Ding Haifeng – Charm

CSRC vows deeper reforms to open China’s capital market and boost tech listings

1 day ago07 mins

China’s top securities regulator has pledged to widen foreign investors’ access to the mainland’s capital market while further lowering the fundraising threshold for technology firms, after a key indicator slumped nearly 4 per cent from a 10-year high in mid-November. Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), set out guidance for the…

Chinese carmakers rein in EV price cuts at Beijing’s behest as discount war takes its toll

Cs news4 months ago02 mins

Chinese carmakers have refrained from offering steep discounts to align with Beijing’s efforts to protect a vital industry, but an end to the prolonged price war remains elusive, as the sector grapples with overcapacity and weak consumer demand for high-ticket items. The average discount offered by mainland Chinese electric vehicle (EV) and petrol car manufacturers…