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China Market extends gains on private manufaturing PMI data

The Mainland China share market finished higher for second consecutive session on Tuesday, 01 June 2021, after a private report showed Chinese manufacturing expanded in May.
The Caixin China PMI Manufacturing Index rose to 52 in May from 51.9 for the previous month, signifying the nation s industrial companies were in expansion mode. The report, which surveys smaller enterprises, contrasted with a slight drop in activity in an official manufacturing gauge published by the National Bureau of Statistics a day earlier.
At closing bell, the benchmark Shanghai Composite Index advanced 0.26%, or 9.24 points, to 3,624.71. The Shenzhen Composite Index, which tracks stocks on China s second exchange, added 0.41%, or 9.82 points, to 2,429.57. The blue-chip CSI300 index added 0.2%, or 10.11 points, to 5,341.68. ....

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Makroökonomische Daten: Die wichtigsten Ereignisse der kommenden Woche (DekaBank) | Aktien des Tages

Makroökonomische Daten: Die wichtigsten Ereignisse der kommenden Woche (DekaBank) | Aktien des Tages
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China Market climbs to 3-month highs

Read more about China Market climbs to 3-month highs on Business Standard. At closing bell, the benchmark Shanghai Composite Index advanced 0.43%, or 15.49 points, to 3,608.85, its strongest closing since Feb 23. The Shenzhen Composite Index, which tracks stocks on China s second exchange, added 0.79%, or 18.72 points, to ....

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China's economy grew nearly 20 percent in first quarter: report

China’s economy grew nearly 20 percent in the first quarter of 2021, showing the country’s rebound from the economic toll the coronavirus pandemic has taken on the world. ....

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Alibaba to lower entry barriers after record antitrust fine, shares rally

SHANGHAI (Reuters) - Alibaba Group CEO Daniel Zhang said on Monday he does not expect any material impact from the change of exclusivity arrangement imposed by China s regulators, after an anti-trust probe found the firm had abused its dominant market position.
Alibaba, China s largest e-commerce company, will introduce measures to lower entry barriers and business costs faced by merchants on its platforms, Zhang told an online conference for media and analysts.
China on Saturday imposed a record 18 billion yuan ($2.75 billion) fine on Alibaba amid a crackdown on technology conglomerates, signalling a new era after years of laissez-faire approach.
The e-commerce giant has come under intense scrutiny since billionaire founder Jack Ma s public criticism of the Chinese regulatory system in October. ....

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