Category: Shanghai News

SMM Morning Comments (Dec 8): Shanghai base metals mostly advanced on a possible new COVID-19 U.S. stimulus bill and upbeat vaccine news

Shanghai base metals were mostly higher on Tuesday morning, while their counterparts on the LME set for a mixed start, as investors expect a fresh US coronavirus relief package and vaccines to fight ……


Interview: Daimler to accelerate electric car business in China: CEO

German Chancellor Angela Merkel (L) talks with Ola Kaellenius (R), CEO of Daimler, at the International Motor Show (IAA) 2019 in Frankfurt, Germany, Sept. 12, 2019. (Xinhua/Lu Yang) “In the next three ……


XCMG Delivers 10 units of XCA1600 Super All-terrain Cranes at bauma China 2020; Signs Multiple Deals Totaling CNY2 Billion on Opening Day

XCMG (000425.SZ) delivered 10 units of XCA1600 all-terrain cranes on the opening day of bauma China 2020 in Shanghai. It’s the smallest 1,600-ton super crane in size with the most considerable ……


Asian shares mixed on report of more US sanctions on China

Shares are mostly lower in Asia following a report that the U.S. is preparing to slap sanctions on a dozen more Chinese officials, ratcheting up tensions with Beijing ……


China stocks end lower on Sino-U.S. tensions

China stocks fell on Monday, dragged down by financials, due to worries over heightened Sino-U.S. tensions, although upbeat trade data narrowed losses. ** The blue-chip CSI300 index fell 0.9%, to 5, ……


China Lenders’ Holdings of Corporate Debt Fall as Defaults Climb

China’s commercial banks are reducing their exposure to local corporate bonds after a spate of high-profile defaults rocked the nation’s credit markets in November….


China, Hong Kong stocks fall on Sino-U.S. tensions

China and Hong Kong stocks fell on Monday, dragged down by financials, due to worries over heightened Sino-U.S. tensions, though upbeat trade data narrowed losses. ** The CSI300 index fell 0.8% to ……


Asian shares slip on report of more US sanctions on China

Shares are mostly lower in Asia following a report that the U.S. is preparing to slap sanctions on a dozen more Chinese officials, ratcheting up tensions with Beijing ……


China’s Sinovac secures $500 million in funding for COVID-19 vaccine development

China’s Sinovac Biotech said on Monday that it had secured approximately $500 million in funding for COVID-19 vaccine development….


Hong Kong stocks fall on losses in China Construction Bank, ICBC, as rising Covid-19 infections weigh on sentiment

On the Hang Seng Index, China Construction Bank led the losses with a 2.7 per cent decline. ICBC dropped 2.4 per cent, while BOC Hong Kong retreated 2 per cent. Hong Kong bourse operator HKEX declined ……