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☆ China's Huawei reports small revenue bump on back of core businesses
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +2 min

A visitor checks a mobile phone near the Huawei logo during the Mobile World Congress in Shanghai, China June 28, 2023. REUTERS/Nicoco Chan/File PhotoSHENZHEN, China, Aug 11 (Reuters) - China's Huawei Technologies (HWT.UL) saw modest revenue growth in the first half of the year, with its core information and communications technology (ICT) infrastructure and consumer businesses generating the lion's share. Revenues rose to 310.9 billion yuan ($43.01 billion), up 3.1% on the same period a year earlier, the Shenzhen-based technology giant announced on Friday. Huawei's profit margin rose to 15%, with a net profit of 46.6 billion yuan, making, according to Reuters calculations, around a threefold improvement on a year earlier. "In the first half of 2023, our ICT infrastructure business remained solid and our consumer business achieved growth," said Meng Wanzhou, Huawei's rotating chairperson and the daughter of its founder, Ren Zhengfei.

Persons: Nicoco Chan, Meng Wanzhou, Ren Zhengfei, Richard Yu, David Kirton, Simon Cameron, Moore Organizations: Huawei, Mobile, Congress, REUTERS, Huawei Technologies, Reuters, Thomson Locations: Shanghai, China, SHENZHEN, Shenzhen, U.S

A Midea company sign is seen at the Appliance and Electronics World Expo (AWE) in Shanghai, China March 23, 2021. REUTERS/Aly Song/File PhotoAug 9 (Reuters) - Chinese home appliance maker Midea Group (000333.SZ) said on Wednesday it is studying a potential listing in Hong Kong as part of its global strategy. The new shares to be issued would account for no more than 10% of enlarged capital, Midea, already listed in the Shenzhen stock exchange, said in a filing. Midea's market capitalisation was $56.47 billion before the listing plan was made public, meaning a deal of up to 10% would be one of the largest listings in Hong Kong since 2021. The initial filing to the Hong Kong Stock Exchange would be made this year, with a likely share sale sometime in 2024, one of the sources added.

Persons: Aly, Midea, Scott Murdoch, Roxanne Liu, Kane Wu, Jason Neely, Gerry Doyle Organizations: Appliance, Electronics, REUTERS, Midea, Bank of America, China International Capital Corp, HK, Hong Kong Stock Exchange, Thomson Locations: Shanghai, China, Hong Kong, Midea, Shenzhen, Sydney

☆ Stocks in China fall as consumer prices drop for the first time in more than 2 years
▼ + stars: | 2023-08-09 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

A vegetables stall in the Haizhu area of Guangzhou, China, in May 2023. Stocks in China and Hong Kong fell Wednesday as China's consumer prices slipped into negative territory in July, for the first time in 28 months. The CSI300, which tracks stocks of the largest listed companies in Shanghai and Shenzhen, fell 0.22%. Mainland Chinese markets were lower, with the Shanghai Composite down 0.36% and the Shenzhen Component 0.28% lower. Producer price index fell 4.4% in July compared to a year ago, more than the 4.1% expected by economists polled by Reuters.

Persons: Hong Kong, China's, Mohamed El, Kospi, Australia's Organizations: Shenzhen, Reuters —, Reuters, Allianz, Twitter, Nikkei Locations: Haizhu, Guangzhou, China, Stocks, Hong, Shanghai, Shenzhen, Asia, Pacific

The sunset glow is seen over buildings and a ferris wheel on May 13, 2022 in Beijing, China. Asia-Pacific markets largely fell as investors look ahead to China's inflation figures and trade balance later this week. China will release its trade balance for Tuesday and inflation data on Wednesday, which will give clues on the country's recovery trajectory. Hong Kong's Hang Seng index climbed marginally, but mainland Chinese markets were also all in negative territory. South Korea's Kospi was down 0.85% to close at 2,580.7, marking its fourth straight day of losses, while the Kosdaq saw a larger loss and tumbled 2.2% to end at 898.22.

