China Newsbase
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The China News Database was last updated at 01:50PM on November 9, 2023.
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242 articles matching the search query.
Traders Rush to Dump China Tech Stocks as Gaming Targeted Again
Technology stocks led Chinese shares lower on Thursday after Beijing took aim at gaming companies for focusing solely on profit, underscoring the risk of calling a bottom to the market.
China Tells Gaming Firms to End ‘Solitary’ Focus on Profit
Chinese regulators summoned gaming companies including Tencent Holdings Ltd. and Netease Inc. to discuss further oversight of the industry and the need to deemphasize profits, prompting a steep share selloff.
China Tech Stocks Meituan, Alibaba Jump After Tencent Share Buyback
Chinese technology stocks rallied to their highest level in more than a month after a new round of share buybacks by Tencent Holdings Ltd boosted market sentiment.
China’s Vice Premier Liu Reassures Businesses Amid Crackdowns
China’s Vice Premier Liu He made a strong pledge to continue supporting private businesses after a spate of regulatory crackdowns in sectors from after-school tutoring to Internet platforms rocked financial markets.
Sensex closes at new high of 58,130, Nifty at 17,324; metals, realty surge
Market Closing: The Sensex closed at 58,129.95, up 277.41, or 0.48%, while the Nifty was at 17,323.60, up 89.45 points, or 0.52%. Banks, financials , FMCG were top drags
China’s Weibo Bans Stock-Tip Accounts With Millions of Followers
One of China’s largest social media companies closed stock-tipping accounts with millions of followers as it heeds Beijing’s call to cleanse content deemed harmful to the country’s economy.
China Vows Pricing Reform To Keep Healthcare Affordable
China will reform the pricing of medical services provided by public hospitals as part of its campaign to make healthcare more affordable, the latest salvo in President Xi Jinping’s call for “common prosperity” for the country’s 1.4 billion people.
Chinese Tech Stocks Rally to Start Week as Investors Eye Bottom
Chinese technology shares climbed on Monday after recording their best weekly advance since January as bargain hunters continued to load up on the beaten-down sector.
Nasdaq Golden Dragon (HXC) Index 50% Drop Paves Way for Brave China Bulls
An unprecedented plunge in the Nasdaq Golden Dragon China Index is opening up the possibility of a rebound for the bravest China bulls.
Chinese Tech Stocks JD.Com, Pinduoduo Lead U.S. Higher a Second Day
Chinese stocks listed in the U.S. rallied in premarket trading, led by gains in JD.com Inc. and Pinduoduo Inc., after technology shares extended their rebound in Hong Kong following a months-long rout.
China Tech Shares Stage Rebound After Five-Week Selloff
Chinese technology stocks rallied in Hong Kong on Monday as bargain hunters pounced in the wake of the sector’s worst rout in months.
Even After $1.5 Trillion Rout, China Tech Traders See More Pain
Even a $1.5 trillion selloff may not provide an attractive entry point for equity investors as they grapple with cascading risks in China’s technology sector.
Americans Turn Against China Stocks as Crackdown Angst Deepens
For American investors, Chinese stocks are becoming the asset not to own.
China Tech Stocks Hit by Salvo of Criticism Over Games
Chinese technology stocks slumped Monday after sustaining another round of criticism from state media over online games.
Traders Seeking China’s Next Target Focus on Pets, Beauty Brands
For investors in China seeking clues as to how far President Xi Jinping’s widening crackdown will go, any sector deemed to be of national interest could be in the crosshairs.
Beijing’s tech crackdown trips trading debut of Tencent-backed Krafton
The PUBG: Battlegrounds creator’s disappointing launch has come after Chinese state media’s latest broadside against video gaming and market leader Tencent.
China Tech Stocks Rise as Analysts Turn Positive After Selloff
Chinese internet stocks rallied in Hong Kong on Tuesday after some brokers started to turn optimistic on the sector and said investors were making an attempt to find a bottom in prices after the recent selloff.
Shocked Investors Scour Xi’s Old Speeches to Find Next Target
As $1 trillion evaporated from Chinese stocks last week, some investors realized they hadn’t paid enough attention to the country’s most important man: President Xi Jinping.
Tech Stocks Fuel Hong Kong Reprieve Rally as China Money Returns
The return of Chinese investors and bargain hunters in tech stocks is giving Hong Kong’s equities market a reprieve from weeks of relentless selling.
China Stocks Are Better Shelter Than Hong Kong in Xi’s Clampdown
Owning shares in China is proving a better proposition than Hong Kong for investors seeking shelter from a rout driven by Beijing’s policy pivots.