Professional investors have stayed away from China’s stock markets despite several attempts by the country’s government to revive investment sentiment. An analysis of fund data reveals portfolio managers have steadily lowered their allocation toward China equities since mid-2020 when Beijing intervened in its property sector with the “three red lines” rule to address concerns of…
Meituan Dianping application icons are displayed on an Apple Inc. iPhone in Hong Kong, China, on Friday, March 23, 2018. Justin Chin | Bloomberg | Getty Images Asian tech stocks rose Tuesday, following news that U.S. president Donald Trump had paused tariffs on Mexico for a month, while also postponing tariffs on Canadian exports. Gains…
CLN KraneShares Key News Asian equities were higher, except for Hong Kong and Mainland China, which were off following President Trump’s 10% tariff threat, which prompted profit-taking after six days of gains. I would have thought that a 10% tariff was expected or would have been cheered, as 10% is better than 60%, which is…
The Black Pearl Restaurant Guide 2025, published by Meituan – China’s largest shopping platform – was unveiled at a ceremony held in the Chinese city of Nanchang on January 6. Compared to last year, the number of restaurants selected in Hong Kong and Macau in the 2025 guide has increased. There are 37 Hong Kong…
China’s booming artificial intelligence (AI) industry has a plethora of job openings but not enough talent to fill them, according to a recent report from Maimai, a Chinese professional online network similar to LinkedIn. A quarter of openings among the top 20 “new economy” job types on Maimai this year through October were directly related…
CLN KraneShares Key News Asian equities were mixed overnight as South Korea bounced after yesterday’s 52-week low. US-listed China ADRs and ETFs had a very strong day yesterday following Politburo’s very strongly worded release, including “proactive fiscal policy” and “loose monetary policy.” A key point is the release occurred after the Mainland’s 3 PM close,…
The Hang Seng Index rose 1.2 per cent to 20,650.82 as of 9.49am local time, extending a 2.8 per cent gain on Monday. The Hang Seng Tech Index gained 1 per cent. On the mainland, the CSI 300 Index climbed 1.9 per cent and the Shanghai Composite Index added 1.6 per cent. Sentiment took a…
CLN KraneShares Key News After the Mainland’s close, a statement was released from today’s meeting of the Politburo, which is the Political Bureau of the CPC Central Committee, i.e. the highest echelon of China’s government, which was presided over by President Xi. The statement said that the body would “implement more proactive fiscal policies and…
Food delivery giant Meituan is looking to launch its drone delivery services in Hong Kong, joining a slew of Chinese tech giants that are searching for new growth in the city amid stiff competition on the mainland. Meituan aims to be one of the first companies to operate a drone delivery fleet in Hong Kong,…
Google Play, the official online store for Android-based apps, has named Meituan-owned online delivery platform Keeta and fantasy role-playing game AFK Journey, developed by the global publishing unit of Shanghai firm Lilith Games, among the winners of its “Best of 2024” awards in Hong Kong. Keeta, which was rolled out in Hong Kong in May…