Persons: Kospi Organizations: Shanghai, Shenzhen Component, Nikkei, Bank of Japan Locations: Beijing, China, Asia, Pacific, Shenzhen, Australia

A panel displaying share prices is seen inside the Shenzhen Stock Exchange in the southern Chinese city of Shenzhen October 23, 2009. The Shenzhen Stock Exchange, one of the two major bourses in the Chinese mainland, is in negotiations with the Saudi Tadawul Group (1111.SE), operator of the Saudi Stock Exchange, for ETF Connect, as the programme is called, two of the sources said. The China Securities Regulatory Commission, the Shenzhen Stock Exchange and the Tadawul Group did not respond to Reuters' requests for comment. China has launched 'ETF Connect' projects in recent years with offshore stock exchanges in Hong Kong, Japan, South Korea, and Singapore. Reporting by Xie Yu and Selena Li in Hong Kong; Additional reporting by Hadeel Al Sayegh in Dubai; Editing by Sumeet Chatterjee and Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Bobby Yip, HONG KONG, HKEX, Jackie Choy, Xie Yu, Selena Li, Hadeel Al, Sumeet Chatterjee, Muralikumar Organizations: Shenzhen Stock Exchange, REUTERS, Saudi Tadawul Group, Saudi Stock Exchange, Connect, China's, China Securities Regulatory Commission, Tadawul, Singapore . Industry, Government Bond Index, Management, Saudi, Hong Kong Exchanges, Clearing, Tadawul Group, Hong Kong bourse, Morningstar Asia, Saudi Arabia's Ministry of Investment, Saudi Aramco, Thomson Locations: Shenzhen, HONG, China, Saudi, Beijing, Riyadh, Saudi Arabia, East Asia, Hong Kong, Japan, South Korea, Singapore, HK, Hong, Europe, East, Africa, Hadeel Al Sayegh, Dubai

☆ China's Tencent says it is expanding testing of 'Hunyuan' AI model
▼ + stars: | 2023-08-03 | by ( Josh Ye | ) www.reuters.com time to read: +1 min

REUTERS/Aly SongHONG KONG, Aug 3 (Reuters) - China's Tencent Holdings (0700.HK) said on Thursday that it has started internal testing of its self-developed artificial intelligence (AI) model, which is now being integrated with a number of internal services and products. In a statement sent to Reuters on Thursday, Tencent said its foundation AI model named "Hunyuan" has been integrated with a range of products such as Tencent Cloud, Tencent Meeting and Tencent Docs. "The Tencent Hunyuan large model, completely developed by ourselves from scratch, has now entered the application testing phase within the company," the company said. Reuters first reported the company's effort to develop the Hunyuan model in February. On Thursday, Tencent also listed Tencent Games, Tencent Advertising, QQ Browser, WeChat Search and Tencent Fintech as lines of business that have been testing the Hunyuan model recently.

Persons: Aly, HONG KONG, Tencent, Josh Ye, Jason Neely, Kim Coghill Organizations: Artificial Intelligence, REUTERS, Tencent Holdings, HK, Reuters, Thomson Locations: Shanghai, China, Shenzhen

☆ Asia markets poised to rise ahead of business activity surveys out of China
▼ + stars: | 2023-07-31 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

SHENZHEN, CHINA - AUGUST 26: An aerial view of the Shenzhen skyline on August 26, 2020 in Shenzhen, Guangdong Province of China. (Photo by He Shaoping/VCG via Getty Images)Asia-Pacific markets are set to largely rise ahead of business activity data and inflation reports from countries around the region this week. For Monday, China will see the official release of its purchasing managers index in July for both the manufacturing and non-manufacturing sector. Futures for Hong Kong's Hang Seng index stood at 20,160, pointing to a stronger open compared to compared to the HSI's close of 19,916.56. However, in Australia, futures for the S&P/ASX 200 point to a lower open, at 7,376 compared to the last close of 7,403.6.

