This and previous notes can be found at asianmarketsense.com
Check out ERI-C.com for interesting research and trading analysis
HSI +231pts (-0.9%) 26,426 HSCEI +98pts (+1.1%) 9,419 T/O HK$168.45bn (-17.3% DoD)
Open higher PMI data in focus along with earnings.
Services PMI Jul 59.8 vs 58.3 Jun (F/cast was 60.4)
Composite PMI Jul 60.2 vs 59.5 Jun (F/cast was 60.6)
Retail Sales Jun +1.5% MoM vs +4.1% May revised (F/cast was +1.8%)
Retail Sales Jun +5% YoY vs +8.6% May revised (F/cast was +5.1% )
Services PMI Jul 61.8 vs 57.5 Jun (F/cast was 62.2)
Composite PMI Jul 62.4 vs 60.1 Jun (F/cast was 62.5)
Budget Balance Jun €-131.29B vs €-118.79B May (F/cast was €-124B)
Services PMI Jul 56.8 vs 57.8 Jun (F/cast was 57.0)
Composite PMI Jul 56.6 vs 57.4 Jun (F/cast was 56.8)
Retail Sales Jun +1.2% MoM vs +6.9% May revised (F/cast was -5.6%)
Retail Sales Jun +3.6% YoY vs +10.8% May revised (F/cast was +6.9%)
Services PMI Jul 59.6 vs 62.4 Jun (F/cast was 57.8)
Composite PMI Jul 59.2 vs 62.2 Jun (F/cast was 57.7)
Opened slighty weaker but coming off new highs Dow -33pts , S&P -0.1% and NDX flat.
MBA Mortgage Applications -1.7% vs +5.7% prior
MBA 30yr Mortgage Rate +2.97% vs 3.01% prior
Ahead ADP Employment Rate, Services and Composite PMI, ISM Non Manufacturing Data (PMI, Business Activity, Prices, New Orders and Employment) EIA Oil Report.
Earnings : Booking Holdings, CVS Health, GM, Etsy, MGM Resorts, Allstate, Uber, Fox Corp., Electronic Arts, Roku, Kraft Heinz, Toyota, Sony, AmerisourceBergen, Marathon Petroleum, BorgWarner, Entergy, Apollo Global Management, New York Times, Scotts Miracle-Gro, Tupperware, MetLife, IAC/Interactive
CHINA CSI 300 closed +44pt (+0.9%) @ 4,979
CSI 300 opened lower but rallied strongly in the first 40 minutes after the strong Caixin PMI data to test 4,970 but failed to break above. Consoldiated to 4,950 before working better into lunch +27pts @ 4,916
Sentiment encouraged by stimulus policies +VE for Green energy/EV, lithium batteries, chips, sports, semconductors, and photovoltaics sectors. Laggards were consumption names including hotels and restaurants, and dairy companies as Covid Delta variant cases rose.
Shanghai Composite +29pts (+0.9%) @ 3,477 T/O US$77,438 -8% DoD
Shenzhen Composite +253pts (+1.7%) @ 14,990 T/O US$116,224 -7% DoD
ChiNext Composite Index +96pts (+2.7%) @ 3,734
China's National Health Commission reported 96 COVID-19 confirmed cases yesterday (3 August), with 71 of them being local cases (35 of them recorded in Jiangsu; 15 in Hunan and 9 in Hubei).
Services PMI Jul 54.9 vs 50.3 Jun (F/cast is 50.6)
Composite PMI Jul 53.1 vs 50.6 Jun (F/cast is 50.4)
Pre market data PMI Jul 51.3 vs 51.4 Jun (F/cast was 51)
HSI opened @ 26,162 -33pts vs-5pts ADR’s and initially dipped but then rallied on the strong Chinese PMI data but with resistance around 26,600 level. PM the market drifted lower. Ecommerce names rebounded along with the rest of the market. Sportsmakers strong as China intended to promote the sports sector by building/refurbing stadiums.
HONG KONG DATA
Pre market data PMI Jul 51.3 vs 51.4 Jun (F/cast was 51)
HK reported no new local untraceable covid cases and 2 imported cases.
One initially confirmed case was reported today, said Chuang Shuk-kwan, Head of Communicable Disease Branch at Centre for Health Protection. The 43-year-old patient is a welder working at a Wan Chai construction site, without records of outbound travel and vaccination. The Centre believed this could be a re-positive case with unknown timing of infection.
EARNINGS Due Thursday Include CK Hutch (1), IGG (799), Manulife (945), SMIC (981), CK Assets (1113), Wharf REIC (1997), MGM China (2282), Fuyao Glass (3606), HKT Trust & HKT Ltd. (6823) and others
Short Selling Wednesday 14% vs 12.9% Tuesday
Top Shorts Bud Apac (1876) 53%, Haidilao (6862) 47%, Bank of China (3988) 38%, Ping An (2318) 37%, Country Garden (2007) 36%, BankComm (3328) 34%, Hang Seng Bank (11) 32%, CLP (2) 31%, Shenzhou (2313) 31%, Hengan (1044) 28%, CCB (939) 27%, Sands China (1928) 26%, Wharf REIC (1997) 25%, NWD (17) 25%, Mengniu Dairy (2319) 25%.
AFTER MARKET NEWS
Spot USD/CNY closed at 6.4619 today (4th), up 30 bps. As at 4:46 pm, USD/CNY gained 77 bps in the night session while USD/CNH climbed 48 bps and posted at 6.4587.
