China’s biggest airline on Saturday reported less severe losses in the second quarter as domestic travel picks up with the coronavirus outbreak brought largely under control.
Li Xuhang, Consul General of the People’s Republic of China in Dubai, rang the market-opening bell at Nasdaq Dubai on Tuesday to celebrate the listing by China Construction Bank (CCB), of two green bonds of $700 million and $500 million respectively.
First Abu Dhabi Bank (FAB), recently announced the issuance of the largest-ever Chinese Yuan (CNH) denominated dual-listed Formosa bond globally, with a CNH 3.25 billion five-year issuance.
Under the agreement, the three parties will use their expertise to provide support and guidance to Chinese companies that wish to carry out initial public offerings, IPOs, on Nasdaq Dubai as well as list bonds, real estate investment trusts, REITs, funds and other securities.
The blue-chip CSI300 index rose 0.8% to 4,755.85, while the Shanghai Composite Index added 0.2%to 3,385.64. ChiNext ended 2% higher, while the STAR50 index inched up 0.2%.
Stocks across the globe were little changed on Monday as upbeat industrial data out of China and hopes for more stimulus in the United States were offset by jitters over tensions between Washington and Beijing.
The Shanghai Composite index was up 0.75% at 3,379.25, after earlier falling as much as 0.57%. The blue-chip CSI300 index was up 0.36%, clawing back from a 1.31% fall. The CSI financial sector sub-index ended 1.34% higher, the consumer staples sector added 0.11%, the real estate index jumped 3.08% and the healthcare sub-index closed 0.62% lower.
At the close, the Shanghai Composite index was down 1.15% at 3,340.29, while the blue-chip CSI300 index was down 0.91%. The tech-heavy start-up board ChiNext lost 1.7%, while the newly-launched STAR50 slid 2.9%. Leading the declines, the CSI SWS securities index dropped 3.4%.
Temperature checkpoints and posters telling workers to keep more than a metre apart at Japanese automaker Honda Motor’s reopened plant in the Chinese city of Wuhan show how the coronavirus has created a new normal on the factory floor.