Persons: HSI Organizations: Getty Images, Reuters, PMI, Nikkei, Reserve Bank Locations: SHENZHEN, CHINA, Shenzhen, Guangdong Province of China, Asia, Pacific, China, Chicago, Osaka, Australia

☆ Apple bet on an obscure Chinese manufacturer for the Vision Pro because of its willingness to test 'crazy' ideas, report says
▼ + stars: | 2023-07-31 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Apple chose a Chinese firm to assemble its Vision Pro thanks to its openness to "crazy ideas." A Chinese firm responsible for assembling Apple's Vision Pro had a vote of confidence from the tech giant thanks to its willingness to test "crazy" ideas, a new report says. Luxshare, a contract manufacturer, has built close ties with Apple as the latter prepares to launch its mixed-reality headset. The Vision Pro is Apple's biggest hardware launch since the release of the iPhone in 2007 and set to be its riskiest in recent years. Apple and Luxshare did not immediately respond to Insider' request for comment outside regular working hours.

Persons: Apple, Luxshare Organizations: Financial Times, Apple, Morning, Apple's, Consumers Locations: Shenzhen

☆ Asia markets rise as China's factory activity contracts for fourth straight month
▼ + stars: | 2023-07-31 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

(Photo by He Shaoping/VCG via Getty Images)Asia-Pacific markets rose on Monday as China's factory activity for July remained in contraction territory for the fourth straight month. The official manufacturing purchasing managers index came in at 49.3, higher than June's figure of 49.0, according to the national bureau of statistics. The PMI for non-manufacturing activity came in at 51.5, a slower rate of expansion compared to the 53.2 in June. Hong Kong's Hang Seng index surged over 1.71%, while the Hang Seng Tech index saw a larger climb of 4.84%. The country's industrial output for June came in lower than expected, registering a 2% growth month on month compared to the 2.4% expected by economists.

Persons: Hong, HSI, Australia's Organizations: Getty Images, PMI, Hang Seng, Shanghai, Shenzhen, Nikkei, Reserve Bank, Reuters Locations: SHENZHEN, CHINA, Shenzhen, Guangdong Province of China, Asia, Pacific

☆ China's Sunwoda plans $274.7 mln Hungarian battery plant
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +1 min

BEIJING, July 27 (Reuters) - China's Sunwoda Electronic (300207.SZ) plans to build a power battery factory in Hungary for electric vehicles, with initial investment of up to 1.96 billion yuan ($274.71 million), as Chinese battery makers expand in the European market. Sunwoda, a smaller player among Chinese battery makers, counts Xpeng (9868.HK), Mercedes (MBGn.DE) and Guangzhou Automobile Group (601238.SS) among its biggest clients. Its move comes as Chinese battery suppliers shake up Europe's e-mobility supply chains by setting themselves up on the continent. Chinese market leader Contemporary Amperex Technology (CATL) (300750.SZ) is building a 7.3 billion euro ($8.13 billion) battery plant, also in Hungary, following its first European production site in Germany. ($1 = 7.1380 Chinese yuan renminbi)($1 = 0.8977 euros)Reporting by Ethan Wang, Zhang Yan and Ryan Woo; Editing by Christian Schmollinger and Emma RumneyOur Standards: The Thomson Reuters Trust Principles.

Persons: Sunwoda, Ethan Wang, Zhang Yan, Ryan Woo, Christian Schmollinger, Emma Rumney Organizations: Shenzhen Stock Exchange, HK, Mercedes, Guangzhou Automobile Group, Amperex Technology, EVE Energy, Energy, Thomson Locations: BEIJING, Hungary, Germany, Thailand

☆ China's BYD says first-half net profit could more than triple
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: +1 min

HONG KONG, July 14 (Reuters) - Chinese electric vehicle giant BYD Co LTD (002594.SZ), forecast strong growth in its six-month net profit on Friday, buoyed by robust car sales and increased market share. Net profit for the first six months of the year would rise as much as 225.4% to 11.7 billion yuan ($1.64 billion) from 3.6 billion yuan the year before, it said in a filing to the Shenzhen stock exchange. The bottom end of its forecast range was 10.5 billion yuan, up 192.1% from the year before. BYD and U.S. rival Tesla (TSLA.O) set record deliveries of their China-made vehicles in the second-quarter, according to industry data, as a fight for market share heats up. ($1 = 7.1348 Chinese yuan renminbi)Reporting by Meg Shen Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: BYD, Tesla, Meg Shen, Mark Potter Organizations: Thomson Locations: HONG KONG, Shenzhen, China, India

