Stock buy-backs in Shenzhen by industry bellwethers CATL and Gree are lifting market confidence in Hong Kong. China Life Insurance slumps 2.6 per cent for the biggest drag on the Hang Seng.
Alibaba Group Holding Limited (NYSE: BABA) stock is trading higher after several buy-back proposals by bellwether Chinese companies boosted confidence, and industrial profits rose for a second straight month.
Guangdong Province is an important manufacturing base of refrigeration and air conditioning equipment in China and also one of the largest export bases of household appliances in China. There are many upstream and downstream enterprises of refrigeration, air conditioning and cold chain gathered here, with a perfect industrial chain. During this visit, RACC committee mainly invited complete machine enterprises, refrigeration accessories enterprises, engineering companies, etc. to share the latest trends of the exhibition, convey the concept of service as the core, and strongly invite enterprises to participate in or visit, which has been widely recognized and responded positively by enterprises with comprehensive, meticulous and multi angle invitation as the action guidance.
Chinese printing technology firm Apexmic bags $488m strategic investment led by ICF Premium
Apex Microelectronics Co., Ltd (Apexmic), a wholly-owned subsidiary of Shenzhen-listed Ninestar Corporation that offers printing and imaging services, has received a 3.2 billion yuan ($488 million) strategic investment led by state-owned China Integrated Circuit Industry Investment Fund (ICF) II, according to a company filing with The Stock Exchange of Shenzhen on December 8.
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