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Demand for passenger cars in China rebounded since August, HSBC Global Research issued a research report saying. The overall sales in China's auto market amounted to 1.9 million units, down 1% YoY, but up 11% MoM, outperforming the broker's forecast of a 9% YoY decline.HSBC Global Research expected demand for vehicles, i...
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90
Positive
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Hong Kong stocks continued its recent uptrend and opened higher. The HSI opened 522 points or 2.6% higher at 20,446. The HSCEI opened 169 points or 2.4% higher at 7,255. The HSTECH opened 130 points or 3.1% higher at 4,340.HSBC HOLDINGS (00005.HK) added 0.3% to $70.2, while HKEX (00388.HK) and AIA (01299.HK) advanced 5% and 6.1%...
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CLSA wrote in its research report that recent domestic passenger car (PV) registration data suggested the car trade-in policy is effectively boosting demand. The broker expected domestic PV sales in September to grow by more than 5%.The broker also mentioned that electric vehicle (EV) penetration is reaching new highs, with hot-...
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Geng Hongzhou, first-level inspector of the Department of Consumption Promotion of the Ministry of Commerce (MOC), revealed at a special press conference held by the National Development and Reform Commission (NDRC) that the national car trade-in information platform received more than 1.13 million applications for car scrapping...
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In response to the US Department of Commerce's issuance of proposed rules to restrict Chinese connected vehicle software, hardware, and complete vehicles, China's Ministry of Commerce (MOC) expressed firm opposition, stating that the US is using national security as a pretext to falsely label Chinese connected vehicle so...
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