Tag: CITIC
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China adds eight banks to digital yuan network as operators reach 30
The People’s Bank of China has added eight commercial banks to its digital yuan operating network, taking the number of…
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Avatr Seeks Hong Kong IPO Amid Sales Weakness, With Parent Chang’an Pledging Full Support
Parent Chang’an Auto’s chairman has said his company will strongly support the NEV brand, whose sales plunged by more than…
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Apple supplier Luxshare slides in its record Hong Kong debut
Luxshare Precision Industry began trading in Hong Kong on Thursday with a stumble, its shares sliding on a debut that…
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Guotai Haitong’s Performance Suggests Bigger May Be Better In China’s Brokerage Consolidation
The titan formed through the merger of two large brokerages said its profit surged in the first half of 2026…
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Tallest building in Beijing is damaged after small airplane reportedly crashed into it
TAIPEI — A small aircraft crashed into Beijing’s tallest building on Friday, the global flight tracking service provider Flightradar24 confirmed, following…
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Tencent Cloud and China CITIC Bank International Limited Sign Strategic Cooperation Agreement to Accelerate FinTech 2.0 Transformation
HONG KONG, June 18, 2026 /PRNewswire/ — At Tencent Cloud Day Hong Kong, Tencent Cloud, the cloud business of Tencent,…
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Another Chinese brokerage giant adds fuel to country’s overseas expansion push
As Chinese companies expand overseas and Beijing pushes to build globally competitive investment banks, the country’s leading brokerages are increasingly…
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China investors rush for exit after crackdown on illicit cross-border stock trading
BEIJING – Chinese investors are rushing to find alternative ways to buy and sell overseas equities after Beijing launched its…
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Futures, Global Stocks Soar To All Time HIgh, Oil Plunges On Endless “Iran Deal” Drumbeat
US equity futures jumped and global stocks rose to record highs as crude oil fell after officials signaled – once…
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McDonald’s plans record global expansion, remains optimistic about China: CEO
McDonald’s (MCD) is serving up a sizzling growth plan for its investors as it looks to expand its customer base…
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Exclusive: Mainland Chinese banned from opening new offshore trading accounts with local brokers
A man stands near a screen showing news footage of Chinese President Xi Jinping at the China Securities Regulatory Commission…
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Hollysys holders push for special shareholder meeting amid takeover offers – reports
Shareholders of Chinese automation control system firm Hollysys Automation (NASDAQ:HOLI) are pushing for the company to hold special shareholder vote…
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Trustar plans to raise fund to manage McDonald’s China stake -sources
A woman wearing a face mask checks her mobile phone under an umbrella with a McDonald’s sign in Xianning of…
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Bolivia’s lithium reserves are even larger than it thought
Bolivia officially has the largest lithium reserves in the world, according to the country’s president Luis Arce. Arce confirmed yesterday…
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China Plans to Appoint a New Central-Bank Governor
Chinese leaders plan to appoint Pan Gongsheng, a deputy governor of the People’s Bank of China, as the central bank’s…
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China, Russia Strike $1.4 Billion Deal to Extract Bolivian Lithium
Chinese and Russian companies will invest more than $1.4 billion in the extraction of lithium in Bolivia, one of the…
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China’s JD.com to spin off industrial, property units in $1 bn Hong Kong floats
March 30 (Reuters) – E-commerce firm JD.com Inc (9618.HK) is planning to spin off its property and industrial units and…
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Global Membrane Bioreactor Market Report 2022: Limited Availability of Fresh Water and Depleting Water Reserves Driving Growth
DUBLIN, Nov. 7, 2022 /PRNewswire/ — The “Membrane Bioreactor Market by Membrane Type (Hollow fiber, Flat sheet, Multi-tubular), System Configuration…
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New York-listed Chinese cloud services provider Kingsoft Cloud files to go public in Hong Kong | South China Morning Post
