Business News
Latest business news and updates
Total: 456
Shanghai Moves to Supercharge the Second‑hand Economy with 'Internet+' Push and Tighter Rules
Shanghai has issued guidance to expand its second‑hand goods market by scaling an “Internet+” model, improving trade‑in and registration procedures for cars and electronics, and encouraging third‑party testing and appraisal services. The package aims to boost consumption, formalise trading practices and advance circular‑economy goals, while posing enforcement and data‑privacy challenges.
Shanghai Offers Cash Bonus for Energy‑Efficient Appliance Upgrades to Spur Consumption and Cut Energy Use
Shanghai will subsidise purchases of top‑rated energy and water‑efficient household appliances with a rebate equal to 15% of the sale price, capped at 1,500 yuan per item and available for six categories of products. The move aims to boost consumption, accelerate replacement of inefficient appliances, and support domestic manufacturers while advancing municipal energy‑efficiency goals.
Shanghai Rolls Out Cash Incentives to Push Energy‑Efficient Appliance Upgrades — ¥1,500 Cap Per Item
Shanghai will subsidise purchases of top‑rated energy and water‑efficient household appliances — refrigerators, washing machines, TVs, air conditioners, computers and water heaters — at 15% of the sale price up to ¥1,500 per item. The measure aims to stimulate consumption and accelerate household upgrades while supporting municipal energy‑saving goals, though its impact depends on implementation and recycling capacity.
Hong Kong Pullback: Hang Seng Falls as Gold and Lithium Miners Suffer Heavy Losses
Hong Kong’s Hang Seng and Hang Seng Tech indexes fell just over 2% on Friday, reversing part of January’s rally. Heavy losses in gold and lithium miners — with some names plunging more than 10–14% — drove the decline and point to heightened short-term volatility as investors reassess commodity prospects and risk appetite.
China Tightens Capacity‑Payment Regime to Shore Up Power Security and Smooth the Renewable Transition
China’s NDRC and NEA have instructed provinces to strengthen capacity‑price mechanisms for coal, gas, pumped storage and new grid storage, mandating that capacity payments recover at least 50% of coal units’ fixed costs and establishing rules for reliable capacity compensation tied to spot market development. The package aims to stabilise dispatchable revenues, encourage storage participation in markets and support reliability as renewables expand, while requiring provincial assessments of consumer affordability and stricter performance oversight.
China’s Treasury Benefits from Market Turnover as Stamp Tax Surges 57.8% in 2025
China’s Treasury recorded a 57.8% jump in securities transaction stamp tax to 2,035 billion yuan in 2025, reflecting stronger market turnover, while overall general public budget revenue fell 1.7% to 21.6 trillion yuan. Tax receipts rose only modestly and non‑tax income declined due to a 2024 one‑off, even as childcare subsidies have reached more than 30 million infants and remaining payments are to be completed by March 2026.
China’s State Firms See Profits Slip in 2025 Despite Flat Revenues, Raising Questions for Beijing’s Growth and Reform Strategy
China’s state-controlled firms posted a 6.3% drop in profits for 2025 despite a 0.5% rise in revenue, with total profits around ¥4.04 trillion and an asset‑liability ratio of 65.1%. The data highlight margin pressure across SOEs and present Beijing with a choice between fiscal support and deeper restructuring.
A‑Shares Finish January on a High: Shanghai Composite Ends Month Above 4,100 as Metals and AI Lead the Rally
The Shanghai Composite rose 3.76% in January and closed above 4,100, powered by a rotation between precious‑metals miners and AI application plays. Heavy turnover—more than RMB 2.5 trillion for 20 trading days—fostered sharp, theme‑driven rallies in smaller names even as some large‑cap benchmarks showed strain.
Yu Minhong’s Bet: New Oriental and Dongfang Zhenxuan Find Their Footing — But Growth Is Far From Assured
New Oriental and its e‑commerce spinoff Dongfang Zhenxuan both reported mid‑fiscal 2026 results that show operational stabilization and a return to profitability for Dongfang. Their recoveries reflect strategic shifts—de‑personalisation and self‑operated goods for Dongfang, and business‑mix adjustment plus AI investment for New Oriental—but both face significant execution and competition risks before growth can be deemed sustainable.
A‑shares End January on a High: Gold, AI and Commercial Space Lift Shanghai Above 4,100
Shanghai markets closed January with a 3.76 percent gain, stabilising above 4,100 after mid‑month highs and narrow consolidation. Precious metals, AI application names and commercial space stocks were the standout performers amid sustained high trading volumes.
China Delivers Home‑Designed 175,000 m³ LNG Carrier, Signalling Step‑Up in Shipbuilding Muscle
China has delivered the domestically designed 175,000 m³ LNG carrier Haihan from CSSC Dalian to China Merchants, featuring low boil‑off and a dual‑fuel engine that meets strict IMO emissions rules. The handover underscores China’s growing competence in high‑end shipbuilding and carries implications for energy logistics, industrial policy and international competition in the LNG‑carrier market.
China Midday: ChiNext Stages a V-Shaped Comeback as AI Compute Hardware Leads a Narrow Market Rally
At the Jan. 30 midday break China’s main indices diverged: the Shanghai Composite and Shenzhen Component fell while the ChiNext index staged a V-shaped rebound, rising 0.8%. Compute-hardware and AI-related small caps drove the upside even as non-ferrous metals and lithium names plunged, leaving the market narrow and turnover subdued.