Company Overview and News

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China’s central bank frees up US$100 billion in funding as trade war looms

17h scmp
PBOC cuts share of deposits banks must set aside to boost support for small businesses and ailing state firms
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China’s state-owned Jianyin Investment asserts pursuit of overseas culture assets amid crackdown

2018-06-24 scmp
The firm is targeting culture-related assets – even though Beijing classified some of them like football clubs and cinemas as restricted – to meet growing domestic demand for cultural products and services
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1
CIMB-Principal receives additional RMB1b RQFII quota

2018-06-20 theedgemarkets
KUALA LUMPUR (June 20): CIMB-Principal Asset Management Bhd (CIMB-Principal) has been awarded an additional RMB1 billion quota by the China State Administration of Foreign Exchange for its Renminbi Qualified Foreign Institutional Investor (RFQII) licence.
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29
Emerging Markets Stumble on Fed Rate Hike: ETFs in Focus

2018-06-18 zacks
The Federal Reserve increased its benchmark federal funds rate in the range of 1.75% to 2% in its June meeting, which weighed on emerging market ETFs. This is because higher rates in the United States along with a stronger dollar dulled the appeal of the broad-based emerging markets.
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China investors still upbeat on Malaysia despite ECRL review

2018-06-18 theedgemarkets
PETALING JAYA (June 18): China’s investors are still upbeat on Malaysia despite the government reviewing the East Coast Rail Line (ECRL) project which had been awarded to a Beijing-linked firm, said the republic’s ambassador to Malaysia Bai Tian.
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Chinese still investing in Malaysia despite ECRL review, envoy says

2018-06-18 malaymail
KUALA LUMPUR, June 18 — Investors from China remain positive towards Malaysia even though the new Pakatan Harapan (PH) government is reviewing the China-backed East Coast Rail Line (ECRL) project, Chinese envoy Bai Tian said today.
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2
China focused UK-based maker of affordable DNA sequencing kits eyes Hong Kong listing

2018-06-18 scmp
Oxford Nanopore Technologies, spun-out from Oxford University, is aiming to take on US-based rival Illumina in the US$3 billion a year market by focusing on China, which accounts for 80 per cent of the world’s projects sequencing new genomes of animals and plants
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Hong Kong, China stocks fall anew ahead of US announcement of tariffs on Chinese goods

2018-06-15 scmp
Hang Seng Index posts its biggest weekly drop in two months while the Shanghai index falls to 20-month closing low
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China state planner and top bank set up US$47 billion fund to invest in emerging industries

2018-06-12 scmp
The National Development and Reform Commission and China Construction Bank are targeting sectors including new materials, biotechnology and new-energy vehicles
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China to launch US$47b fund for investment in strategic, emerging industries, says state planner

2018-06-12 malaymail
BEIJING, June 12 — China’s state planner said today it would jointly launch with China Construction Bank 300 billion yuan (US$46.88 billion, RM187 billion) worth of funds for investment in strategic and emerging industries <0939.HK><601939.SS>.
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7
Investor LGIM seeks removal of eight company chairs over climate change inaction

2018-06-10 reuters
LONDON, June 11 (Reuters) - Britain’s biggest asset manager wants to remove the chairmen of the board at eight companies worldwide, which it says have failed to confront the threats posed by climate change.
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22
Tencent tumbles as US takes aim at Google’s ties with Chinese tech firms

2018-06-08 scmp
Chinese internet conglomerate Tencent Holdings tumbled on Friday, dragging Hong Kong’s benchmark with it, after the US congress started examining Google’s ties with Chinese technology and telecoms companies such as Huawei, Tencent, and Xiaomi.
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27
China Vs. The Rest: Double The Growth Expectations At Comparable Valuations

2018-06-07 seekingalpha
Higher earnings growth tends to coincide with valuation premiums, and Chinese equities are no exception. By nature of the country's fast-paced economic growth and the rising market capitalization of the Information Technology sector, China is among the highest-growth markets in the world. This broad-based high-growth trend is evident in the more than 20% long-term earnings growth estimates of Chinese indexes, as well as in price-to-earnings (P/E) ratio premiums compared to broad emerging markets and developed international indexes.
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3
Two Aussie firms among top 100 of world's strongest companies

2018-06-07 theage.com.au
Two Chinese banks are again at the top of a list of the world's 2000 most powerful companies, while Australia's top entrant is also a bank.
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3
Two Aussie firms among top 100 of world's strongest companies

2018-06-07 smh.com.au
Two Chinese banks are again at the top of a list of the world's 2000 most powerful companies, while Australia's top entrant is also a bank.
NAUBF CICHY 55BC NAB NASXF NABZY CBQS CICHF CCB 0939

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