President Xi Jinping has urged the Communist Party’s top decision makers to boost self-discipline, and closely watch family members and subordinates as China continues its battle against corruption. In a speech to the Politburo on Friday, Xi said members must be strict both with themselves and with those around them, according to state news agency…
He made the comments in a speech in January, but some of the contents were only made public on Sunday in an article published in the Central Committee’s theoretical magazine Qiushi. Xi was speaking at January’s plenary session of the Central Commission for Discipline Inspection (CCDI), the top anti-corruption body, where he said all party…
President Xi Jinping has called for national security and social stability to be upheld in China’s border regions and for Mandarin to be spoken more broadly in those areas, according to state media. Addressing a Politburo study session on Monday, Xi said maintaining security and stability was the “baseline requirement” for border governance, state news…
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…
Hong Kong Stocks Stage Late Rebound as China Pledges Spark Stimulus Hopes Hong Kong’s Hang Seng Index closed 2.8% higher at 20414.09, reversing morning losses. China’s Politburo pledged to boost domestic demand, and stabilize housing and stock markets. It also said the main annual economic, social development targets will be accomplished, the state-run Xinhua News…
Following a Xi-headed Politburo meeting, China looks set to ease its monetary policy stance in a first since the 2008-09 global meltdown. This comes in the view of Donald Trump’s return to the White House in the US. read more With the possibility of the second round of trade war looming as Donald Trump inches…
The suspect in Monday night’s deadly car attack in Zhuhai is the owner of a construction materials store, according to registration information obtained by the South China Morning Post. In all, 35 people were killed and 43 others injured in what police in the southern Chinese city labelled as a “major malicious case”. The suspect…
President Xi Jinping has issued a slew of economic-centric instructions in the past week, at a time all eyes are watching Beijing’s stimulus package aimed at shoring up China’s economy. The latest message from Xi was conveyed on Sunday in the northeastern city of Tianjin during an event to celebrate the 40th anniversary of China’s…
China’s top police officer has made a rare comment on economic matters with a call for better risk management and stability. The state media reports of Wang Xiaohong’s comments highlighted that he was speaking in his capacity as a senior member of the Communist Party and as a state councillor, rather than as public security…
In recent weeks, expectations of China unleashing a major stimulus reached a crescendo as the top brass of China’s major economic ministries and commissions took turns appearing on stage in the State Council’s press conference hall. After an initial larger-than-expected monetary package unveiled in the last week of September, some market players voiced disappointment at…