Kingsoft Cloud, the New York-listed Chinese cloud computing company, is planning a dual primary listing in Hong Kong, joining the growing ranks of US-listed mainland companies seeking to sell shares closer to home. The Beijing-based company submitted its application to the Hong Kong stock exchange late on Wednesday, according to the bourse’s website. “The proposed…
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Tencent makes a move to turn WeChat’s short-video function Channels into a money pot through ads and e-commerce tool | South China Morning Post
Tencent Holdings is stepping up efforts to earn money from WeChat’s fast-growing video function, which is challenging popular short video platforms such as ByteDance’s Douyin and Kuaishou Technology, as the Chinese internet giant seeks new ways to expand sales and profits. On Thursday, the Shenzhen-based company launched a new e-commerce tool to create online stores…
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China Imposes Antitrust Fines Against Tencent, Alibaba, Others
China Imposes Antitrust Fines Against Tencent, Alibaba, Others By Editors, Regulation Asia Published on 13th July 2022 Tencent was fined CNY 6 million for its involvement in 12 transactions on a list of deals that were not properly reported. To continue reading… Sign in Password * Remember me Lost your password? Get access today Sign…
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Naspers tumbles even as Tencent quashes China crackdown fears
Naspers tumbles even as Tencent quashes China crackdown fears Tencent Holdings denied online speculation that it’s facing a major regulatory crackdown, issuing an unusually aggressive public response after fears of more tech-sector restrictions tanked markets on Monday. Zhang Jun, Tencent’s head of PR, disputed a widely circulated post that suggested the company would weather another…
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PingPong considers a USD 1 bln Hong Kong IPO
PingPong is working with Morgan Stanley, Goldman Sachs, and Citic Securities on a listing that could happen as soon as 2022. The firm had previously considered a listing in mainland China. PingPong is also seeking about USD 300 million in a pre-IPO private funding round. It is currently valued at about USD 5 billion. Founded…
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Sunnyvale lidar startup Quanergy's merger with Chinese SPAC wins shareholder OK
Lidar maker Quanergy Systems Inc.’s plan to go public in a merger with a Hong Kong-based blank check company got a green light on Monday. Shareholders of Citic Capital Acquisition Corp. voted overwhelmingly to approve the deal, according to a regulatory filing by the special purpose acquisition company. But Citic (NYSE:CCAC) didn’t say in the…
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Sunnyvale lidar startup Quanergy's merger with Chinese SPAC wins shareholder OK – NewsBreak
Lidar maker Quanergy Systems Inc.’s plan to go public in a merger with a Hong Kong-based blank check company got a green light on Monday. Shareholders of Citic Capital Acquisition Corp. voted overwhelmingly to approve the deal, according to a regulatory filing by the special purpose acquisition company. But…
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CITIC Telecom CPC’s Data Science And Innovation Team Wins The Championship Of “Material Demand Forecast” Award In The 5th China Industrial Internet Data Innovation And Application Contest
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Chinese cosmetics producer Chicmax plans to plan to IPO in Hong Kong
Chinese beauty care products producer Shanghai Chicmax Cosmetic Co. is planning an initial public offering in Hong Kong when this year, as per individuals familiar with the matter. Shanghai-based Chicmax is working with China International Capital Corp., Citic Securities Co. and JPMorgan Chase and Co. on the proposed share deal that could raise a few…
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The lead underwriting syndicate supports China Mobile’s A-share turnover of 15.259 billion yuan on the first day of listing|China Mobile|A shares|Underwriting syndicate_Sina Technology_Sina.com
Original title: Lead underwriters support China Mobile’s A-share market with a turnover of 15.259 billion yuan on the first day of listing Our reporter Zhou Shangding On January 5, China Mobile was listed for trading on the A-share Shanghai Stock Exchange at a price of 57.58 yuan per share, 846 million shares were issued, and…
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Fearless foreign investment in Taiwan stocks fell madly at 42.9 billion yuan to buy TSMC three times | Anue Ju Heng-Taiwan Stock Market Trend
Taiwan stocks opened higher and lower today (5). Although they fell below the 18,500 mark, foreign capital continued to support them. They made up for low base period stocks with promising prospects, including Hon Hai, ASE Investment Holdings, Fucai, aviation duo, and gold. Holding companies, especially TSMC, have bought three times in a row, and…
