Hedge funds ponder next move as yuan rises against US dollar
As the yuan stabilises against the US dollar near the 6.5 mark, overseas hedge funds were pondering their next move, reported the 21st Century Business Herald on Wednesday.
Copyright authority holds talks with major online music platforms
The heads of Tencent Music Entertainment, Ali Music Group, NetEase Cloud Music and Baidu Taihe Music were brought together by the Copyright Management Division of State Administration of Press, Publication, Radio, Film and Television of the People’s Republic of China (SAPPRFT) to discuss issues related to copyright, Caixin reported on Tuesday.
First pipeline natural gas bid trading goes through the roof
The Shanghai Oil and Gas Trading Centre held bidding for pipeline natural gas for the first time on Tuesday, with a total of nine million cubic meters of gas sold at the highest price, the 21st Century Business Herald reported.
Three cities looking into surge in consumer loans
Authorities in Suzhou, Beijing and Shenzhen have begun looking into the rise in consumer loans, as authorities move to prevent the flow of credit into the real estate market, the 21st Century Business Herald reported on Wednesday
China needs at least eight more first-tier cities: economist
China needs at least eight more first-tier cities, said Guan Qingyou, deputy director of Minsheng Securities and chief economist of the Minsheng Think Tank. Nine cities, including Tianjin, Hangzhou, Chengdu, Wuhan, Nanjing, Chongqing, Xi’an, Suzhou and Hefei are expected to be the nation’s next first-tier centers, Yicai.com reported.
Zhejiang province enforcing environmental reform
Zhejiang Province cited 6,151 enterprises for rectification, 3,477 enterprises for punishment and issued tickets amounting to more than 190 million yuan, the 21st Century Business Herald reported, citing an official statement.