☆ China's Huawei poised to overcome US ban with return of 5G phones, research firms say
▼ + stars: | 2023-07-12 | by ( David Kirton | ) www.reuters.com time to read: +5 min

Huawei should be able to procure 5G chips domestically using its own advances in semiconductor design tools along with chipmaking from Semiconductor Manufacturing International Co (SMIC), three third-party technology research firms covering China's smartphone sector told Reuters. The firms, citing industry sources including Huawei suppliers, spoke on condition of anonymity because of confidentiality agreements with clients. [1/2]A Huawei logo and a 5G sign are pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. The second research firm said it noticed Huawei had asked SMIC to produce chip components below 14 nm this year for 5G products. The forecast yield rate of less than 50% means that 5G chips are "going to be costly", said Doug Fuller who researches chips at the Copenhagen Business School.

Persons: SMIC, Canalys, Aly, Doug Fuller, Fuller, David Kirton, Jamie Freed Organizations: Huawei, Huawei Technologies, chipmaking, Semiconductor Manufacturing International, Reuters, Apple, Samsung, China Securities Journal, Mobile World Congress, REUTERS, Copenhagen Business School, Thomson Locations: SHENZHEN, China, Shenzhen, U.S, Shanghai, Washington

☆ China's Huawei poised to overcome US ban with return of 5G phones - research firms
▼ + stars: | 2023-07-12 | by ( David Kirton | ) www.reuters.com time to read: +5 min

[1/2] A Huawei logo and a 5G sign are pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. Huawei should be able to procure 5G chips domestically using its own advances in semiconductor design tools along with chipmaking from Semiconductor Manufacturing International Co (SMIC), three third-party technology research firms covering China's smartphone sector told Reuters. The firms, citing industry sources including Huawei suppliers, spoke on condition of anonymity because of confidentiality agreements with clients. The second research firm said it noticed Huawei had asked SMIC to produce chip components below 14 nm this year for 5G products. The forecast yield rate of less than 50% means that 5G chips are "going to be costly", said Doug Fuller who researches chips at the Copenhagen Business School.

Persons: Aly, SMIC, Canalys, Doug Fuller, Fuller, David Kirton, Jamie Freed Organizations: Huawei, Mobile World Congress, REUTERS, Huawei Technologies, chipmaking, Semiconductor Manufacturing International, Reuters, Apple, Samsung, China Securities Journal, Copenhagen Business School, Thomson Locations: Shanghai, China, SHENZHEN, Shenzhen, U.S, Washington

☆ The chip wars are heating up. This Chinese stock rose 30% in five days
▼ + stars: | 2023-07-09 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

China is starting to show what sway it has in the semiconductor supply chain, and stocks are only starting to react. About a week ago on July 3 , China's Commerce Ministry announced export restrictions on germanium and gallium would take effect on Aug. 1. WestSummit claims about 20 billion yuan ($2.77 billion) in assets under management. China's latest export curbs follow sweeping U.S. export restrictions in October to limit Chinese businesses' access to advanced semiconductor technology. One of Delta's investments, Shanghai New Vision Microelectronics, raised just over 1 billion yuan in an initial public offering on Shanghai's Star board on June 1.

