Chinese officials are taking steps to stabilize operations at China Vanke Co. after deepening liquidity stress and questions surrounding the whereabouts of its top executive triggered turmoil for its bonds and shares last week,
By Clare Jim, Ziyi Tang, Kane Wu HONG KONG (Reuters) -After numerous measures to resolve a liquidity crisis in the property market in recent years, Beijing is expected to end up dusting off an old playbook and step in directly to stabilise a state-backed developer seen as a bellwether for the sector.
When a mother in New York City realized her son's iPhone was missing, she did what many parents would do – she immediately opened Apple's Find My app to track the device. What she discovered was both frustrating and fascinating,
Oddly enough, losing the iPhone wasn't the most infuriating part of the ordeal. What truly upset the mother was the lack of interest from local authorities. She filed a police report with the NYPD immediately after the theft, but the response was underwhelming. Even when the phone's location was trackable in NYC, nothing was done to investigate.
Siemens Healthineers, a medical device company based in Germany and a subsidiary of the multinational conglomerate Siemens, broke ground on its new research and development (R&D), and manufacturing facility in Shenzhen, Guangdong province, China. The company has invested approximately $136.5m (over CNY 1 billion) in the new facility.
Starting this year, 30 per cent of the annual insurance premium earned from new coverage policies will be put into yuan-denominated A shares, said Wu Qing China's financial regulators are channelling pension and insurance funds into the nation's equities to establish medium and long-term holdings and stabilise Asia's largest capital market.
Named after the city in which the company is headquartered, the BYD Shenzhen recently undocked from Yangzhou port, northwest of Shanghai.
Siemens Healthineers, a German health technology company, has begun construction on a new manufacturing and research facility in South
The Mawan Undersea Tunnel, the first underwater tunnel in Shenzhen, Guangdong province, was officially opened on Tuesday. The tunnel, spanning approximately 8.05 kilometers, connects Qianhai cooperation zone in the south with the Dachan Bay Port Area in the north.
On Monday, Hong Kong-listed growth stocks had a strong day, as the Hang Seng Index gained +1.75% and the Hang Seng Tech Index gained +2.59% following U.S. President Donald Trump and China President Xi Jinping’s Friday phone call that took place after Asia markets closed and before the U.S. markets opened.
Dustin Madison, a father from Illinois, US, moved to Shenzhen with his family two years ago and was pleasantly surprised by the city's child-friendly environment. Despite media misconceptions, the family found Shenzhen's thoughtfully designed infrastructure to be ideal for raising children. Dustin highlights interactive and educational spaces, such as science labs, which provide engaging learning opportunities for his son. The Madison family appreciates Shenzhen's unique blend of culture and innovation, making it an excellent place for families to grow and thrive. Their experience reflects Shenzhen's commitment to weaving child-friendly concepts into its urban landscape.
The future of developer China Vanke and its $45 billion in debt were in focus on Friday after media reports alleged its CEO had been temporarily detained, deepening concerns about China's embattled property sector.