All limits on passenger flights lifted
Business briefs from the Chinese media โ Thursday December 29
All limits on passenger flights to be lifted: Yesterday, the Civil Aviation Administration of China (CAAC) issued a plan for the full resumption of international passenger flights from January 8, and the cancellation of all pandemic control measures, including testing and quarantine.
Hikvision spinoff has IPO: Yesterday, Ezviz ่ค็ณ็ฝ็ป, a manufacturer of smart home appliances that is majority owned by surveillance equipment company Hikvision ๆตทๅบทๅจ่ง, listed on the Shanghai Stock Exchange. The IPO raised about 3.23 billion yuan ($464.87 million), but the stock price closed down 12.23% after the opening day.
Big shipbuilding profits: Earlier today, the China Shipbuilding Industry Association announced that from January to November, 75 of the largest local shipbuilding enterprises achieved revenue of 280.33 billion yuan ($40.17 billion), a year-on-year increase of 11.3%, and net profit of 7.54 billion yuan ($1.08 billion), an increase of 109.4%.
