WuXi AppTec, Other Chinese Biotech Firms Drop as Biosecure Act …
Sep 10, 2024 · Net profit at WuXi AppTec dropped 20 percent to CNY4.2 billion (USD589.9 million) in the six months ended June 30 from a year earlier, according to its most recent financial report. Revenue fell 9 percent to CNY17.2 billion (USD2.4 billion), with CNY10.7 billion of that coming from US clients. Editors: Dou Shicong, Martin Kadiev.
China to Allow Wholly Foreign Owned Hospitals in Eight Cities, …
Sep 9, 2024 · audio is not supported! (Yicai) Sept. 9 -- China will allow private hospitals in eight cities and one province to be wholly foreign owned in a bid to further open up its healthcare sector, attract more overseas investment, and better meet patients’ medical needs. The areas are Beijing, Fuzhou, Guangzhou, Nanjing, Shanghai, Shenzhen, Suzhou ...
China's Central Bank Has Room to Lower RRR But Not Interest …
Sep 6, 2024 · audio is not supported! (Yicai) Sept. 6 -- There is still room for the People's Bank of China to lower the reserve requirement ratio, but deposit and interest rate cuts remain unlikely, according to the central bank's monetary policy department. The average RRR for financial institutions is about 7 percent, indicating that adjustments are still ...
Aoyuan’s Shares More Than Double in Value After UAE Investor …
(Yicai) Sept. 23 -- China Aoyuan Group’s shares closed 127 percent higher after the developer said UAE-based investment firm Multi Gold Group has become its main shareholder, marking a major change in ownership as the builder seeks financial stability after years of debt struggles.
Lenovo Gains After Sale of USD2 Billion Convertible Bond to Saudi …
Sep 13, 2024 · Lenovo Gains After Sale of USD2 Billion Convertible Bond to Saudi PIF Unit Is Approved. (Yicai) Sept. 13 -- Lenovo Group’s stock price rose after the Chinese laptop giant said shareholders approved the issuance of USD2 billion of convertible bonds to a subsidiary of Public Investment Fund, Saudi Arabia’s sovereign wealth fund.
Third-Party Office Leasing Demand in Shanghai Climbs Despite …
6 days ago · Third-Party Office Leasing Demand in Shanghai Climbs Despite Overall Downturn. (Yicai) Oct. 11 -- Amid an overall sluggish demand for office space in Shanghai, third-party office leasing jumped last quarter to rank fifth among various types of commercial property leasing in the city. The market share of third-party office leases in Shanghai was ...
RELATED - Yicai Global
Jan 13, 2021 · China’s Grain Reserves Are at Historic High, Enough to Feed Population for 1 Year, Gov’t Says. (Yicai Global) Jan. 13 -- China’s grain reserves are at a record high at a time when many countries are suspending food exports amid the Covid-19 pandemic, Xinhua News Agency reported today, citing the director of the National Food and Strategic ...
Japan’s Reliance on Chinese Imports Nearly Doubles in Three Years
Jul 17, 2024 · audio is not supported! (Yicai) July 17 -- Japan’s dependency on China for imported items, including laptops, air conditioners, organic chemicals, and rare-earth metals, almost doubled in the three years through 2022. Japan was highly dependent on China for nearly 40 percent of the goods brought into the country in 2022, according to a white ...
[Fact Check] Insiders Deny Report of 98% Dive in Chinese Startups …
Sep 18, 2024 · Venture capital funding in China has dried up, leading to a sharp decline in new company formations, the Financial Times reported on Sept. 12. Last year there were just 1,202 startups set up in China compared with 51,302 in 2018, the report said, citing data from IT Juzi. “The cited data is inaccurate,” Wen Feixiang, founder of Beijing ...
Alibaba Sells Entire Stake in Gap China Operator Baozun - Yicai …
May 31, 2024 · audio is not supported! (Yicai) May 31 -- Alibaba Group Holding has sold all of its 14.4 percent stake in Baozun, which bought Gap’s China business more than a year ago, further slimming its non-core assets portfolio. Alibaba sold the 26.5 million shares to Champion Kerry, Shanghai-based Baozun said in a bourse filing yesterday.