Persons: Bo Du, Du, WestSummit, Greg Ye, Ye, Wei Jianguo, Wei didn't, Brian Tycangco, Tycangco Organizations: China's Commerce Ministry, . Geological Survey, WestSummit Capital Management, CNBC, Delta Capital, Shanghai New Vision Microelectronics, Shanghai's Star, Stansberry Research, Materials, Earth Holdings Locations: China, Yunnan, U.S, Shenzhen, Shanghai, Washington, Beijing

HONG KONG, July 7 (Reuters) - Alibaba Group Holdings (9988.HK) and Huawei Technologies Co on Friday showcased new products, including an artificial intelligence (AI) image generator and an AI model upgrade, as Chinese companies jostle for position in the global AI race. Alibaba Cloud, an Alibaba subsidiary, presented at the World Artificial Intelligence Conference in Shanghai an image generator named Tongyi Wanxiang that will initially be available to enterprise customers in beta form. Also on Friday, Huawei demonstrated the third iteration of its Panggu AI model at the start of its three-day annual developer conference in Dongguan. Alibaba's image generator will compete with OpenAI's DALL-E and Midjourney Inc's Midjourney, U.S.-based rivals that have gained a large following worldwide. Alibaba Cloud emerged from a massive overhaul announced in March that split the Chinese tech major into six units.

Persons: OpenAI, OpenAI's DALL, Inc's Midjourney, Alibaba, Josh Ye, Edmund Klamann, Barbara Lewis Organizations: Alibaba Group Holdings, HK, Huawei Technologies, Artificial Intelligence, Huawei, McKinsey, Alibaba, Thomson Locations: HONG KONG, Shanghai, Dongguan, U.S, Shenzhen

☆ Goldman's list of top picks to buy right now includes these 6 Asian stocks
▼ + stars: | 2023-07-05 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Goldman Sachs is positive on a number of Asian markets right now, despite what it expects to be a "subdued" third quarter of the year. He told CNBC's "Street Signs Asia" last week that he's positive on Japan, Korea and China in particular. Goldman expects 24% earnings-per-share growth over the next three years, driving its prediction that Japan's Topix index will reach 2,500, a nearly 8% increase from Monday's close. In South Korea, Goldman expects a profit recovery driven by a "positive inflection" in DRAM pricing. The following six stocks all appeared on the screen and are on Goldman's conviction list of top buy-rated stocks:

Persons: Goldman Sachs, Sunil Koul, CNBC's, Koul, there's, Goldman Organizations: Asia Pacific, Nikkei, Shenzhen Component Locations: Japan, Korea, China, Shanghai, Shenzhen, South Korea, Asia, Pacific

☆ Tesla smashed it last quarter but China’s BYD did even better
▼ + stars: | 2023-07-03 | by ( Laura He | ) edition.cnn.com time to read: +1 min

Hong Kong CNN —BYD outpaced Tesla in the second quarter as the Chinese carmaker posted record sales of hybrid and electric vehicles. Between April and June, BYD (BYDDF) sold more than 700,000 vehicles, almost double the number sold in the same quarter last year and setting a new quarterly record. Tesla and BYD are among the bestselling EV makers in the world. BYD still lags behind Tesla globally in terms of pure EV sales. In May, BYD sold around 119,000 pure EVs, more than double from the same period last year.

Persons: Hong Kong CNN — BYD, Warren Buffett, BYD, Shanghai Gigafactory Organizations: Hong Kong CNN, Tesla, China Association of Automobile Manufacturers Locations: Hong Kong, BYD, China, Shenzhen, Shanghai

☆ Apple is slashing production forecasts for its $3,500 Vision Pro headset only weeks after unveiling it, report says
▼ + stars: | 2023-07-03 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

Bad news for Apple: it's forecast to sell far fewer units of its $3,500 Vision Pro than planned. The FT reported that the new headset was facing production challenges in China. Apple is being forced to slash production forecasts for the Vision Pro because of supply-chain difficulties and technical woes, per an FT report. But the complexity of its design and production issues in China means it could hit less than half that target, per the outlet. The FT reported that Apple has been dissatisfied with the production of the screens.

