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CNBF Daily Brief 22.2.2023

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Outbound investment of Chinese companies grew steadily in 2022, with more than 70% maintaining or expanding investment abroad, according to the survey conducted by the China Council for the Promotion of International Trade. Over 80% of the surveyed firms are optimistic about the prospects of overseas investment. The survey found that about 90% of the companies favor investment opportunities in …

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CNBF Daily Brief 21.2.2023

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China is moving to incubate its fifth batch of “little giant” firms to boost innovation and provide stronger support for the real economy. The “little giant” enterprises represent the new elite of small and medium-sized businesses that specialize in a niche market, boast cutting-edge technologies, and show great potential. The list of this new batch of firms will be published …

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CNBF Daily Brief 20.2.2023

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Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 14.5% year on year to 127.69 billion yuan in January, according to the Ministry of Commerce. In U.S. dollar terms, the FDI inflow went up 10% year on year to 19.02 billion U.S. dollars. High-tech industries saw a rapid FDI increase of 62.8% in January. Specifically, foreign investment …

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CNBF Daily Brief 18.2.2023

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China’s mobile phone shipments drop 22.6% year on year to 272 million in 2022, according to the China Academy of Information and Communications Technology (CAICT). The shipment volume of 5G mobile phones reached 214 million last year, accounting for 78.8% of the country’s total mobile phone shipments. Last year, 351 new smartphone models were released in the country, down 13.1% …

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CNBF Daily Brief 17.2.2023

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The Beijing Stock Exchange (BSE) will officially launch a market-making trading business on its stock market on February 20, 2023. The move was taken to further promote market reform and innovation, improve the market trading system, and enhance market vitality and resilience. As of Friday, February 17, a total of 15 market makers have been approved by the China Securities …