Longer China Stock Rally Depends on Tencent, Alibaba Earnings

The bounceback in Chinese stocks from their multi-year lows risks running out of steam unless the nation's tech giants can deliver on their earnings next week. Index heavyweights Tencent Holdings Ltd and Alibaba Group Holding Ltd both publish results next Tuesday (May 14), followed by JD.com Inc and Baidu Inc two days later.

The Edge Markets27minutes ago

Hengrui Pharmaceutical (600276.SH): HRS5580 for injection was approved for clinical trials to prevent nausea and vomiting after surgery

Hengrui Pharmaceutical (600276.SH) announced that recently, the company's subsidiary Fujian Shengdi Pharmaceutical Co., Ltd. received the national drug...

Zhitong Finance40minutes ago

Hengrui Pharmaceutical (600276.SH): HRS-5965 capsules obtained drug clinical trial approval notice

Gelonghui May 8 丨 Hengrui Pharmaceutical (600276.SH) announced that its subsidiary Chengdu Shengdi Pharmaceutical Co., Ltd. has received approval from the State Drug Administration to issue a “Pharmaceutical Clinical Trial Approval Notice” for HRS-5965 capsules and will conduct clinical trials in the near future. HRS-5965 capsules can inhibit complement system-mediated hemolysis by inhibiting excessive activation of the complement system. Preclinical studies showed that it had a significant inhibitory effect in complement-mediated hemolysis models and was safe.

Gelonghui Finance44minutes ago

Silicon Bao Technology (300019.SZ): At present, the company's sealant products have been stably supplied to the Ningde Era, and some products are being tested

Gelonghui, May 8, 丨 Silicon Bao Technology (300019.SZ) said on the investor interactive platform that the company has maintained a comprehensive friendly cooperative relationship with Ningde Era for a long time, and has jointly developed protective sealing materials including but not limited to thermal conductivity, sealing, shock absorption, and insulation for batteries and their packages, as well as other new materials to improve battery performance. At present, the company's sealant products have been stably supplied to the Ningde Era. Some products are being tested and will be gradually supplied according to customer needs.

Gelonghui Finance03:23 ET

Great Wall Securities: NEV exports maintained steady growth in the first quarter, focusing on establishing production lines in Europe and other regions

After China's automobile exports surpassed Japan to become the world's number one in 2023, in the first quarter of 2024, China exported 1.32 million vehicles, an increase of 23.36% over the previous year, and maintained a strong growth trend.

Zhitong Finance03:05 ET

Guolian Securities: The lithium battery equipment industry is expected to usher in a boom after the domestic market is phased out

Guolian Securities believes that it is currently at the bottom of the main lithium battery industry chain. After experiencing this round of industry adjustments, advanced production capacity in the market is still insufficient, and against the backdrop of continued growth in terminal demand, leading domestic lithium battery companies may restart and expand production in order to consolidate their market share.

Zhitong Finance02:11 ET