Author: admin

China’s top securities regulator has pledged to widen foreign investors’ access to the mainland’s capital market while further lowering the fundraising threshold for technology firms, after a key indicator slumped nearly 4 per cent from a 10-year high in mid-November.Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), set out guidance for the equity and bond markets in an article published by the Communist Party mouthpiece People’s Daily on Friday, three weeks after he was reported to have offered his resignation.The Chinese capital market requires a “deep transformation” to enhance its “inclusiveness and adaptability”, Wu said, calling for a…

BEIJING: WTI oil prices were heading for weekly gains of close to 2% in early trading on Friday, supported by an expected Federal Reserve interest rate cut, escalating U.S.-Venezuela tensions and stalled peace talks in Moscow. It would be a second straight week of increases. Prices were little changed at market open on Friday, with Brent crude up 6 cents, or 0.09%, at $63.32 per barrel by 0104 GMT. U.S. West Texas Intermediate was up 4 cents, or 0.07%, at $59.71 a barrel. Both contracts settled up around 1% in the previous trading session. Of economists surveyed in a November…

Moore’s shares began trading at 650 yuan amid a declining market, a 468 per cent jump from their initial public offering (IPO) price of 114.28 yuan. China’s benchmark CSI300 Index slipped 0.1 per cent.The surge in Moore reflects China’s prioritisation of technology self-sufficiency in a critical five-year plan that outlined the nation’s economic and social development goals through 2030. China is now engaged in a tit-for-tat competition with the US in the tech area from AI large-language models to sophisticated chips and robotics.Moore raised 8 billion yuan (US$1.13 billion) in the second-largest IPO on the mainland this year. Proceeds from…

Myanmar’s junta has grown so dependent on mainland China for political and economic support that it is highlighting issues such as Taiwan to signal “loyalty” towards Beijing and secure backing for an imminent election that the military hopes will legitimise its rule, according to analysts.This was on display last month when the military-led regime condemned Japanese Prime Minister Sanae Takaichi’s comments on Taiwan in language closely aligned with Beijing’s talking points, reflecting what analysts said was a significant narrowing of Naypyidaw’s foreign policy options since the 2021 coup.Beijing sees Taiwan as part of China to be reunited by force if…

Hong Kong stocks fell on Friday, set to end a choppy week virtually unchanged as the market traded sideways before a slew of key rate-decision and economic policy meetings in the world’s biggest economies.The Hang Seng Index dropped 0.2 per cent to 25,872.37 at the noon break, paring the gain for the week to 0.1 per cent. The Hang Seng Tech Index declined 0.3 per cent.On the mainland, the CSI 300 Index and the Shanghai Composite Index both added 0.1 per cent.Shenzhou International Group Holdings, the Chinese apparel maker that supplies to Nike, slid 4.1 per cent to HK$64 after…

Hong Kong stocks fell on Friday, set to record a loss for a week in which the market traded in a rangebound fashion before key decisions by the world’s central banks.The Hang Seng Index dropped 0.4 per cent to 25,837.80 as of 10.03am local time. The Hang Seng Tech Index dropped 0.5 per cent.On the mainland, the CSI 300 Index climbed 0.1 per cent and the Shanghai Composite Index was little changed.Trip.com Group tumbled 2.1 per cent to HK$544.50 and NetEase lost 1.8 per cent to HK$213.40. Alibaba Group Holding slid 0.8 per cent to HK$153.20 and Tencent Holdings slipped…

A widely shared image on social media depicting colour sketches of men from different regions in China has stirred debate on the physical appearance of Singaporean Chinese based on their ancestry, with online users concluding they are the least attractive of the gene pool.But psychotherapists say perceptions of beauty might be warped by media and celebrity culture, warning against the normalisation of conversations centred on physical appearance.The discussion was prompted by drawings of male faces puportedly from China’s northwest, northeast, southwest, southeast and Xinjiang regions, which went viral on social media this week and racked up millions of views.The original…

A widely shared image on social media depicting colour sketches of men from different regions in China has ignited debate on the physical appearance of Singaporean Chinese based on their ancestry, with online users concluding they are the least attractive of the gene pool.But psychotherapists say perceptions of beauty might be warped by media and celebrity culture, warning against the normalisation of conversations centred on physical appearance.The discussion was prompted by drawings of male faces from China’s northwest, northeast, southwest, southeast and Xinjiang regions, which went viral on social media this week and racked up millions of views.The original source…

China’s unmanned reconnaissance and strike helicopter tailored for deployment in plateau areas is ready for critical combat testing.The new multipurpose medium-sized helicopter was displayed on November 27 at an air show in Zhuhai, in southern China, where the next stage of testing was announced by its developer.The Moyujian was exhibited at the second Asia General Aviation Exhibition (Aero Asia), held from November 27 to 30.Aero Asia, jointly organised by the German General Aviation Exhibition and Airshow China, was held for the first time in 2023. The event, which takes place every two years, is China’s only general aviation exhibition held…

ISLAMABAD: After months of serious pressure by local automobile manufacturers, the government has decided to regulate used car imports as the local auto industry sounded alarms over 120,000 imported vehicles within a year, which had pushed the local industry to the verge of collapse. The decision was taken here on Thursday during a high-level meeting chaired by Special Assistant to the Prime Minister on Industries and Production, Haroon Akhtar Khan, with the delegation of the auto industry. The participants of the meeting were informed that the Prime Minister of Pakistan has directed all the relevant quarters, including the Ministry of…