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While browsing online, he came across a retirement village for young people and booked a two-month visit. Ren spent almost two months at a youth retirement village. I came across Guanye, a youth retirement village, on Xiaohongshu, China's Instagram-like platform. AdvertisementA courtyard at Guanye, a youth retirement village in China. Mountain views from Guanye, a youth retirement village in China.
Persons: Ren Binglin, Ren, China's, I'd, Zers, Cui Kai, Binglin, I've Locations: China, Beijing, Henan —, Dali, Shaoxing, Yangshuo, Shanghai, Guanye, Xiaohongshu, Hebei
Chinese companies rush for hedging as market volatilities spike
  + stars: | 2023-07-05 | by ( ) www.reuters.com   time to read: +2 min
SHANGHAI, July 5 (Reuters) - Chinese listed firms are embracing hedging at a record pace, according to consultancy data, as market volatility rises and China grows its derivative market. Forex hedging is popular among Chinese companies, according to D-Union, as regulators allow market forces to play a bigger role in deciding the yuan's value. Companies including Semiconductor Manufacturing Electronics (Shaoxing) Corp (688469.SS) and liquor giant Luzhou Laojiao Co Ltd (000568.SZ) announced plans in the second quarter to hedge against forex risks. Measures to develop China's derivative market also boosted interest in hedging, Ma said. Electronics, basic chemicals, and electrical equipment were among sectors that were most active in hedging during the second quarter, according to D-Union data.
Persons: Ma Weifeng, Ma, Li Gu, Samuel Shen, Tom Westbrook, Gerry Doyle Organizations: greenback, Semiconductor Manufacturing Electronics, Electronics, Sieyuan Electric Co Ltd, Thomson Locations: SHANGHAI, China, Shanghai, Shenzhen, Singapore
The insurance company posted 84 cents in adjusted earnings per share and $1.11 billion in revenue. However, the company's $592.2 million quarterly revenue fell below the $593.9 million anticipated by Wall Street. Although the company's quarterly adjusted earnings and revenue topped analysts' expectations, investors may have been disappointed in its muted full-year outlook. Danaher's GAAP operating profit of $1.79 billion fell below analysts' estimates of $2.12 billion, according to FactSet. General Motors — Shares fell 3.3% after the automaker lowered its guidance for net income attributable to stockholders in 2023.
[1/2] Demonstrators hold up signs during a protest over the freezing of deposits by some rural-based banks, outside a People's Bank of China building in Zhengzhou, Henan province, China July 10, 2022, in this screengrab from video obtained by Reuters. Text in foreground reads, "Henan Bank, return to us our legal deposits! The people's life-saving deposits!" China has a low tolerance for group displays of discontent, even if anger is not directed against the government. Some of those who spoke with Reuters declined to use their full names due to the sensitivity of the matter.
Chen, party boss of the southwestern metropolis of Chongqing, is regarded as a steady technocrat and has often espoused Xi's ideologies and policies in public. A native of Zhejiang province in eastern China, Chen spent close to three decades there before being promoted to deputy party secretary in Guizhou province in 2012. In 2017, Chen was parachuted into the more politically challenging position of Chongqing party chief, a clean-up task after the sudden dismissal of Sun Zhengcai in a corruption scandal. Shanghai Party Secretary Li Qiang, another contender for promotion, was also in the group. In Zhejiang, Chen worked as chief editor of the party's main local media organ, the Zhejiang Daily, rising to become propaganda chief for the province.
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