SMM has done a thorough research regarding post-CNY (Chinese New Year) copper cathode supply and demand pattern as well as the potential changes of inventory, which, we assume, must be the key concern of the market participants. The result of the research comes as follows:
[LME copper prices rise to an one-month high due to improved demand] 17:00 London time (01:00 Beijing time on November 25th)), LME copper for three-month delivery rose $124.5, or 1.28%, to close at $9835.00 a tonne, after hitting its highest level since Oct. 26, at $9880.
China is beefing up financial support to small businesses to help them cope with a sharply slowing economy and soaring input costs.
The Chinese State Council released three documents in the past several days, outlining measures to help small and medium-sized enterprises (SME) weather the downturn from encouraging local governments to roll out discounts for power use to organizing Internet companies to provide cloud and digital services to SMEs.
Government officials yesterday detailed those plans at a briefing in Beijing, along with a list of economic challenges faced by businesses.
“SMEs face many problems and difficulties due to the complicated domestic and
Citic Securities: policy alleviates economic anxiety and value leads the market to rise at the end of the year_SMM metal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from metal.com Daily Mail and Mail on Sunday newspapers.
Good Days Have Gone : A Shocked Wall Street Responds To China s Unprecedented Crackdown On Tech Giants
by Tyler Durden
Friday, Apr 30, 2021 - 07:26 AM
Following reports that Beijing was looking to scapegoat regulators responsible for initially permitting the ill-fated Ant Group IPO, which was scuttled by the CCP leadership back in October after Alibaba founder and Ant Group Chairman Jack Ma criticized Chinese tech regulation, saying it was stifling innovation , at an obscure industry conference, it appears China s anti-trust regulators
are imposing new restrictions on the financial arms of other Chinese tech giantsafter hobbling Ant.
news that Chinese regulators had summoned 13 internet companies and ordered them to rectify their digital financial businesses dealt another blow to market sentiment. The wide-ranging restrictions could weigh on credit growth and hurt the prospects of public share offerings by fintech firms, analysts have warned.