Business News
Latest business news and updates
Total: 749
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.
China Loosens 'Three Red Lines' as Property Sector Moves from Deleveraging to Stabilisation
China is effectively easing its "three red lines" deleveraging rules for property firms, with some developers no longer required to file monthly metrics. The move reflects a sector-wide shift from aggressive deleveraging to stabilisation, but analysts remain split on the timing and strength of any sustained recovery.
Henan Leads as China’s Big Provinces Shift from Old Industries to New Growth Engines
Seven of China’s ten largest provincial economies grew faster than the national 5.0% pace in 2025, led by Henan at 5.6%. The data point to a structural shift toward services, high‑tech manufacturing and clean energy, with regional convergence narrowing output gaps but leaving risks from investment, debt and external demand.
Shenzhen ‘Private Gold’ Scheme Freezes Withdrawals as Investors Face Billion‑Yuan Losses
A Shenzhen‑based private gold platform, Jieworui, has frozen withdrawals and offered investors steep haircuts, leaving potential claims exceeding 100 billion yuan and tens of thousands affected. The product was a high‑leverage, social‑media‑distributed ‘lock‑price’ scheme that failed when rising gold prices overwhelmed the operator’s liquidity, prompting regulatory scrutiny and potential criminal probes.
Gold and Silver Collapse Roils Chinese Markets: Miners, Jewelers and Commodities Stocks Hit Hard
Spot gold and silver plunged on January 30, with spot gold down as much as nearly 5% and silver nearly 7% intraday, prompting a broad sell‑off in Chinese precious‑metals and nonferrous equities. Major mining and metals stocks hit daily down limits while leading jewellery brands sharply cut retail gold prices, transmitting market stress to consumers and corporates.
Cheap Blind-Box Champion Goes Public: Can Sunny & Sandy Turn Volume into a Durable IP Business?
Sunny & Sandy, a low‑price blind‑box maker, has filed to list in Hong Kong after rapid revenue and volume growth driven by a nationwide low‑price, high‑turn retail strategy. The firm has converted short‑term momentum into profit, but rising licensing costs, lack of proprietary IP and thin per‑unit margins create questions about the sustainability of its model.
China’s Baijiu Rally Masks a Painful Reckoning: Dividend Promises Crumble as Earnings Plunge
A sharp one‑day rally in Chinese liquor stocks on January 29 masks deeper distress: most baijiu producers reported steep 2025 profit declines, and Yanghe’s decision to abandon a RMB 7bn minimum dividend exposed the fragility of dividend‑backed valuations. The sector faces a rebalancing driven by saturated distribution channels, weaker cashflows and tighter profitability, with 2026 likely to bring consolidation and more conservative payout policies.
From 40 m² Shop to HK$86bn IPO: How Two '85ers Turned Cut‑Price Snacks into China's Biggest Retail Bet
Two entrepreneurs from modest backgrounds built MingMing Busy into China's largest snack retail chain by combining ultra‑low prices, direct sourcing and rapid expansion into lower‑tier markets. The group's HK IPO valued it at about HK$86.2bn, rewarding scale but leaving open questions about single‑store profitability, brand trust and the sustainability of its low‑margin model.