Reuters Asia Business

SHANGHAI (Reuters) – China’s securities regulator has given the greenlight to the country’s first mutual fund targeting top Chinese and South Korean chipmakers, an official at Huatai-PineBridge Fund Management Co said, amid an escalating Sino-U.S. tech war. The China Securities Regulatory Commission’s approval comes amid heightened geopolitical tensions between the world’s two largest economies. The …

Chinese regulator gives greenlight to fund targeting Korean chipmakers Read More »

By Krystal Hu and Anirudh Saligrama (Reuters) -Electric vehicle maker Tesla Inc sold 83,135 China-made vehicles in wholesale in September, smashing its record of monthly sales in China, according to a report released on Sunday by the China Passenger Car Association (CPCA). The number marks an 8% increase from August and outpaced the more than …

Tesla’s China-made sales hit record following Shanghai factory upgrade Read More »

BEIJING (Reuters) – China’s state planner said on Sunday it will release its fifth batch of pork reserves, as hog prices have been at a relatively high level recently. The National Development and Reform Commission (NDRC) said in the statement that it would pay close attention to hog supply and demand, and continue to release …

China to release fifth batch of pork reserves to cool prices Read More »

(Reuters) -Nissan Motor Co Ltd is pressing French partner Renault SA to cut its stake in the Japanese automaker as much as possible, ideally to 15%, and may consider raising funds to buy back the shares, a source familiar with the matter said. The demands were made in exchange for Nissan agreeing to invest in …

Nissan pushes partner Renault to sell down stake, may raise funds -source Read More »

BEIJING (Reuters) – Dual-class shares, which have converted to primary listings in Hong Kong, can be included in the cross-border Stock Connect scheme, Shanghai and Shenzhen stock exchanges said on Saturday, potentially channeling fresh money into eligible stocks. The Stock Connect is an investment channel that connects the Hong Kong, Shanghai, and Shenzhen stock exchanges. …

China to include eligible dual-listed shares in Stock Connect scheme Read More »

TOKYO (Reuters) – Japanese Trade Minister Yasutoshi Nishimura said on Sunday that the Sakhalin 1 oil and gas project in Russia is very important for Tokyo to ensure its diversified crude oil procurement. The comment came after Russian President Vladimir Putin signed a decree on Friday that establishes a new operator for the project in …

Sakhalin 1 important for Japan oil procurement -Japan trade minister Read More »

(Reuters) -Nissan Motor Co Ltd is pressing partner Renault SA to cut its stake in the Japanese automaker and revamp their more than 20-year-old alliance, the Wall Street Journal said on Friday, citing people with knowledge of the talks. French car firm Renault owns about 43% of Nissan, while the Japanese firm owns 15% of …

Nissan presses partner Renault to sell down stake -WSJ Read More »