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JD Logistics launches Hong Kong IPO to raise up to $3.4 bln - filings

Reuters 17 May 2021
JD Logistics will price its shares between $HK39.36 and $HK43.36 each as the company aims to raise up to $3.4 billion, according to the company's filings, in one of Hong Kong's largest share sales in 2021 ... The company recorded 22.4 billion yuan ($3.5 billion) in revenue in the first quarter of 2021, up 64.1% from the same period in 2020.
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JD Logistics launches Hong Kong IPO to raise up to $3.4 billion - filings

Yahoo Daily News 17 May 2021
(Reuters) -JD Logistics will price its shares between $HK39.36 and $HK43.36 each as the company aims to raise up to $3.4 billion, according to the company's filings, in one of Hong Kong's largest share sales in 2021 ... The company, it said, controls 2.7% of the integrated supply chain logistics market ... ($1 = 6.4367 Chinese yuan renminbi).
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CDB Aviation Begins Deliveries of Four A320neo Family Aircraft to Russia’s Aeroflot

Daily Freeman 17 May 2021
CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”) a 36-year-old Chinese leasing company that is backed mainly by the China Development Bank ... machinery leasing and enjoys a Chinese sovereign credit rating.
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China’s smart electric vehicle industry speeds up

People Daily 17 May 2021
Almost all participating foreign and Chinese automakers have launched production smart vehicles at the event ... On March 30, Chinese multinational electronics company Xiaomi declared to invest $10 billion in the next 10 years to build a wholly-owned electric car brand.
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Xi convenes symposium on follow-up development of China's mega water diversion project

People Daily 17 May 2021
"We should rely on Chinese seeds to ensure China's food security," Xi said ... Noting that traditional Chinese medicine is a great creation of the Chinese nation, Xi urged efforts to ensure its preservation and development. Xi then went to a park exhibiting the Rosa Chinensis -- or the Chinese rose -- and a local company producing mugwort products.
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Yearlong 'upswing' expected for trade in services

China Daily 17 May 2021
Wang Tuo, an associate researcher at the Chinese Academy of ... Oscar Wang, head of the Shanghai office of Teneo, a global advisory company, has observed robust demand growth from multinational companies seeking advice to further cement their presence in the Chinese market.
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Automakers to up fuel cell vehicle production

China Daily 17 May 2021
Later this year, the Chinese carmaker will roll out its first large-sized hydrogen fuel-cell SUV model, which will have a range of 840 kilometers, and launch a fleet of 100 hydrogen heavy trucks ... "Faurecia is well-placed to become a leading player in Chinese hydrogen mobility," the company said.
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US stimulus may cause inflation across the world

China Daily 17 May 2021
Already, steel mills in China are paying higher prices for these basic materials, as are manufacturing companies in other sectors. Chinese companies may probably weather through this round of inflation with increased productivity, efficiency gains and moderate price increases.
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At this stage, macro policies need to be precise, meticulous

China Daily 17 May 2021
China can expect economic growth in the second quarter with improvement in major measurements such as imports and exports and companies' profitability ... First-quarter data show that Chinese people's income increased and companies' profitability improved, which were both better than expected.
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Iron ore price falls below $US210

The Daily Telegraph Australia 17 May 2021
The price of iron ore has fallen quite significantly since last week where it reached almost $US230 per tonne. It dropped after regulators in two Chinese cities warned local steel companies against price gouging ....
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Innovation key to a prosperous future

China Daily 17 May 2021
"We will continue to focus on high-quality development, including reinforcing and optimizing the strength of innovation, brand influence and management expertise during the country's 14th Five-Year Plan (2021-25)," said Si Zefu, chairman of the company and a member of the National Committee of the Chinese People's Political Consultative Conference.
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Shopping attracts Saudis to Bahrain amid spread of COVID variant

Arab News 17 May 2021
RIYADH ... Barak Al-Barrak, owner of a Saudi commercial establishment who was a former partner in an advertising company, said that he used to head to Amwaj Island soon after entering Bahrain for shopping in the Chinese market, and the Laguna Resort located on the island of Muharraq (northeast of Bahrain) ... ....
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‘Revolution dwells in the heart’: Myanmar’s poets cut down by the military

The Observer 17 May 2021
His words captured the unflinching determination of the Myanmar public in the face of military brutality ... His organs had been removed, she told BBC Burmese ... He grew up in Letpadaung near Monywa, and became a land rights activist after his family lost their land to a mining project pursued jointly by a Chinese and Myanmar military-backed company ... .
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Silver Spoons star Ricky Schroder films himself berating a Costco supervisor for refusing him entry ...

The Daily Mail 17 May 2021
Ricky Schroder gave a Costco supervisor a hard time this week as he tried to enter a Costco location in California without wearing a mask ... Breaking the rules ... 'And why aren't you letting me in?' he continued. RELATED ARTICLES ... Share ... 'Boycott Costco till they act like a Free American Company...not [Chinese flag emoji],' Schroder wrote in his caption ... .
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US mounts pressure on Chinese companies to share audits or risk delisting

The Siasat Daily 16 May 2021
According to the South China Morning Post (SCMP), this has been done to expedite a Trump-era law that would force publicly traded Chinese companies to delist from American bourses in three years if they do not share their audits for review ... Meanwhile, a group of Chinese law ...

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