Hong Kong stock connect programs increase trading days
China will increase the trading days of the stock connect programs between the mainland and Hong Kong in the country’s latest move to open up the capital markets, the country’s top securities regulator announced Friday. Trading days of the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect that were formerly closed due to…
Automaker Chery posts strong sales in Jan-July
Chinese automaker Chery Holding Group Co., Ltd. reported strong sales in the first seven months of 2022, according to the company’s report. Chery sold 606,783 vehicles in the January-July period, up 19.3 percent year on year. Among the sales, the exports reached 198,859 vehicles. In July alone, Chery sold 131,533 vehicles, up 57.7 percent year…
China’s EV charging points revolution
The number of new charging points for electric vehicles (EVs) in China grew at a fast clip in July to meet the charging demand of the country’s ballooning EV community, industrial data showed. By the end of July, the country had about 3.98 million charging facilities, nearly double the number one year ago, according to…
Wellness industry director charged for making false statements
Tatiana De Oliveira, also known as Tatiano De Oliveira, of Byron Bay, New South Wales, has been charged with making a false or misleading statement to ASIC. Between 8 June 2018 to 21 August 2020, Mr De Oliveira was the sole director of Shiera Wellbeing Centre Pty Ltd (ACN 626 309 939), a Brisbane-based business…
You Ready to Let the Dogs Out?
The great unwind in monetary stimulus has led and will continue to lead equity market weakness, especially in the highest multiple parts of the market. July, however, proved a sharp exception to the trend, although we suspect this conjuring trick will not prove durable as short rates continue to rise and earnings falter through the…
Foreign trade of east China’s Jiangxi up 45.2 pct in Jan.
East China’s Jiangxi Province reported a robust 45.2 percent increase in foreign trade in the first seven months to 385.21 billion yuan (about 57.14 billion U.S. dollars), official data showed. Among the total foreign trade volume, exports rose 54.6 percent year on year to 299.42 billion yuan, while imports went up 19.9 percent to 85.79…
CommSec Morning Report 15 August 2022
Latest news In US economic data, import prices fell by 1.4% in July (survey – 1.0%) but were up 8.8% on the year. Export prices fell by 3.3% in July (survey: -1.1%) but were 13.1% higher on a year ago. The preliminary University of Michigan consumer sentiment index lifted from 51.5 to 55.1 in August…
Fixed income returns to the winner’s podium
The good news is fixed income assets posted strongly positive returns in July. The bad news is why. Central banks’ aggressive tightening of monetary policy to fight inflation is raising concerns of a material slowdown in growth, with recession an increasing possibility, The global economy is in the midst of a marked slowing, and recessionary…
New national lab boosts Australia’s vaccine and drug sovereign capability
Australian biomedical innovations are receiving an extra boost as Australia’s national science agency CSIRO contributes to filling in the ‘missing link’ in our vaccine and pharmaceutical pipeline. Opening the new National Vaccine and Therapeutics Lab in Melbourne today, Minister for Industry and Science the Hon. Ed Husic MP said investing in skills and infrastructure is…
Playing the green card
Climate change remains one of the most significant risks facing the global community. In response to investor demand, sustainability-labelled investments have more than doubled between 2019–21 in our region alone, according to Morningstar Australia. Globally, Bloomberg Intelligence estimates environmental, social and governance (ESG) assets are projected to exceed US$53 trillion by 2025 and represent more…
