Foxconn’s New Chairman Says No Plan to Increase Production Capacity Outside China

Foxconn’s New Chairman Says No Plan to Increase Production Capacity Outside China

THE new chairman of Foxconn said on Friday the Apple Inc supplier had no plan to increase production capacity outside China at the moment. Liu Young-Way, who was elected chairman after company founder Terry Gou stood aside to run for president of...

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IAMGOLD stock sees biggest jump in 4 years on rumors of Chinese bid

IAMGOLD stock sees biggest jump in 4 years on rumors of Chinese bid

Shares of IAMGOLD Corp. (TSX: IMG) surged over 9% on Thursday — its biggest jump in four years — amid whispers of a possible bid from China. The nation’s second-biggest gold mining company, China National Gold Group Corp., is said to be...

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Chinese Conba Pharma’s Stocks Rally on Finishing First Hemp Cultivation

Chinese Conba Pharma’s Stocks Rally on Finishing First Hemp Cultivation

The share price of Conba Pharmaceutical’s soared today after the Chinese firm announced it has planted its first crop of industrial hemp. Conba Pharma’s [SHA:600572] share price rose by the daily limit of 10 percent to CNY6.60...

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Alibaba seeks stock split to boost available shares ahead of reported Hong Kong listing

Alibaba seeks stock split to boost available shares ahead of reported Hong Kong listing

Alibaba has proposed an one-to-eight stock split. One share would be split into eight with the number of shares available for investors changing from 4 billion to 32 billion. Alibaba is reportedly looking into an initial public offering in Hong...

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Iron ore price at fresh 5-year high

Iron ore price at fresh 5-year high

News that Vale may be restarting full production at its 30m tonnes per year Brucutu mine sooner than expected did not stop traders from chasing iron ore to fresh 5-year highs on Friday. The Chinese import price of 62% Fe content ore advanced to...

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China News Weekly 114 – China Rolls Out New Policies to Boost NEV, 5G Product Buying

China News Weekly 114 – China Rolls Out New Policies to Boost NEV, 5G Product Buying

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Sunac to Issue USD600 Million of Senior Notes in Singapore

Sunac to Issue USD600 Million of Senior Notes in Singapore

Real estate developer Sunac China Holdings plans to issue USD600 million of 7.25 percent senior notes on the Singapore Exchange due in 2022. The company signed the purchase agreement with HSBC, Morgan Stanley, China CITIC Bank International...

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China’s gold reserves grow for 6th straight month

China’s gold reserves grow for 6th straight month

China’s gold reserves rose for a sixth straight month in May, said the central bank Monday. Gold reserves stood at 61.61 million ounces last month, up 510,000 ounces from April, according to a statement from the People’s Bank of...

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China News Weekly 113 – Fosun Wraps Up Purchase of German Automated Solutions Firm FFT

China News Weekly 113 – Fosun Wraps Up Purchase of German Automated Solutions Firm FFT

Click here to find more details This is NAI’s new China News Weekly. We will be covering the latest Chinese foreign investment trends every week. To continue to receive our China News Weekly, please click Here to subscribe.

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US report urges steps to reduce reliance on foreign critical minerals

US report urges steps to reduce reliance on foreign critical minerals

The U.S. Commerce Department on Tuesday recommended urgent steps to boost domestic production of critical minerals, warning that a halt in Chinese or Russian exports could cause “significant shocks” throughout the U.S. and foreign...

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Lithium mining superpowers seek riches as battery makers

Lithium mining superpowers seek riches as battery makers

The race by Tesla Inc., Samsung SDI Co. and other technology giants to secure supplies of lithium — a key ingredient in batteries for electric vehicles and smartphones — is creating a unique chance for two global mining superpowers to reap more...

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