orders of Minimum USD14.10 in Hong Kong.
RELATED - Yicai Global
WEBMay 10, 2021 · China Merges Sinochem, ChemChina to Create World’s Biggest Chemicals Firm. (Yicai Global) May 10 -- China has completed the merger of Sinochem Group and China National Chemical, two state-owned industrial giants, to form the world’s largest chemicals producer. Sinochem Holdings will be a subsidiary of the State-owned Assets Supervision and ...
About Us - Yicai Global
WEBLaunched in August 2016, Yicai Global is the English-language news service of Yicai Media Group, the financial news arm of Shanghai Media Group, which is one of China's largest state-owned media conglomerates. Focused primarily on China's business world, Yicai Global is dedicated to provide reliable and insightful information and analysis of ...
Ranking of Chinese Cities' Business Attractiveness 2022 - Yicai Global
WEBJun 1, 2022 · The 2022 edition mostly uses data from 2021 or early 2022. Chengdu, Chongqing, and Hangzhou are the top three emerging first-tier cities on this year's list. Xi'an, Wuhan, Suzhou, Zhengzhou, Nanjing, and Tianjin follow. Next in the ranking are Changsha, Dongguan, Ningbo, Foshan, Hefei, and Qingdao.
Chinese Tiremaker Sailun Will Invest USD251 Million in New Plant …
WEBMar 12, 2024 · Chinese Tiremaker Sailun Will Invest USD251 Million in New Plant in Indonesia. (Yicai) March 12 -- Chinese tiremaker Sailun Group will invest USD251 million to build a new manufacturing facility in Indonesia, it announced yesterday, the latest move in its recent overseas expansion. The Shanghai-traded shares in …
Chinese Health Drink Firm Genki Forest Triples in Value to USD6 …
WEBMar 30, 2021 · The amount raised was not given and Beijing-based Genki Forest has yet to confirm the news. Last July, 36Kr reported that Genki Forest’s market value had reached USD2 billion after a new funding round led by Sequoia China and Beijing-based Genesis Capital. Genki Forest also declined to comment at …
Regulator Approves Launch of Shanghai Export Container Freight …
WEBAug 11, 2023 · audio is not supported! Regulator Approves Launch of Shanghai Export Container Freight Index Futures. (Yicai) Aug. 11 -- The China Securities Regulatory Commission has given the green light for Shanghai Export Container Freight Index futures, it said today, in a move that will help firms hedge against price fluctuation risks.
Credit Noose Tightens for Chinese Developers as Moody’s Slashes …
WEBSun Mengfan. DATE: Oct 19 2021. / SOURCE: Yicai. Credit Noose Tightens for Chinese Developers as Moody’s Slashes Ratings. (Yicai Global) Oct. 19 -- Seven Chinese real estate giants had their credit ratings downgraded or outlooks changed by US credit rating agency Moody's yesterday, the most ever in 24 hours, making it more difficult for them ...