Sun, December 04, 2022

CHN trading

China continues to allow Chinese firms to go public in U.S.

China continues to allow Chinese firms to go public in U.S.

According to the latest news, China’s securities regulator announced that the Asian giant will continue to allow Chinese companies to go public in the United States. However, However, they should meet the listing requirements. Remarkably, regulatory actions in the last few weeks has raised investor anxieties that China is aiming to block foreign capital flows …

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China cuts the reserve requirement ratio by 50 basis points

China cuts the reserve requirement ratio by 50 basis points

According to investment bank UBS, China’s move to cut the reserve requirement ratio (RRR) could increase markets sentiment. RRR represents the amount of money that banks must hold as a proportion of their total deposits. UBS also added that the move could be good news for stocks in certain sectors. On Friday, the People’s Bank …

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The Bitcoin Collapse, crypto

BTC China closes its business due to recent crypto crackdown

BTCC, One of China’s longest-running cryptocurrency exchanges has shut down its Bitcoin business. The company’s decision came after China’s latest anti-cryptocurrency crackdown. BTC China, founded by Huang Xiaoyu and Yang Linke in 2011, said on Thursday that it has completely withdrawn from Bitcoin-related businesses. The company’s shares in the Singapore-registered Bitcoin exchange ZG.com were sold …

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China`s commodity imports push a boom in a dry-bulk shipping

China`s commodity imports push a boom in a dry-bulk shipping

China’s rising imports of metals, grain, and other commodities increase a bulk-shipping sector at the focus of global industrial production. Daily freight rates for Capesize ships, the biggest bulk carriers, surged to an 18-month high this week at about $35,000. The Baltic Dry Index, which follows the price of moving commodities by sea, surged to …

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China is Using its Zero-Covid Policy Ahead of Olympics

How China Outperformed the Rest of the World

Countries around the world are struggling to deal with the problems created by the coronavirus pandemic. However, the world’s second-largest economy brought in more foreign direct investment than any other country in 2020. Interestingly, China brought in $163 billion in inflows last year and this fact once more underlines the strength of its economy. For …

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Alibaba and its shares

Shares of Chinese Tech Giant Alibaba Jumped More than 8%

Stocks in major Asia-Pacific markets were mostly higher on January 20, but before discussing stocks, let’s have a look at the shares of world-famous tech giant Alibaba. It is worth noting that, Hong Kong-listed shares of Alibaba jumped 8.52% following the reappearance of founder Jack Ma.  As a reminder, the company’s founder appeared in a …

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Stocks and various factors

Investors, Chinese Economic Data, and Stocks on Monday

Stocks in Asia-Pacific were mixed on Monday, but before discussing stocks from across the region, let’s have a look at the shares of firms related to Samsung Group. Importantly, Samsung heir Jay Y. Lee received a 2-½-year jail term. This news affected the shares of the firms related to the group.  Importantly, industry heavyweight Samsung …

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Stocks on the last day of 2020

Mainland Chinese Stocks Saw Gains on the Last Day of 2020

Today is the last of 2020, and let’s have a look at the stocks in Asia-Pacific on the last day of the year. Interestingly, stocks in Asia-Pacific were mixed as multiple markets in the region early for New Year’s Eve.  Let’s start with mainland Chinese stocks. The Shanghai Composite added 1.72% to 3,473.07. At the …

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Oil and Gas industrial zone.

Oil Prices Slide after China Economic Data

Oil prices fell on Monday in energy commodities after the release of China’s Q3 economic growth data. It highlighted concerns that surging COVID-19 cases globally are impacting demand in the world’s largest oil importer. The world’s second-largest economy expanded by 4.9% in Q3 from a year earlier. It has missed analyst expectations of 5.2%, as …

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oil and gas

Oil Petroleum Prices Fluctuate This Tuesday

After rallying in yesterday’s trading, oil petroleum prices appearing to lose steam this Tuesday’s trading session. The two leading global benchmarks are faltering in the crude trading market now. In fact, prices are seen steadying and dipping in today’s trading. Crude contracts were first seen flatlining during the first half of today’s sessions. As of …

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