New trends to watch for China s economy in 2021
1 2021-01-06 09:39:30Xinhua
Editor : Zhang Mingxin
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Optimism built up in the Chinese market at the beginning of 2021, with its stocks climbing and its currency gaining strength.
China s stock market headed into the new year on an upbeat note, with the benchmark Shanghai Composite Index rising 1.6 percent during the first two trading days. The ChiNext Index, tracking China s NASDAQ-style board of growth enterprises, gained 0.65 percent after soaring 3.77 percent Monday.
The central parity rate of the Chinese currency renminbi, or the yuan, rallied to its highest level since June 2018 to 6.476 against the U.S. dollar Tuesday, as investors stay bullish on the country s economic fundamentals.
Nomura s China Securities JV Is Embroiled in Data Breach Scandal Zhou Nan Nomura s China Securities JV Is Embroiled in Data Breach Scandal
(Yicai Global) Dec. 15 Japan’s biggest brokerage and investment bank Nomura Holdings’ joint venture securities firm in China is reeling from recent allegations that it leaked confidential data about a third party without performing the necessary internal checks, the JV said.
The reputation of Nomura Orient International Securities, China’s first foreign-controlled brokerage, has been severely damaged, it said on Dec. 13. The Shanghai-based company has reported the incident to the authorities and reserves the right to take legal action against those responsible, it added.