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Chinese regulators

China, US sign deal on audit dispute in a step to avert delistings

HONG KONG: The US audit regulator said on Friday it has signed an agreement with Chinese regulators, taking a first...

Published 26 Aug, 2022 06:49pm

Business & Finance

Chinese regulators ask some US-listed firms to prepare for audit disclosures

HONG KONG/BEIJING: Chinese regulators have asked some of the country’s US-listed firms, including Alibaba, Baidu...

Published 23 Mar, 2022 04:58am

Beijing presses Didi to delist from US over data security fears

HK/SHANGHAI: Chinese regulators have pressed top executives of ride hailing giant Didi Global Inc to devise a plan ...

Published 27 Nov, 2021 05:08am

Markets

China stocks close lower

SHANGHAI: China stocks closed lower on Thursday as property developers and automobiles weighed, while ...

Published 26 Nov, 2021 05:15am

Business & Finance

Tencent Q1 profit rises 65pc as online gaming revenue climbs

Tencent, the world's largest gaming firm by revenue, booked profit of 47.77 billion yuan ($7.42 billion) for the three months through March, higher than the average analyst estimates published by Refinitiv of 35.45 billion yuan.
The results come as Chinese regulators have stepped up an anti-trust clampdown on internet giants, and have already penalised Tencent rival Alibaba $2.75 billion.

Published 20 May, 2021 09:30pm

Markets

Chinese watchdog keeps eye on foreign investment in stock markets

Foreign holdings in Chinese stocks at 5% -CSRC vice chairman.
CSRC to keep daily quotas on foreign investment, head off risks.

Published 19 Apr, 2021 07:44pm

Markets

China's Ant explores ways for Jack Ma to exit as Beijing piles pressure

The Wall Street Journal previously reported that Ma had offered in a November meeting with regulators to hand over parts of Ant to the Chinese government.
Ant denied that a divestment of Ma's stake was ever under consideration. "Divestment of Mr. Ma's stake in Ant Group has never been the subject of discussions with anyone," an Ant spokesman said in a statement.

Published 17 Apr, 2021 05:37pm

World

Chinese premier calls for more communication between China, US

"If you believe you've been harmed or bullied in China, tell us first," Zhang Huanteng, vice director of the Department of National Economy at the NDRC.
"We'd feel very wronged if we aren't aware of things and the US government tells us first," said Zhang, adding that Chinese regulators were baffled when they first read the US Section 301 Report, which set off the Sino-US trade war.

Published 13 Apr, 2021 05:39pm

Markets

Hong Kong shares tumble in morning

The Hang Seng Index slumped 0.98 percent, or 281.56 points, to 28,417.24.

Updated 12 Apr, 2021 04:58pm

Business & Finance

GM's China venture, smart car supplier PATEO filed anti-monopoly complaint against Tencent

It said Tencent has been asking car companies to stop using PATEO's Internet of Vehicles products since August 2020.

Published 09 Feb, 2021 11:49am

Business & Finance

Chinese regulators call in Tesla over customer complaints

The regulators urged Tesla to operate according to China laws and protect customer rights.
Tesla is building Model 3 electric sedans and Model Y sport-utility vehicles in its Shanghai factory. It sold 15,484 China-made vehicles in January.

Published 08 Feb, 2021 07:07pm

World

Chinese police bust counterfeit Covid-19 vaccine ring

Since the virus emerged in 2019, China has charged thousands of people with crimes related to the pandemic, including spreading "rumours", concealing an infection and not complying with guidelines.

Published 02 Feb, 2021 10:48am

Markets

Alibaba's shares surge as Jack Ma reappears

Shares in Alibaba soared 8.5 percent to HK$265.00 in Hong Kong.

Published 20 Jan, 2021 05:42pm

Markets

China regulator suspends Moody's Chinese JV over Yongcheng default

Earlier this month, NAFMII warned that there was a risk of inflated credit ratings in China, where the vast majority of corporate bonds are rated AA or higher, implying little default risk and giving little guidance on pricing.

Published 30 Dec, 2020 09:58am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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