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1 week ago | 
buff.ly | Zhang Yushuo
(Yicai) June 18 -- GAC Aion, the new energy vehicle unit of Chinese carmaker GAC Group, has refuted rumors claiming its employees have suffered significant losses because of a decline in valuation. "These rumors are entirely unfounded and purely malicious," GAC Aion said in a statement issued on June 16. As a core independent brand under GAC, GAC Aion has the full support of the parent firm, and its production and operations are smooth, it added.
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1 week ago | 
buff.ly | Zhang Yushuo
(Yicai) June 18 -- Shanghai and Hong Kong inked a joint action plan on the occasion of the opening of the Lujiazui Forum today, aimed at promoting the coordinated development of the two financial hubs, enhancing their respective strengths and increasing China’s influence in the global financial system. The Action Plan for Collaborative Development of Shanghai and Hong Kong International Financial Centers outlines 38 measures across six main areas.
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1 week ago | 
buff.ly | Zhang Yushuo
(Yicai) June 18 -- JD.Com will launch six innovative projects in the short term, including the issuance of stablecoins, according to the chairman of the Chinese e-commerce giant.
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1 week ago | 
buff.ly | Zhang Yushuo
(Yicai) June 17 -- Caocao Mobility, the ride-hailing firm owned by Zhejiang Geely Holding Group’s founder and Chairman Li Shufu, aims to raise more than HKD1.8 billion (USD233.1 million) in an initial public offering in Hong Kong. Caocao will go public on the Hong Kong Stock Exchange on June 25 under the stock code [HKG: 2643], offering nearly 44.2 million shares at a price of HKD41.94 (USD5.34) apiece, according to a listing prospectus filed today.
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1 week ago | 
buff.ly | Zhang Yushuo
(Yicai) June 17 -- House prices in 70 major Chinese cities continued to decline last month but at a slower pace than in April, mainly because policies aimed at stabilizing the real estate market keep taking effect. New home prices in first-tier cities fell 1.7 percent in May from a year earlier, compared with a drop of 2.1 percent the month before, according to data released yesterday by the National Bureau of Statistics.
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1 week ago | 
buff.ly | Lin Jing |Zhang Yushuo
(Yicai) June 16 -- College graduates in China have seen their average monthly income jump around 53 percent over the past 10 years, with those with technology and engineering-related degrees earning the most, according to a new report. The mean monthly salary of workers who graduated last year was CNY6,199 (USD850) six months after graduation, compared with CNY4,042 (USD555) in 2015, according to the latest Chinese College Graduates' Employment Annual Report published by MyCOS Research.
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2 weeks ago | 
buff.ly | Zhang Yushuo
(Yicai) June 13 -- China has added Indonesia to its 240-hour visa-free transit program, bringing the number of eligible countries to 55. Including Indonesia in this visa exemption list is an important measure in further deepening relations with members of the Association of Southeast Asian Nations, according to an official from the National Immigration Administration, which announced the country's addition to the program yesterday.
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2 weeks ago | 
buff.ly | Zhang Yushuo
(Yicai) June 12 -- Nearly 40 universities from the Yangtze River Delta region are showcasing close to 260 innovations at the 11th China Shanghai International Technology Fair (CSITF), underscoring the growing technological momentum in China’s higher education sector.
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2 weeks ago | 
buff.ly | Zhang Yushuo
(Yicai) June 12 -- The China-US tariffs will likely drop to between 30 and 40 percent this year after the 90-day suspension of some additional tariffs ends and potentially to around 20 percent next year, while the impact of US exceptionalism on investments will wane, according to UBS Global Wealth Management's chief investment officer for China and Asia-Pacific macroeconomics head.
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2 weeks ago | 
yicaiglobal.com | Chen Junjun |Liao Shumin |Zhang Yushuo |Huang Siyu
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