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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 / Jan 22	278.92
USD PKR Interbank Buying / Jan 22	278.72
USD to Japanese Yen / Jan 22	155.66
USD to Swiss Franc / Jan 22	0.91
Pound Sterling to USD / Jan 22	1.23
Euro to USD / Jan 22	1.04

Stock	Volume
S&P 500 / Jan 21	6,049.24
Nasdaq / Jan 21	19,756.78
Dow Jones / Jan 21	44,025.81
India Sensex / Jan 22	76,197.90
Tokyo Nikkei / Jan 22	39,646.25
Hang Seng / Jan 22	19,778.77
FTSE 100 / Jan 22	8,579.82
Germany DAX 30 / Jan 22	21,258.81

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 21	18,485
Gold 10 Grams PKR / Jan 21	242,798
Petrol/Litre / Jan 22	256.13
Crude Oil USD/Barrel / Jan 22	75.52
Gold Spot USD/Ounce / Jan 22	2,751.94
Diesel/Litre / Jan 22	260.95

Gainers
Losers
Leaders

Stock	Price
Apna Microfin. / Jan 22 Apna Microfinance Bank Limited(AMBL)	10.49 ▲ 0.96 (10.07%)
Leather Up Ltd. / Jan 22 Leather Up Limited(LEUL)	27.57 ▲ 2.51 (10.02%)
Jah.Sidd. Co. / Jan 22 Jahangir Siddiqui & Co. Ltd.(JSCL)	24.29 ▲ 2.21 (10.01%)
Ashfaq Textile / Jan 22 Ashfaq Textile Mills Limited(ASHT)	15.51 ▲ 1.41 (10.00%)
Crescent Cotton / Jan 22 Crescent Cotton Mills Limited(CCM)	54.45 ▲ 4.95 (10.00%)
Fecto Cement / Jan 22 Fecto Cement Limited(FECTC)	116.40 ▲ 10.58 (10.00%)
Fateh Sports / Jan 22 Fateh Sports Wear Limited(FSWL)	86.43 ▲ 7.86 (10.00%)
Pak Engineering / Jan 22 Pakistan Engineering Company Limited(PECO)	738.34 ▲ 67.12 (10.00%)
Flying Cement / Jan 22 Flying Cement Company Limited(FLYNG)	27.54 ▲ 2.50 (9.98%)

Stock	Price
First Capital Equities / Jan 22 First Capital Equities Limited(FCEL)	5.30 ▼ -0.70 (-11.67%)
Nagina Cot. / Jan 22 Nagina Cotton Mills Limited(NAGC)	49.95 ▼ -5.55 (-10.00%)
Zahid Jee Textile / Jan 22 Zahidjee Textile Mills Limited(ZAHID)	27.21 ▼ -3.00 (-9.93%)
Gulistan Sp. / Jan 22 Gulistan Spinning Mills Limited(GUSM)	11.58 ▼ -1.26 (-9.81%)
TPL Life Insur. / Jan 22 TPL Life Insurance Limited(TPLL)	51 ▼ -5.50 (-9.73%)
Masood Textile / Jan 22 Masood Textile Mills Limited(MSOT)	49.05 ▼ -5.27 (-9.70%)
Karam Ceramics / Jan 22 Karam Ceramics Limited(KCL)	55.98 ▼ -5.92 (-9.56%)
Mari Energies / Jan 22 Mari Energies Limited(MARI)	598 ▼ -61.53 (-9.33%)
Hala Enterprise / Jan 22 Hala Enterprises Limited(HAEL)	12.10 ▼ -1.21 (-9.09%)

Stock	Volume
Cnergyico PK / Jan 22 Cnergyico PK Limited(CNERGY)	114,034,653 ▲ 0.04
WorldCall Telecom / Jan 22 Worldcall Telecom Limited(WTL)	99,158,485 ▼ -0.07
Fauji Cement / Jan 22 Fauji Cement Company Limited(FCCL)	83,500,175 ▲ 3.03
Bank Makramah / Jan 22 Bank Makramah Limited(BML)	69,476,357 ▲ 0.02
Citi Pharma Ltd / Jan 22 Citi Pharma Ltd.(CPHL)	23,402,152 ▲ 3.23
Lotte Chemical / Jan 22 Lotte Chemical Pakistan Limited(LOTCHEM)	23,042,045 ▼ -0.08
Ghani Chem. Ind. / Jan 22 Ghani Chemical Industries Limited(GCIL)	21,938,589 ▲ 1.04
Power Cement / Jan 22 Power Cement Limited(POWER)	21,682,567 ▲ 0.10
Fauji Foods Ltd / Jan 22 Fauji Foods Limited(FFL)	18,601,390 ▼ -0.41

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