24 h. ago Moore Threads shares dazzle with fivefold jump in Shanghai debut

Moore Threads Technology surged by more than fivefold in Shanghai, as enthusiastic investors vied to get shares of the Beijing-based semiconductor supplier used in artificial intelligence, helping to mark the second-biggest trading debut in China’s stock market this year. Moore’s shares began trading at 650 yuan amid a declining market, a 468 per cent jump from their initial public offering (IPO) price of 114.28 yuan. China’s benchmark CSI300 Index slipped 0.1 per cent. The surge in Moore...

Politics

42 h. ago ‘Zootopia 2' box office tops 2 billion yuan in China, sets new record for imported animated films

‘Zootopia 2' box office tops 2 billion yuan in China, sets new record for imported animated films  ecns.cn

Society

49 h. ago China Gives Most Forceful Signal Since 2022 to Slow Yuan Gains

China Gives Most Forceful Signal Since 2022 to Slow Yuan Gains  Bloomberg.com

Politics

4 d. ago China’s Yuan Set for Best Year Since 2020, Defying Trade Strains

China’s Yuan Set for Best Year Since 2020, Defying Trade Strains  Bloomberg.com

Politics

4 d. ago Scandal hits Yongan hydro construction project, China media demands answers

A 7.5 billion yuan (US$1.06 billion) hydroelectric construction project in southeast China is under investigation for alleged corner-cutting and legal violations, with experts raising concerns that there may be serious safety problems. The scandal-stricken Yongan power station in Fujian province is a priority project under the national pumped-storage development goals of the 14th five-year plan covering 2021 to 2025, aimed at safeguarding regional power stability and enhancing the green...

Events

4 d. ago Chinese media demands answers as scandal hits US$1 billion hydropower project

A 7.5 billion yuan (US$1.06 billion) hydroelectric construction project in southeast China is under investigation for alleged corner-cutting and legal violations, prompting concerns among experts about serious safety issues and a demand for answers from state media. The Yongan power station in Fujian province is a priority project under the national pumped-storage development goals of the five-year plan covering 2021 to 2025, aimed at safeguarding regional power stability and taking forward the...

Science

4 d. ago China’s currency push gains ground as Russia nears issuance of yuan bond

Russia is inching closer to its first yuan-denominated sovereign bond sale, aiding China’s push to raise the global standing of its currency. Russia’s Finance Ministry will start taking orders on December 2 for the two-part, domestically traded notes. The borrower was expected to market the new debt with a targeted coupon of 6.25 to 6.5 per cent for a 3.2-year tranche, the Interfax news agency reported, adding that the coupon for a 7.5-year portion would be capped at 7.5 per cent. Running a...

Politics

5 d. ago China’s factory activity contracts in November for 8th month in a row

China’s factory activity contracted for an eighth consecutive month in November, according to official data, as external headwinds and weak domestic demand continued to drag on the world’s second-largest economy. The manufacturing purchasing managers’ index (PMI) stood at 49.2 in November, up from 49 a month earlier, the National Bureau of Statistics said on Sunday. The reading was in line with a forecast of 49.2 based on economists polled by financial data provider Wind. The monthly index...

Politics

7 d. ago Beijing SOEs report total assets of 9.59 trillion yuan in 2024

Beijing SOEs report total assets of 9.59 trillion yuan in 2024  China.org

Politics

7 d. ago Builder China Vanke’s Yuan Bond Gyrations Confound Credit Market

Builder China Vanke’s Yuan Bond Gyrations Confound Credit Market  Bloomberg.com

Politics

7 d. ago China Vanke yuan bonds plunge to record low, triggering trading halt

China Vanke yuan bonds plunge to record low, triggering trading halt  Reuters

Politics

8 d. ago China Vanke yuan bonds fall to record low, triggering trading halt

China Vanke yuan bonds fall to record low, triggering trading halt  Reuters

Politics

8 d. ago Chinese EV makers step on gas abroad amid weakening mainland sales

Chinese electric vehicle (EV) builders are increasingly shipping their cars abroad to spur international sales ahead of an expected downturn in their home market, analysts say, as Beijing phases out incentives such as tax holidays and cash subsidies. The carmakers, which can enjoy a net margin of 20,000 yuan (US$706) per vehicle by selling their cars outside mainland China, are rolling out more models and pushing into untapped territories to chase high profitability. Stellantis-backed Leapmotor,...

Politics

8 d. ago Price wars and tariffs: China’s industrial profits snap winning streak

China’s industrial profits dropped in October after a strong September, according to official year-on-year data released on Thursday, and analysts are pointing to domestic competition and trade tensions weighing on corporate balance sheets. Profits fell 5.5 per cent from a year ago, reversing a 21.6 per cent surge in September and a 20.4 per cent jump in August, according to figures from the National Bureau of Statistics. For the January-October period, profits earned by Chinese companies of a...

Economics

9 d. ago China Builder Vanke Seeks Yuan Bond Extension for First Time

China Builder Vanke Seeks Yuan Bond Extension for First Time  Bloomberg.com

Events

9 d. ago China’s private defence firms; Beijing sets yuan fix: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. China’s private defence companies see opportunities amid growing conflicts Escalating global conflicts could create opportunities for China’s private defence companies as customers, both at home and abroad, seek affordable and reliable military equipment, according to industry insiders. 2. Why China’s space sector is grabbing attention – including from Elon...

Economics

1 week ago Chinese airlines cancel flights on 12 Japan routes as tensions continue to rise

As a political dispute between Beijing and Tokyo continues to inflame relations, Chinese media reports indicate some domestic airlines have cancelled flights on 12 of their routes to Japan – including paths to popular tourism destinations Kyoto and Osaka – with analysts predicting cancellations to rise within the week. As of Monday morning, flights on these routes had been put on hold, according to a report from financial news outlet Yicai that cited Chinese aviation data platform DAST. Domestic...

Events

1 week ago China's ice and snow economy sets to surpass 1 trillion yuan as sector enters growth boom

China's ice and snow economy sets to surpass 1 trillion yuan as sector enters growth boom  ecns.cn

Politics

2 w. ago China's central bank to sell bills worth 45 billion yuan in Hong Kong

China's central bank to sell bills worth 45 billion yuan in Hong Kong  Reuters

Economics

2 w. ago Cockroach coffee: China museum assures drinkers that US$6 insect brew is safe

A museum in Beijing has launched a creepy-crawly coffee brew which has ground-down cockroaches sprinkled on the surface of the drink. Aside from the insect powders, the caffeine pick-me-up is laced with dried yellow mealworms. Drinkers say it has a “burnt and slightly sour” flavour, the news outlet The Cover reported. The roach coffee is on sale at the coffee shops of an insect museum in the capital city of China; it costs 45 yuan (US$6) a cup. The museum’s name was not given in the report. “We...

Politics