Persons: Tim Cook, Cook, Luxshare Organizations: Apple, FT, Morning, Vision, Worldwide Developers Conference Locations: China, Shenzhen

☆ Chinese A.I. stocks fall as U.S. reportedly weighs curbs on chip exports
▼ + stars: | 2023-06-28 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

A Nvidia Corp. HGX H100 artificial intelligence supercomputing graphics processing unit (GPU) at the showroom of the company's offices in Taipei, Taiwan, on Friday, June 2, 2023. China's artificial intelligence stocks fell Wednesday after the Wall Street Journal reported that the U.S. is planning to impose new curbs on shipments of AI chips to China. According to the Journal, U.S. chip makers such as Nvidia will be affected by the move which could happen as early as July. China's CSI artificial intelligence index fell 3% on that news on Wednesday in Asia. The Shenzhen-traded shares of Inspur Electronic Information Industry slumped 10% and Chengdu Information Technology of Chinese Academy of Sciences dropped nearly 8%.

Persons: OpenAI's ChatGPT, Bard chatbots, — Organizations: Nvidia Corp, Wall Street Journal, Journal, Nvidia, CSI, Industry, Chengdu Information Technology, Chinese Academy of Sciences Locations: Taipei, Taiwan, China, Asia, Shenzhen, Chengdu, Hong Kong, U.S

☆ Their parents made China the world's factory. Can the kids save the family business?
▼ + stars: | 2023-06-19 | by ( David Kirton | ) www.reuters.com time to read: +9 min

Du, like tens of thousands of other young Chinese factory bosses, is inheriting a basic manufacturing business that can no longer rely on the labour-intensive model that made China the world's largest exporter of goods. Those skills would come in handy in a factory the Chinese state set up in 1951 and privatised in 2002. Like five of the other chang er dai who spoke to Reuters, Zhang never planned to take over the factory. Chang er dai, however, help lift the bottom, which is also important for preserving China's share of world manufacturing, two industry experts told Reuters. Not all chang er dai will get there.

Persons: Steven Du, Du, Zhang Zhipeng, Mao Zedong's, Du said, Zhang, Zhang Zeqing, Chang, Zhou Yuxiang, Tian Weihua, Tian, Zhang Ying, David Kirton, Marius Zaharia, David Crawshaw Organizations: Shenzhen Research Institute of High, Reuters, Apple, Agricultural Products, Lake Technologies, Science, Technology Innovation Research Institute, University of Arts, Workers, Thomson Locations: RUICHANG, China, Shanghai, Southeast Asia, India, New Zealand, United States, TW, Wisconsin, Ruichang, France, London, Ningbo

Islamabad and New Delhi CNN —Tropical Cyclone Biparjoy has made landfall in India’s western Gujarat state, close to the Pakistan border, unleashing powerful gusts of wind that ripped up trees and toppled electricity poles. At landfall, Biparjoy was equivalent to a strong tropical storm with winds of 65 mph (100 kph), according to the Joint Typhoon Warning Center. Heavy rainfall warnings are expected to remain in place for northwest India through Saturday. Akhtar Soomro/ReutersBefore the storm, both India and Pakistan implemented mass safety measures to ensure minimal damage and loss of life. A man rides a motorcycle through a waterlogged street in Mandvi before the arrival of cyclone Biparjoy in the western state of Gujarat, India, June 15, 2023.

Persons: Biparjoy, Akhtar Soomro, Francis Mascarenhas Organizations: New Delhi CNN —, Typhoon Warning, Reuters, Livestock, PIA, National Disaster Management Authority, Residents, Getty, Shenzhen Institute of Meteorological, Chinese University of Hong Locations: Islamabad, New Delhi, India’s, Gujarat, Pakistan, India, Sindh, floodwater, Mumbai, Karachi, Mandvi, Pakistan's Sindh, AFP, Chinese University of Hong Kong, Asia

Exports and factory output in the world's second-largest economy tumbled in May, as looming downturns force the United States and Europe to pare back orders for goods made in China. Some factories closed or are struggling to pay wages or severance for laid-off workers as a result, according to Chinese labour researchers. "We believe that the drop in manufacturing orders and that factory closures will continue," said Aidan Chau, researcher at Hong Kong-based rights group China Labour Bulletin (CLB). Labour unions were central to the Communist Party's proletariat beginnings but play only a marginal role in modern authoritarian China. However, some analysts say factory strikes could become a political headache for the Party.

