Thursday, May 16, 2024

Monthly Archives: May, 2018

First Quarter Freight Volume Up 6.3% Year-on-Year

Official data indicates that China's freight volumes posted significant growth in the first quarter of 2018. Data from the Chinese Ministry of Transport indicates that...

MOF Cuts 84 Public-Private Partnerships from Demonstration Project List

The Chinese Ministry of Finance (MOF) has made the unprecedented move of removing public-private partnerships (PPP) from its list of demonstration projects. MOF has just...

Xiaomi Expected to Apply for IPO on Wednesday, Raise $10bn by July

Chinese smartphone giant Xiaomi is expected to apply for listing on the Hong Kong Stock Exchange on 2 May, according to a report from...

China Railway’s Debt Load Exceeded 5 Trillion Yuan in First Quarter

The national railway operator has just released its 2017 annual report, revealing a sizeable increase in profits alongside an immense debt load. China Railway Corporation...

China’s Low IPO Approval Rate Expected to Persist

Members of industry expect the IPO pass rate of 50% for the first four months of 2018 to continue as the China securities regulator...

Tianjin Government Company Defaults on USD$79mn in Trust Loans

A state-owned real estate company in Tianjin municipality has defaulted on two trust loans with a total value of 500 million yuan (USD$78.69 million),...

Small Regional Banks Are the Achille’s Heel for China’s Financial System

A new analysis point to China's smaller regional lenders as being the chief source of vulnerability and risk for the country's debt-laden financial system. China...

Disreputable Passengers Banned from Boarding Chinese Trains and Planes

The Chinese central government has launched new regulations that will ban passengers from flying on aircraft if they engage in unbecoming social conduct. The "Opinions...

China Cancels Tariff on Imported Anti-Cancer Drugs

The Chinese government has officially cancelled tariffs on imported anti-cancer drugs as of 1 May 2018. China's National Health Commission announced the launch of a...

CBIRC Warns of Fraudulent Sale of Financial Products by Insurance Professionals

The China Banking and Insurance Regulatory Commission has warned the public that members of the insurance sector are selling non-insurance financial products in breach...

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