China

China
Credit Markets

China Overtakes US With $306 Billion Corporate Credit Boom

(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 […]

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China
Copper

Copper Worth Nearly Half a Billion Dollars Goes Missing in China

(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 […]

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China

China to Ban Over One Million ‘Fake’ Foreign A-Share Investors

(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 […]

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Base Metals
China

Iron Ore Sinks and Steel Mills Go Dark on Deepening China Gloom

(Bloomberg) — Iron ore plunged more than 7% in Singapore — giving up all its gains this year — as steel mills idled blast furnaces amid growing pessimism over the demand outlook in China. The steel-making ingredient has now lost around a fifth of its value in a run of declines that’s extended to an […]

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China
Hedge Funds

Hedge Fund Up 138% This Year Is Turning Bullish on China Stocks

(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 […]

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China
China Economy
China Property Bubble
China Stock Market Crash

China’s Economic Activity Collapses Under Xi’s Covid Zero Policy

(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 […]

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China
China Economy
China Stock Market Crash

Contrarian Who Called China Tech Selloff Says It’s Not Over Yet

(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 […]

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China
Gaming

Tencent Soars After China Ends Eight-Month Gaming Freeze

(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 […]

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China
Coal
Russia
Ukraine

Russian Coal and Oil Paid for in Yuan to Start Flowing to China

(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 […]

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China
China Economy
China Stock Market Crash
China Stocks

Relentless Selling in China Stocks Evokes Memories of 2008 Crash

(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 […]

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China
China Stocks

China’s Tech Rout Deepens Amid Lockdown, Geopolitical Worries

(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 […]

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China
China Economy

China Markets in Turmoil as Russia Ties Add to List of Risks

(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 […]

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China
China Economy
China Stocks

Wild Ride in China Stocks Triggers Memories of 2018 Meltdown

(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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China
Oil
Russia

Shunned Russian Oil May Be Grabbed by Hungry Chinese Buyers

(Bloomberg) — Chinese companies are expected to scoop up discounted Russian oil should sanctions deter other buyers, traders said, potentially repeating a pattern seen when Iran and Venezuela were hit by U.S. curbs. Importers in the top oil user are likely to take advantage of the opportunity to build up stockpiles on the cheap, they […]

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China
China Economy
China Oil
Energy Sector
Energy Stocks
Energy Technology

Cnooc’s $13 Billion Oil, Gas Deals Show China’s Supply Fears

(Bloomberg) — China National Offshore Oil Corp. struck $13 billion worth of deals to boost oil and gas supply, as the country aims to avoid a repeat of last year’s energy crunch. The nation’s biggest offshore oil and gas driller has signed agreements with a dozen international firms, according to a statement Wednesday. That includes […]

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