Luxury fans in China chase neat shot of investment with vintage Moutai liquor

BEIJING/SHANGHAI: As luxury spending rebounds in China, consumers with money to burn have a new habit beyond fancy bags and watches: a taste for collector editions of fiery domestic liquor Moutai, not to drink but to hold onto as a rapidly appreciating investment.

Weekly snapshot of China's local business news

BEIJING, Oct. 31 (Xinhua) -- The following are highlights of China's local business news from the past week.

China stocks close higher as healthcare shares shine on policy boost

China shares snap rally as experimental vaccines stoke safety concerns

BEIJING/SHANGHAI: China stocks snapped a three-session rally to close lower on Wednesday, with consumer and healthcare shares leading losses, as experts were concerned over the safety of drugs used in experimental coronavirus vaccines in the country.

Hoping for that V-shape in earnings

We knew Q2 earnings would be dire but the hope was a) they might turn out to be better than feared and b) companies could offer guidance on the outlook.

Shanghai stocks have worst week in 5 months on policy worries, foreign selling

SHANGHAI: Shanghai shares managed to end higher on Friday, but still suffered their worst weekly drop in five months, as China's better-than-expected GDP data fuelled worries over the pace of policy easing, while foreign investors cashed in after a bull run.

All eyes on China’s unstoppable stocks after US$460 billion rally

CHINA's equity market is firmly in the spotlight after an almost unprecedented rally that helped lift global stocks to a one-month high.

Liquor maker Moutai surpasses ICBC as biggest China-listed stock

CHINESE liquor giant Kweichow Moutai Co. has dethroned Industrial & Commercial Bank of China Ltd. as the mainland’s biggest stock by market value.

Chinese liquor makers seek listings as investors keep spirits up

SHANGHAI: Two more liquor makers have sought listings in China, riding a wave of investor enthusiasm over spirit makers which has helped push their shares to record highs.

Shanghai stock exchange mulls first revamp of benchmark in 30 years

THE Shanghai Stock Exchange is considering the first overhaul of its benchmark index in three decades so that it better reflects China’s increasingly high-tech economy, according to people familiar with the matter.