Waterdrop Inc., through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People’s Republic of China. WDH $3.3000 0.1800 % 5.7700 Waterdrop Inc ADR Sector : Business Services Industry : Technology Services Signal Short Term Trend Long Term Trend BUY UP UP […]
Read MoreBuy Price: $12.50 or better Sell Price: TradersPro Sell Signal MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle and pop toy products in the People’s Republic of China and other countries in Asia, the Americas, and Europe. The stocks founds in the One Hot Stock category use stocks that […]
Read More(Bloomberg) — China has surged ahead of the US for corporate bond deals in its yuan credit market in recent months, a rare shift that highlights the deepening impact of the two countries’ diverging monetary policies. Yuan-denominated bond issuance by non-financial firms exceeded that in the greenback in both July and August, a first for […]
Read More(Bloomberg) — A group of Chinese companies are investigating why a commodities storage site in northern China is holding only one third of the copper concentrate they were financing, according to people familiar with the situation. Traders from more than a dozen mostly state-owned firms gathered in Qinhuangdao city this week after becoming aware of […]
Read More(Bloomberg) — China will ban more than one million mainland investors from trading onshore shares via the stock connect programs with Hong Kong, as authorities act on a new regulation to crack down on “fake foreign capital.” Under the rules taking effect on July 25, domestic investors with Hong Kong accounts can no longer purchase […]
Read More(Bloomberg) — A fund manager who made triple-digit gains by hedging risks in Chinese equities is now turning bullish on mainland shares. Zhao Yuanyuan’s fund at the 500 million yuan ($75 million) Shenzhen Qianhai JianHong Times Asset Management Co. has returned 138% so far in this year’s tumbling market. Her bets on infrastructure, energy producers […]
Read More(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. China’s economy is paying the price for the nation’s Covid Zero policy, with industrial output and consumer spending sliding to the worst levels since the pandemic began and analysts warning of no quick recovery. Industrial output unexpectedly […]
Read More(Bloomberg) — Manuel Muehl told investors to sell Chinese technology stocks last summer when nearly all of his peers were saying buy. Nine months and about a trillion dollars of lost market value later, the 30-year-old analyst at DZ Bank AG is warning of further pain ahead as China’s slowing economy and uncertain regulatory environment […]
Read More(Bloomberg) — Tencent Holdings Ltd. surged more than 5%, joining the rest of China’s gaming industry in a rally after regulators approved the country’s first batch of new titles in more than eight months. The National Press and Publication Administration published a list of 45 domestic titles on its website late Monday, confirming an earlier […]
Read More(Bloomberg) — Russian coal and oil paid for in yuan is about to start flowing into China as the two countries try to maintain their energy trade in the face of growing international outrage over the invasion of Ukraine. Several Chinese firms used local currency to buy Russian coal in March, and the first cargoes […]
Read More(Bloomberg) — A selloff across Chinese equities deepened on Tuesday as concerns about the country’s ties with Russia and persistent regulatory pressure sent shares on a downward spiral. The Hang Seng China Enterprises Index, which tracks Chinese shares listed in Hong Kong, sank 6.6%, following a plunge in the previous session that was the biggest […]
Read More(Bloomberg) — The relentless selloff in Chinese technology stocks continued in Hong Kong on Monday as a lockdown in Shenzhen, a key sector hub, added to investor angst over geopolitical and regulatory risks. The Hang Seng Tech Index slumped as much as 6.5% in early trade, with the sector again at the forefront of losses […]
Read More(Bloomberg) — Global investors are losing faith in China’s ability to navigate an increasingly complex maze of challenges. The war in Ukraine raises the specter of harsh sanctions being applied to Chinese firms should they proceed with plans to acquire stakes in Russian energy and materials producers. The risk of Chinese companies being delisted from […]
Read More(Bloomberg) — A bout of fresh volatility is hitting Chinese equities, evoking memories of the 2018 meltdown, as the war in Ukraine threatens to complicate the Asian nation’s plans to ease policy and potentially worsen its already strained relations with the U.S. Traders were taken for a wild ride on Wednesday as stock benchmarks in […]
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