China Business Now

CBN丨China’s factory activity stuns with fastest growth in a decade

The official gauges of China’s factory, services and construction activities rebounded strongly in February, shaking off the impact of Covid after Beijing reopened the economy late last year.

China’s official manufacturing purchasing managers index rose to 52.6 in February from January’s 50.1. The result marks the highest reading since April 2012, when it hit 53.5, and well exceeds the 50.5 expected by economists.

 

https://m.21jingji.com/article/20230301/herald/00c8cbecc0899e2e6594912940f88f8c.html

CBN丨China unveils plan to promote digital development

China unveils blueprint for propelling digital development through 2035.

 

https://m.21jingji.com/article/20230228/herald/a03f66b1c6fc9f71136f25eff770b851.html

CBN丨HK to allow pre-profit tech firms to list in March

The Hong Kong Exchanges and Clearing (HKEX) will allow tech companies with no earnings or profit to list after a rule change in March, said Christopher Hui, secretary for financial services and the treasury of HKSAR.

 

https://m.21jingji.com/article/20230227/herald/af1625b55b81f882c024233b6aa92276.html 

CBN丨China’s “No.1 central document” highlights vitalization of rural areas

The central authorities on Monday unveiled the closely watched “No. 1 central document" for this year, which pledged to advance the national strategy of rural vitalization and accelerate modernization in rural regions.

 

https://m.21jingji.com/article/20230214/herald/6d3ef1dd9e3c029ac665185c1bdd720f.html

CBN丨China’s new yuan loans soar to a record 4.9 trillion yuan in January

China’s new yuan-denominated loans soared to a new monthly record in January, showing that the Chinese economy is recovering quickly.

 

https://m.21jingji.com/article/20230213/herald/1c1e438861cb335aaf7fd50f688c2213.html

CBN丨Guangdong Province promotes investment and trade in Hong Kong, eying multinationals

South China economic powerhouse Guangdong Province is gearing up efforts to woo international investors by reaching out to Hong Kong in a latest policy introduction tour, as exchanges in business and trade in the Greater Bay Area accelerated.

 

https://m.21jingji.com/article/20230209/herald/09f9b5d584e88275252b715fede704f4.html

CBN丨Property developers restart overseas bond financing

Chinese state-owned real estate companies restarted overseas bond issuances in January after five months of suspension, paving the way for a rebound of the industry as more companies are expected to follow suit.

 

https://m.21jingji.com/article/20230208/herald/b08e62133f4c4f62680d6a312f6e4210.html

CBN丨Baidu plans to launch ChatGPT-styble bot Ernie in March

China's AI giant Baidu confirmed plans to roll out a ChatGPT-style service, triggering an immediate rally in its Hong Kong-listed shares that surged 18 percent on Tuesday morning. The Beijing-based company has named its own version of AI-based chatbot Ernie Bot, which it plans to officially launch in March after completing internal testing.

 

https://m.21jingji.com/article/20230207/herald/687df98c1af57b3321d0b7106b340235.html

CBN丨China resumes outbound group travel to 20 countries, Hong Kong and Macao SAR

Chinese travel agencies are preparing for the resumption of outbound group tour services starting from Monday, with the first batch of tourists set out for countries including Thailand and Laos, after the Ministry of Culture and Tourism announced on January 20 that China would roll out a pilot program to resume outbound group travel services to 20 countries starting from Monday. 

 

https://m.21jingji.com/article/20230206/herald/e4fefb50d27079412a1c1fb0aed5d5ea.html

CBN丨China rolls out registration-based IPO rules across all market

China will broaden the registration-based initial public offering system and include no trading limit on the first five trading days for new listings.

 

https://m.21jingji.com/article/20230202/herald/006e8f137d4556bf3b11d81b8c053188.html