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1 week ago | 
yicaiglobal.com | Dou Shicong
(Yicai) April 15 -- The ASEAN+3 region, which consists of the 10 member states of the Association of Southeast Asian Nations and China, Japan, and South Korea, is resilient and has the policy capacity to withstand the global trade shocks following the US administration's so-called reciprocal tariffs, according to an international organization that contributes to the area's economic stability.
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1 week ago | 
yicaiglobal.com | Dou Shicong
(Yicai) April 11 -- Shares in Changan Automobile advanced today after the Chinese car giant projected a rebound in profit in the first three months, after a sharp drop last year, thanks to stronger electric vehicle sales and growing demand in overseas markets. Changan Auto’s share price [SHE:000625] closed up 0.9 percent at CNY12.31 (USD1.70), giving the company a market capitalization of CNY122 billion (USD16.7 billion).
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2 weeks ago | 
yicaiglobal.com | Dou Shicong
(Yicai) April 10 -- Since China introduced a special lending facility to fund share buybacks and stake increases last year, banks have been quick to use this tool to do their bit to steady the country’s stock market, China Central Television News said. CCTV News reported today that commercial banks have extended more than CNY300 billion (USD40.9 billion) in credit since September, when the People’s Bank of China introduced a financial support package for the property and stock markets.
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2 weeks ago | 
yicaiglobal.com | Dou Shicong
(Yicai) April 9 -- Global energy giants China Petroleum & Chemical Corporation, better known as Sinopec, and Saudi Arabian Oil Company plan to expand their joint venture refinery to meet growing demand for high-end petrochemicals in Saudi Arabia.
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2 weeks ago | 
yicaiglobal.com | Dou Shicong
(Yicai) April 8 -- BYD's stock price recovered after the world’s largest electric vehicle manufacturer announced that its net profit is expected to have doubled in the first quarter. BYD [SHE: 002594] closed 1.8 percent higher at CNY327.51 (USD44.70) in Shenzhen today after an intraday gain of 4.4 percent, following a 10 percent drop yesterday. Year-to-date, the stock has risen by 16 percent.
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2 weeks ago | 
yicaiglobal.com | Dou Shicong
(Yicai) April 8 -- Chinese distiller Kweichow Moutai, oil major Petrochina and other Chinese large-cap, stable blue-chip stocks, have unveiled share buyback plans or announced that major shareholders will increase their holdings to give the mainland stock markets a boost after yesterday’s sharp drop triggered by the global fallout from the US government’s new Reciprocal Tariffs policy.
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2 weeks ago | 
yicaiglobal.com | Dou Shicong
(Yicai) April 7 -- China increased its gold reserves in March for the fifth month in a row amid rising global trade tensions. The People’s Bank of China increased its holdings of gold by 90,000 ounces to 73.7 million ounces last month, according to official data released today. By value, China’s gold reserves rose by USD21 billion to USD229.6 billion. From November to last month, the PBOC added 900,000 ounces of gold. Its reserves had been steady for the six months prior to that.
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3 weeks ago | 
yicaiglobal.com | Dou Shicong
(Yicai) April 2 -- The president of Chinese new energy vehicle startup Nio's sub-brand Onvo has resigned for failing to meet the sales target. Alan Ai announced on Onvo's mobile app today that he had stepped down from all his positions because the sales of the L60, the marque's only model on the market, had failed to match its competitive capabilities. Ai was also Nio's senior vice president. Nio launched its second brand Onvo in May last year, with Ai serving as president from the beginning.
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3 weeks ago | 
yicaiglobal.com | Zhang Yushuo |Xu Wei |Dou Shicong |Yi Xing
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3 weeks ago | 
yicaiglobal.com | Zhang Yushuo |Xu Wei |Dou Shicong |Yi Xing
We sent you a codeEnter it below to verify via You'll need a passwordMake sure it's 8 characters or moreSHOW PASSWORD/HIDE PASSWORDSuccess! Welcome to Yicai GlobalFind your Yicai Global accountCheck your emailWe've sent an email to with a confirmation code. Enter the code below to reset your password. If you don't see the email, check your junk, spam or other folders. Change your passwordStrong passwords include numbers,letters,and special characters.
