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Top related persons:
Fu Shou Yuan - 1 Fu Shou - 1
Top related locs:
Beijing China Shanghai SunLife United
Top related orgs:
Bloomberg - 1 SunLife - 1 Morning - 1 The State Council - 1 Beijing Jiuli Digital - 1

Search resuls for: "Fu Shou Yuan"


5 mentions found


☆ Funerals in China cost so much money that Beijing is encouraging digital cemeteries
  + stars: | 2023-08-20 | by ( Lakshmi Varanasi | ) www.businessinsider.com   time to read: +3 min
Beijing is encouraging digital burials instead of traditional ones, Bloomberg reported. What is a digital burial? Since the start of 2023, more than 500 digital plots like these have been sold in Beijing, Bloomberg reported, citing Beijing Jiuli Digital. Beijing is not the only city where digital burials are gaining traction. Digital burials save space, too.
Persons: Fu Shou Yuan, Fu Shou Organizations: Bloomberg, SunLife, Morning, The State Council, Beijing Jiuli Digital Locations: Beijing, China, Shanghai, SunLife, United
☆ Shares of China-based funeral company are surging as Covid infections spike
  + stars: | 2022-12-27 | by ( Jihye Lee | ) www.cnbc.com   time to read: 1 min
Workers in protective gear handle a coffin and coffin case at Dongjiao Funeral Parlor, reportedly designated to handle Covid fatalities, in Beijing, China, on Monday, Dec. 19, 2022. Bloomberg | Bloomberg | Getty ImagesHong Kong-listed shares of China's biggest cemeteries operator and funeral service rose to their highest level in more than a year as the country struggles with a wave of Covid infections. Fu Shou Yuan International Group stocks reached a 2022 high at 7.04 Hong Kong dollars a share as of Friday's close — having surged about 80% in two months – as the country abruptly ended most of its Covid control measures and saw case numbers surge. Loading chart...
☆ Why people in China are panic buying canned yellow peaches as Covid surges
  + stars: | 2022-12-14 | by ( Laura He Jennie Chen | Laura He | Jennie Chen | ) edition.cnn.com   time to read: +4 min
Hong Kong CNN —An unprecedented wave of Covid cases in China has sparked panic buying of fever medicines, pain killers, and even home remedies such as canned peaches, leading to shortages online and in stores. Canned yellow peaches, considered a particularly nutritious delicacy in many parts of China, have been snapped up by people looking for ways to fight Covid. Its sudden surge in popularity prompted Dalian Leasun Food, one of the country’s largest canned food manufacturers, to clarify in a Weibo post that canned yellow peaches don’t have any medicinal effect. “Canned yellow peaches ≠ medicines!” the company said in the post published Friday. The drug shortage has spread from mainland China to Hong Kong, a special administrative region which has a separate system of local government.
☆ China COVID infection fears fuel medical stock bets
  + stars: | 2022-12-12 | by ( ) www.reuters.com   time to read: +3 min
China's healthcare index (.CSIHC) gained almost 1% on Monday morning, despite a 0.8% drop in the benchmark CSI300 Index (.CSI300). Hu Qiang, fund manager at Yunchuang Investment, said demand for antigen testing had just taken off. Listed medical firms are also busy fielding investors' queries about how they are preparing for a potential worsening COVID situation. Lepu Medical Technology (300003.SZ), which produces cardiovascular and diagnosis devices, told investors it would adjust production plans to meet market demand for COVID testing. Easy Diagnosis said on an investor relations platform that it was able to ramp up production quickly, as cancellation of nucleic acid testing in many places would boost demand for antigen testing at home.
☆ Investors bet on greed and fear as China loosens COVID grip
  + stars: | 2022-12-09 | by ( Samuel Shen Summer Zhen | Samuel Shen | Summer Zhen | ) www.reuters.com   time to read: +4 min
SHANGHAI/HONG KONG, Dec 9 (Reuters) - Investors caught off-guard by China's dramatic COVID policy pivot are betting on both greed and fear as the economy starts to gradually reopen, snapping up shares in businesses from travel agencies and casinos to funeral companies. Providers of death care services, including Hong Kong-listed Fu Shou Yuan International Group (1448.HK), China's biggest cemetery operator and funeral service provider, have also drawn investors. The positioning for both the bright and dark side of China's COVID pivot reflects growing concerns from investors surprised by the rapid policy change, especially as COVID vaccination rates among the elderly remain relatively low. "But we still think that the way China can flatten the curve of new COVID cases without doubling down on tightening looks quite challenging." Morgan Stanley Chief China economist Robin Xing said China's economy may remain sluggish for another quarter or two, but growth will pick up after Spring.
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