Persons: pare, Aidan Chau, CLB, Dian, Xin Dian, Zhong Min, Xu Tianchen, Xu, Laurie Chen, Nicoco Chan, Marius Zaharia, Sam Holmes Organizations: China Labour Bulletin, Min, Goods Shenzhen Ltd . Co, Dian Cable Ltd . Co, Reuters, China's Ministry of Public Security, Ministry of Human Resources, Shenzhen, China Federation of Trade Unions, Manufacturers, Workers, Security, Labour, Party, Economist Intelligence Unit, Thomson Locations: BEIJING, United States, Europe, China, Hong Kong, Guangdong province, Shenzhen, Communist, Beijing, Shanghai

Islamabad and New Delhi CNN —Tens of thousands of people are being evacuated as India and Pakistan brace for the impact of Cyclone Biparjoy, which is expected to make landfall in densely populated areas across the subcontinent Thursday, putting millions of lives at risk. Mass evacuations have started in Pakistan’s Sindh province, with about 60,000 people sent to temporary shelters, according to local authorities. Residents evacuate from a coastal area of Keti Bandar before the expected arrival of Cyclone Biparjoy in Pakistan's Sindh province on June 13. In India’s Gujarat state, about 21,000 people have been evacuated from coastal areas, according to the state’s relief commissioner, Alok Kumar Pandey. People gather near the shore before the arrival of Cyclone Biparjoy at Clifton Beach in Karachi, Pakistan, on June 13.

Persons: Biparjoy, ”, Leela Ram Kohli, Alok Kumar Pandey, Rashmi, Sherry Rehman, Cyclone, Akhtar Soomro, Tauktae Organizations: New Delhi CNN, India Meteorological Department, Cyclone, AFP, Getty, PIA, Livestock, CNN, Authorities, Twitter, Shenzhen Institute of Meteorological, Chinese University of Hong, World Meteorological Organization Locations: Islamabad, New Delhi, India, Pakistan, Pakistan’s Sindh, Karachi – Pakistan’s, Keti Bandar, Pakistan's Sindh, Sindh, Badin, India’s Gujarat, Gujarat, Maharashtra, Mumbai, Balochistan, People, Clifton Beach, Karachi, Chinese University of Hong Kong, Asia, India’s

☆ Chinese regulators warn four analysts over Feb 2022 strategy report
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +2 min

The research report, published in February 2022 when China was battling the pandemic, predicted that the domestic stock market would still seek bottom following a rebound, as the economy was under heavy downward pressure. Negative comments by analysts and commentators in China are often censored and have come under increased regulatory scrutiny. The warning comes as China's stock market is struggling to stand on its feet amid signs the post-COVID recovery is losing steam. Other analysts and commentators in China have been censored or come under scrutiny after negative comments in the past. Separately, China's securities watchdog last March launched a crackdown on brokerages using feng shui to predict stock market trends in their research notes, state media reported.

Persons: CSRC, Zhang Xia, Chen Gang, Geng Ruitan, Tu, Yi Huiman, Hong Hao Organizations: China Merchants Securities, China Securities Regulatory Commission, Bank of Communications International Holdings Co, Shanghai, Thomson Locations: SHANGHAI, China, Shenzhen

☆ Hong Kong's Hang Seng jumps 3% led by gains in tech stocks
▼ + stars: | 2023-06-02 | by ( Lee Ying Shan | ) www.cnbc.com time to read: 1 min

Hong Kong spent more than HK$600 billion ($76.44 billion) on various pandemic relief programs for the past three years, forcing it to run rare budget deficits. Hong Kong's Hang Seng index was up 3% in its first hour of trade, leading gains in the wider region. The technology sector led the rally with stocks like Baidu, JD.com and Alibaba all up about 4%. The Kospi added 0.69% as South Korea's consumer inflation for May cooled to a 19-month low, easing for the fourth straight month. Mainland China's Shanghai Composite added 0.24% and the Shenzhen Component was down 0.67%.

Organizations: HK, Baidu, Nikkei, Shenzhen Component Locations: Hong Kong, Australia, Mainland, Shanghai

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