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27/08/2025
The onshore Chinese yuan against the US dollar rose above the July high, reaching its highest level since November last year, closing at 7.1447 yuan, up approximately 70 points intraday.
Latest
2 m ago
Building a "national network" China's natural gas transmission capacity exceeds 400 billion cubic meters for the first time.
2 m ago
Since the beginning of this year, China has comprehensively promoted the construction of backbone pipelines, branch pipelines, gas storage and peak-shaving facilities, and interconnection projects, accelerating the establishment of a new pattern of the "five vertical and five horizontal" natural gas pipeline network in China. With the completion and operation of the Turpan to Zhongwei section of the fourth West-East Gas Pipeline, the main welding of the Tiger Forest-Changchun natural gas pipeline trunkline completed, and the first phase of the second West-East Gas Pipeline put into operation, the construction of the national energy infrastructure has further accelerated. Currently, China's natural gas transmission capacity has exceeded 400 billion cubic meters, and the gas pipeline transmission capacity has achieved a leapfrog improvement.
2 m ago
Morgan Stanley: Hedge funds are bullish, expected to have the largest investment scale in the Chinese stock market in August for the past six months.
2 m ago
A report from Morgan Stanley shows that global hedge funds are increasing their bets on the Chinese stock market and August is expected to see the largest monthly buying spree since February. Morgan Stanley stated that hedge funds have been heavily favoring A-shares since early August, in stark contrast to the influx of funds into Hong Kong's technology sector following breakthroughs in artificial intelligence in February. According to Morgan Stanley's report on Tuesday, last week saw the most funds flowing into the consumer goods and industrial sectors. Morgan Stanley estimates that as of August 22, long-short funds investing in Chinese stocks have seen an average increase of 3% this month, and a total increase of 13.5% year-to-date.
4 m ago
Ping An executives: Ping An, as a patient and long-term capital, will moderately increase the allocation of equity assets.
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