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Asia Top News and Analysis Shanghai

  • BAODING, China— Wei Jianjun is the chief matchmaker in China's love affair with the SUV. A decade ago, the chairman of Great Wall Motors Ltd. saw opportunity as the bulky vehicles began shedding their image in China as a farm tool. By 2013, with demand surging, Great Wall had become China's most profitable automaker and Wei was a billionaire.

  • BEIJING, Feb 22- China's home price growth slowed for the fourth straight month as demand cooled further in its biggest cities, a welcome sign for policymakers as they seek to defuse bubbles in the world's second-largest economy amid an explosive growth in debt. Over the past year, authorities have slapped curbs on China's property sector- a major contributor to...

  • HONG KONG, Feb 22- China's yuan fell slightly against the U.S. dollar after the central bank set a weaker midpoint on Wednesday, but trading stayed in a narrow range as traders awaited clues on market direction. The People's Bank of China set the midpoint rate at 6.883 per dollar prior to market open, weaker than the previous fix of 6.879. Ken Cheung, an Asian FX...

  • Shanghai, known for its famous waterfront district The Bund, overtook Tokyo as Asia Pacific's top real estate investment destination in 4Q 2016.

    Shanghai has become the top destination for real estate investment in Asia, squeezing out Tokyo from the number 1 spot in 4Q 2016, says JLL.

  • TOKYO, Feb 22- Asian stocks rose on Wednesday, joining a record-setting session for global markets as investors cheered upbeat factory activity in Europe and solid earnings on Wall Street. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, taking its cues from the world stock index rising to an all-time peak of 446.21 overnight.

  • *Shenzhen, Shanghai monthly growth slowed. BEIJING, Feb 22- China's home price growth slowed for the fourth straight month as demand cooled further in the biggest cities, official data showed on Wednesday, signaling government curbs to defuse a bubble in the sector were starting to pay dividends. In China's biggest cities, Shenzhen, Shanghai and Beijing prices...

  • BEIJING, Feb 22- Average new home prices in China's 70 major cities rose 0.2 percent in January from a month earlier, slowing a touch from December, as government curbs continued to take the heat off the market, an official survey showed on Wednesday. Compared with a year ago, home prices still rose 12.2 percent, just off December's 12.4 percent gain, according to data...

  • Once again this was a record forged in China. While primary metal production in the rest of the world fell by 182,500 tonnes on an annualized basis over the course of December and January, it surged in China. The irony is that part of the reason for strong pricing is the threat of capacity curtailments in China on environmental grounds.

  • Once again this was a record forged in China. While primary metal production in the rest of the world fell by 182,500 tonnes on an annualised basis over the course of December and January, it surged in China. The irony is that part of the reason for strong pricing is the threat of capacity curtailments in China on environmental grounds.

  • Once again this was a record forged in China. While primary metal production in the rest of the world fell by 182,500 tonnes on an annualised basis over the course of December and January, it surged in China. The irony is that part of the reason for strong pricing is the threat of capacity curtailments in China on environmental grounds.

  • Once again this was a record forged in China. While primary metal production in the rest of the world fell by 182,500 tonnes on an annualized basis over the course of December and January, it surged in China. The irony is that part of the reason for strong pricing is the threat of capacity curtailments in China on environmental grounds.

  • SHANGHAI/ LONDON, Feb 21- For years, cash-rich Chinese investors have been highly sought after the world over. China's increasing efforts to prevent capital from leaving the country are eroding the confidence of domestic and foreign investors about getting deals done inside and outside of the world's second-biggest economy. Chinese bidders had become...

  • MELBOURNE, Feb 21- London copper slipped on Tuesday as the dollar pushed ahead, but ongoing supply concerns from industrial action in Chile and an Indonesian export permit dispute underpinned prices. Three-month copper on the London Metal Exchange slipped by 0.5 percent to $6,036.50 a tonne by 0720 GMT, paring gains after a 1.9 percent rally in the previous...

  • HONG KONG, Feb 21- China's yuan slipped against the U.S. dollar on Tuesday, after the global dollar index rose to nearly one-week highs, but much of the focus was on offshore trade as yuan deposit rates in Hong Kong spiked to more than 6 percent. Offshore yuan liquidity was squeezed at the end of last year as Beijing's tightening measures to stem capital outflows made...

  • MELBOURNE, Feb 21- London copper held its ground on Tuesday, trading near its highest levels in a week amid ongoing supply concerns from industrial action in Chile and an Indonesian export permit dispute. Three-month copper on the London Metal Exchange edged up 0.1 percent to $6,075 a tonne by 0312 GMT, holding gains after a 1.9 percent rally the session before...

  • MELBOURNE, Feb 21- London copper held its ground on Tuesday, near its highest in a week, supported by supply concerns amid industrial action in Chile and an Indonesian export permit dispute. *Three-month copper on the London Metal Exchange traded flat at $6,071 a tonne by 0112 GMT, holding gains after a 1.9 percent rally the session before when it struck $6,105 a...

  • SHANGHAI/ LONDON, Feb 21- For years, cash-rich Chinese investors have been highly sought after the world over. China's increasing efforts to prevent capital from leaving the country are eroding the confidence of domestic and foreign investors about getting deals done inside and outside of the world's second-biggest economy. Chinese bidders had become...

  • SHANGHAI/ LONDON, Feb 21- For years, cash-rich Chinese investors have been highly sought after the world over. China's increasing efforts to prevent capital from leaving the country are eroding the confidence of domestic and foreign investors about getting deals done inside and outside of the world's second-biggest economy. Chinese bidders had become...

  • Feb 20- Saudi Arabia is favoring New York to list state oil giant Saudi Aramco, while also considering London and Toronto for the prospect of floating the firm, the Wall Street Journal reported on Monday. Saudi officials also talked to exchanges in Singapore, Hong Kong, Tokyo and Shanghai but are unlikely to pursue listing in those places, the newspaper said, citing...

  • SHANGHAI, Feb 20- China tweaked its formula for setting daily reference midpoints for its yuan currency on Monday, three sources with direct knowledge of the matter said, in what was seen as authorities' latest move to help curb speculation in the currency. Global attention on China's exchange rate policy has intensified since its foreign exchange reserves...