Page 6 - Chinese Firms
China plans support for industrial firms hit by high raw materials cost
China's Ministry of Industry and Information Technology is studying measures to enhance the structure of supply-side policies, boost consumer demand and incentivise investments in technology
 "China plans support for industrial firms hit by high raw materials cost")
Taiwan raids Chinese firms in latest crackdown on chip engineer-poaching
Taiwan has ramped up a campaign to counter illegal poaching by Chinese companies in what the island sees as a threat to its chip expertise
 "Taiwan raids Chinese firms in latest crackdown on chip engineer-poaching")
US lists more Chinese firms to delist them from American exchanges
In a fresh crack down on Chinese companies, the US Securities and Exchange Commission (SEC) has added over 80 firms to its list that is likely to delist them from American exchanges, including China's JD.com, China Petroleum & Chemical Corp, JinkoSolar, Pinduoduo, Bilibili, electric maker NIO Inc and NetEase.
 "US lists more Chinese firms to delist them from American exchanges")
Tencent Holdings's revenue grows at slowest pace in 2 decades
Tencent Holdings's revenue grew at the slowest pace since its 2004 listing, showing the financial toll of China's crackdown on its most lucrative businesses from gaming to advertising.
 "Tencent Holdings's revenue grows at slowest pace in 2 decades")
Huawei has long-term strategy for India which will not change: APAC VP
Huawei Asia Pacific Vice President Jay Chen, in a virtual roundtable from Barcelona, said the company will cover India under all of its initiatives
 "Huawei has long-term strategy for India which will not change: APAC VP")
Rahul hits out at Centre, alleges Statue of Equality built by Chinese firm
Earlier this month, the Statue of Equality was inaugurated by Prime Minister Narendra Modi commemorating the 11th-century Bhakti Saint Sri Ramanujacharya
 "Rahul hits out at Centre, alleges Statue of Equality built by Chinese firm")
CAIT moves CCI against 'Chinese' firm Shopee for hurting Indian SMEs
CAIT Chairman Praveen Khandelwal said that Shopee is offering hefty discounts on various products by selling them at an extremely low price
 "CAIT moves CCI against 'Chinese' firm Shopee for hurting Indian SMEs")
Amid I-T raids on Chinese mobile firms, Xiaomi, OPPO say cooperating
According to sources, the smartphone companies were allegedly violating rules and norms to evade taxes and were on the radar of several probe agencies, including the I-T department
 "Amid I-T raids on Chinese mobile firms, Xiaomi, OPPO say cooperating")
Chinese conglomerate HNA cedes control of core airline operations
The handover is the latest step in the long dissolution of one of China's biggest conglomerates
 "Chinese conglomerate HNA cedes control of core airline operations")
Chinese developer Sunshine 100 defaults on $170 million of bonds
The firm has struggled to meet debt obligations this year as authorities cracked down on excessive leverage in the property industry
 "Chinese developer Sunshine 100 defaults on $170 million of bonds")
'China firms actively working with regulators for US listing'
Forcing US-listed Chinese firms to delist isn't responsible policy option: Securities watchdog
 "'China firms actively working with regulators for US listing'")
Disclose more information or delist, SEC diktat for Chinese companies
Didi set to leave New York, make HK debut
 "Disclose more information or delist, SEC diktat for Chinese companies")
Chinese developer Modern Land defaults; property shares drop
China's state planner is set to meet with property firms carrying large dollar-denominated debts later in the day to take stock of their total issuance volume and repayment capability
 "Chinese developer Modern Land defaults; property shares drop")
Evergrande's $1.7 bn HK headquarters sale flops as buyer withdraws: Report
The collapse of the talks for the landmark building's sale is another setback for cash-strapped Evergrande, which has been scrambling to divest some assets to repay creditors knocking on its doors
 "Evergrande's $1.7 bn HK headquarters sale flops as buyer withdraws: Report")
China exports up 28% in September; surplus with United States grows
China's global trade surplus rose to $68 billion in September from $52 billion in August
 "China exports up 28% in September; surplus with United States grows")
Evergrande creditors fear imminent default as advisers call for clarity
Evergrande shares have been suspended since it requested a trading halt on Monday pending a major transaction announcement.
 "Evergrande creditors fear imminent default as advisers call for clarity")
Evergrande bondholders to mull options as woes hit China property bonds
Evergrande has already missed coupon payments on dollar bonds twice last month
Evergrande trading suspended as major announcement awaited: Report
Chinese property giant Evergrande's shares have been suspended as investors await a statement about its future, the BBC reported.
Evergrande pain spreads to wealthy investors as more payments missed
Rich trust buyers join 70K retail investors who suffered losses and want their money back
 "Evergrande pain spreads to wealthy investors as more payments missed")
China vows further curbs on 'disorderly expansion' by tech firms
In recent times, China has launched a series of monopoly probes into internet companies
 "China vows further curbs on 'disorderly expansion' by tech firms")
