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Search resuls for: "Securities Daily"


3 mentions found


☆ China tries to halt stock market rout by boosting lending and wooing foreign investors
  + stars: | 2024-01-24 | by ( Laura He | ) edition.cnn.com   time to read: +6 min
Hong Kong CNN —China has vowed to pump more money into the economy and further open its $64 trillion financial industry to international investors, as Beijing scrambles to restore confidence following a massive stock market rout. The astonishing losses, reminiscent of the last Chinese stock market crash of 2015-2016, highlight a crisis of confidence among investors concerned about the country’s future. It will allow Hong Kong banks to expand their businesses in mainland China and reduce the barriers to investing in mainland insurers. Last month, China Reform Holdings, a state-owned investment fund, announced it had bought tech-focused index funds to support the market. The brutal sell-off in Chinese stock markets has even forced some hedge fund managers to apologize for making wrong bets.
Persons: Li Yunze, “, Pan Gongsheng, Goldman Sachs, Li, ”, Lam, Li Qiang, Wang Zhao, Premier Li Qiang, Stringer, Li Bei Organizations: Hong Kong CNN, Administration of Financial, People’s Bank of, Buildings, New Champions, Getty, Premier, Xinhua, Reuters, Securities Daily, Social Security Fund, China Reform Holdings, Central Huijin Investment, Shanghai Banxia Investment Management Locations: China, Hong Kong, Beijing, Shanghai, Shenzhen, People’s Bank of China, Victoria Harbour, British, Tianjin, AFP, Central, Fuyang, China's, Anhui
☆ China's video game player population rises to a record at end-June
  + stars: | 2023-07-27 | by ( Josh Ye | ) www.reuters.com   time to read: +2 min
HONG KONG, July 27 (Reuters) - China's video game player has grown to a record of 668 million, a government-run game industry association said on Thursday, as the world's biggest gaming market returns to growth after a bruising crackdown. "Against the backdrop of a sluggish global gaming market, China's gaming industry is gradually emerging from a trough and showing an upward trend," Zhang Yijun, a director at the CGIGC, told the conference. The crackdown wiped out significant revenue and market value for many domestic gaming giants including Tencent Holdings (0700.HK) and NetEase (9999.HK). However, gaming revenue has yet to return to a pre-crackdown level. "We remain confident about a steady domestic game approval process heading into (the second half of this year)," Yap wrote.
Persons: Zhang Yijun, ”, Alicia Yap, Yap, Josh Ye, Christian Schmollinger, Robert Birsel Organizations: Industry, Tencent Holdings, HK, Regulators, Citi Bank, Securities, Thomson Locations: HONG KONG, Shanghai, Hong Kong
☆ Covid-19: China's surge in cases hits factories and consumer market
  + stars: | 2022-12-26 | by ( Laura He | ) edition.cnn.com   time to read: +4 min
Hong Kong CNN —China’s economy is under severe strain as a wave of Covid cases sweeps across the country. Factories and companies are also forced to shut down or cut production because of more workers getting sick. Nationwide, truck cargo volumes and delivery orders both shrank in the past week, according to statistics from the transportation ministry and the postal service regulator. Many factories have been forced to shut down for weeks because of sick workers and lack of orders, according to Chinese media. The next few weeks may be “the most dangerous” for China’s battle with Covid, said Capital Economics analysts.
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