Category: Shanghai News

Hong Kong and China markets gain on strong manufacturing data from world’s second-largest economy

The Hong Kong and China markets started December on a strong note, boosted by strong manufacturing data from the world’s second-largest economy released on Tuesday. The Hang Seng Index had gained 0.6 ……


Tesla Secures China Tax Exemption for Model Y

Tesla has secured tax exemptions in China for its Model Y compact SUV, ahead of its production there, according to a media report….


Global investors see China stocks bull run lasting well into 2021

Global investors are betting Chinese stocks will extend their bull run and that mainland corporate earnings in 2021 will be boosted by a world economic recovery and more predictable Sino-U.S….


Tesla surges 4% to record high amid approval from China to sell its Model Y SUV

Tesla’s stock hit a record high on Monday amid a report from Reuters that the electric vehicle company gained approval from China to sell its Model Y SUV in the country.Tesla has built up its ……


China banking regulator says property market is biggest ‘grey rhino’

China’s property market is the biggest “grey rhino” – a very obvious yet ignored threat – in terms of financial risks, given it is so deeply intertwined with the financial industry, the head of the ……


China to force firms to report use of plastic in new recycling push

Restaurants, e-commerce platforms and delivery firms will be forced to report their utilisation of single-use plastics to the authorities and also submit formal recycling plans, China’s commerce ……


China’s tariffs slam door shut on Australian wine’s biggest export market

Australia’s winemakers are scrambling to find new buyers around the world after China imposed hefty tariffs on the industry, effectively cutting it off from its most important export market….


Tesla Opens 500th Supercharger In China, Xpeng Expands Its Counterpart Service To 20 Cities

Tesla Inc (NASDAQ: TSLA) and Xpeng Inc (NYSE: XPEV) both announced strides in expanding their charging infrastructure in China. What Happened: The Elon Musk-led Tesla said on Twitter that it had ……


China’s blue-chip index hits 5-1/2-year high on upbeat data; Hong Kong slips

HK daily quota used 4.6% * FTSE China A50 +1.4% SHANGHAI, Nov 30 (Reuters) – China’s blue-chip index scaled a near 5-1/2-year high on Monday, led by gains in traditional industries, as upbeat factory ……


China central bank offers salve to jittery markets with surprise MLF injection

China’s central bank surprised markets on Monday with an injection of medium-term cash into the banking system, in what traders and analysts viewed as a move to calm nerves rattled by a string of ……