Chow Tai Fook (01929.HK): Plans to deploy up to 2 billion Hong Kong dollars (US $257 million) from internal resources for share buybacks.
LAKE, the Water Resources RWA Ecosystem Project, announced that it has completed a $12.40 million financing round, with participation from Artaize Invest, EMB Venture Capital, Michel Audeban-Business Angel, and the MSM family office, including $3 million raised from a private equity round earlier this year. The new funds are intended to drive it to build an innovative Web3 ecosystem, promote equitable and decentralized access to water globally, and explore the launch of LAK3 tokens.
On November 8th, Minister of Finance Lan Foan introduced at a press conference that this year, due to various factors, the central and local fiscal revenue has fallen short of expectations. In this regard, we are taking a series of measures to ensure the completion of the annual budget targets. From a local perspective, we have set out a limit of 400 billion yuan for local government debt balances to supplement the comprehensive financial resources of local governments; encourage local governmen...
Xi Jinping made important instructions on the establishment of China Resources Recycling Group Co., Ltd., emphasizing the need to build a national and functional resource recycling platform to promote the continuous improvement of the quality and level of national economic recycling.
Hong Kong stocks housing property management stocks concussion strengthened, China Resources Vientiane Life (01209.HK) rose more than 6%, all things cloud (02602.HK) rose nearly 6%, Greentown services (02869.HK), Poly Property (06049.HK) rose more than 5%, Sunac services (01516.HK), Hengda property (06666.HK), elegant life services (03319.HK) rose more than 4%.
On September 11, the main contract of lithium carbonate futures rose to 8%, the lithium mining sector rose sharply, and China Mining Resources rose by more than 7%. There is news that Ningde Times Yichun Jiawo Mine has stopped production. In this regard, the reporter contacted the investor relations department of China Mining Resources as an investor. Regarding the reason for the rebound in lithium carbonate futures, the relevant person said that there is news that Ningde (Yichun Lithium Mine) m...
Gold Ten Futures, August 15th, due to the increase in the production cost of construction steel products under the new national standard, many steel mills such as Shaogang, Xianggang (Yangchun New Steel), Zhuhai Yuegang, Shenzhen Huamei, Guangdong Jinshenglan, Heyuan Derun, Shengli Qingyuan, etc. have successively increased the price of construction steel resources by 50 yuan/ton.
On July 23rd, Indonesia's Ministry of Energy and Mineral Resources (ESDM) revealed that it has approved a work plan and budget (RKAB) for nickel production of about 240 million tons in 2024. According to Bambang Suswantono, Acting Director General of Minerals and Coal at the Ministry of Energy and Mineral Resources, it is believed that the current production of RKAB (nickel company) is 240 million tons, and the demand is only 210 million tons.
On July 21, the "Decision" pointed out that it is necessary to establish a central and local fiscal relationship with clear powers and responsibilities, coordinated financial resources, and regional balance. Promote the backward transfer of the consumption tax collection link and steadily delineate the local areas, improve the VAT retention tax refund policy and deduction chain, and optimize the proportion of shared tax sharing. Study the merger of urban maintenance and construction tax, educati...
On July 19, Han Wenxiu, deputy director of the Central Finance Office in charge of daily work and director of the Central Agricultural Office, said at the press conference of the Central Committee of the Communist Party of China held on July 19 that in response to the financial difficulties of local governments and grassroots levels, the "Decision of the Central Committee of the Communist Party of China on Further Deepening Reform and Promoting the Chinese path to modernization" passed by the Th...
On June 29th, Premier Li Qiang of the State Council recently signed a State Council decree to promulgate the "Regulations on the Management of Rare Earths", which will come into force on October 1, 2024. The "Regulations" have a total of 32 articles, mainly stipulating the following contents. Strengthen the protection of rare earth resources. It is clear that rare earth resources belong to the state, and no organization or individual shall encroach on or destroy rare earth resources. The state i...
On June 24th, in response to the difficulty of real estate registration and certification for guaranteed housing projects, the Ministry of Natural Resources is discussing with relevant parties to achieve "full issuance" under the premise of safety and in accordance with the principle of "no fault of the masses". One of the difficulties in guaranteed housing is that after the delivery of the house, various problems have occurred that affect the registration and certification of real estate. After...
Gold Ten Futures, June 21, according to foreign media reports, Mineral Resources of Western Australia (Mineral Resources) will terminate its iron ore production in Western Australia's Yilgarn mine by December 31, 2024. The company said it was mainly affected by financial aspects and the development life limit of mines in the region, in addition to taking into account the subsequent cost of developing new iron ore. The Irgan mine is expected to reduce production in phases over the next six months...
Market news: BHP Billiton Group has decided not to make a definitive offer for Anglo American.
Market news: Anglo American has rejected BHP Billiton's revised offer valuing it at around £34 billion.