WULING MOTORS (00305.HK) expected that the Group would report a net loss for the six months ended 30 June 2021. However, as compared to the net loss of about RMB294 million for the corresponding period in 2020, the net loss incurred for the Relevant Period is expected to be substantially decreased by over 70%.
CKI HOLDINGS (01038.HK) announced the interim results for the six months ended 30th June, 2021. Turnover rose by 11.1% yearly to HK$20.266 billion. The Group recorded net profit of HK$3.011 billion, a year-on-year increase of 5.3%. EPS equaled HK$1.2. An interim dividend of HK69 cents per share was declared, against HK68 cents per share in the same period last year.
POWER ASSETS (00006.HK) announced the interim results ended June 2021. The revenue was $615 million, up 2.3% yearly. The net profit amounted to $2.509 billion, an annual increase of 10.9%. EPS was $1.18. An interim dividend of 78 cents was declared, versus 77 cents in the same period last year.
*BASE METALS STRONG following recent correction amid recovery concerns. ANGANG (347 HK +5.1%) MAANSHAN (323 HK +3.5%) CH RARE EARTH (769 HK +7.8%). But WTI -1.2% BRENT -0.7% on covid concerns
*E-COMMERCE/INTERNET STRONG and after the Xinhua article referring online games to "mental opium" was removed on the Internet; TENCENT (700 HK +2.4%) then followed up with a pledge to further limit play time for minors. ALIBABA's (9988 HK -0.6%) after its revenue missed for the first time in more than 2 years @ 205.7b yuan vs the 209.4b consensus as growth slowed in most major divisions. That underlines fears that a government crackdown is constraining expansion. It boosted its share buyback program by 50% to $15b. NETDRAGON (777 HK +2.6%) CH LITERATURE (772 HK +2.4%) ARCHOSAUR GAMES (9990 HK +3.4%).
*TECH & COMPONENTS STRONG as chip makers reversed yesterday's downtrend amid regulatory worries. Semiconductor makers jumped as demand for chips remain strong globally, leading the sector higher. SMIC (981 HK +5.5%) HUA HONG (1347 HK +6.6%) SOLOMON SYST (2878 HK +4.5%) Q TECH (1478 HK +4.7%) BYDE (285 HK +6%).
*HK BANKS FIRM after STAN CHARTERED BK (2888 HK +1.4%) posted a 111% increase in net profit to US$1.72b in the first half of 2021 and resumed a dividend payment of three US cents per share. 1H pre-tax underlying profit rose 37% to US$2.68b. HSBC (5 HK +0.6%) HANG SENG BK (11 HK +0.13%).
*MACAU WEAK as Macau enters state of immediate prevention as covid cases rise to 4. GALAXY (27 HK -6.5%) MELCO (200 HK -6.1%) MGM (2282 HK -4.4%) WYNN (1128 HK -7.8%).
SJM (880 HK -6.4%) saw its net loss widen by 3.8% to nearly HK$1.47b YoY in the 1H, despite growth in net revenue. Its Ebitda loss shrank 48.2% to HK$510m.
*AUTO FIRM on EV optimism. BYD (1211 HK +8.3%) GEELY (175 HK +5%) GREATWALL (2333 HK +4%).
EV BATTERY maker GANFENG LITHIUM (1772 HK +9.3%) also rallied.
*SPORTS STRONG and related services surged on positive policy speculations. The State Council recently issued the "National Fitness Program (2021-2025 years)", to promote and bring health and fitness awareness to a higher level. LI NING (2331 HK +5.6%) ANTA (2020 HK +4.6%) XTEP (1368 HK +12%).
Sports consultancy VIVA CHINA surged (8032 HK +31%) amid the news.
Market opened higher and rallied to 7,509 in early trades before pulling back after weak construction data and found support 7,480 before working better through the PM to close +29pts (+0.4%) @ 7,503
Miners strong but Oil weak as China imposes lockdowns again. GUD weak; raised FY guidance but warned of covid uncertainty.
Construction Index Jul 48.7 vs 55.5 Jun (F/cast was 56)
Services PMI Jul 44.2 vs 56.8 Jun (F/cast was 44.2)
Composite PMI Jul 45.2 vs 56.7 Jun (F/cast was 45.2)
Due later Retail Sales Jun -1.8% MoMvs +0.4% May (F/cast was -1.8%)
RBA Chart Park.
Nikkei opened lower at 27,613 and sold down to 27,490 level before rebounding as PMI data came in better than expected and rallied to 27,635 level which it tested a number of times before easing into lunch. PM opened lower and selling down as earnings were released before a small bounced and then traded sideways to close -58pts (-0.2%) @ 27,564. Earnings in focus with circa 130 companies reporting. Shippers were weak in the am session
Topix trading in a similar fashion closed -10pts (-0.5%) @ 1,921
Data out after the open
Services PMI Jul 47.4 vs 48 Jun (F/cast was 46.4)
Composite PMI Jul 48.8 vs 48.9 Jun (F/cast was 47.7)
Kospi opened higher and has worked better through the session but saw resistance 3,280 and then traded sideways to close +43pts (+1.3%) 3,280
Good earnings supporting the market.
Kosdaq dipped at the open but then traded in a similar pattern to the Kospi and closed at the day high +12pts (+1.1%) @ 1,048
Foreign Exchange Reserves Jul US$458.68 vs 454.11b Jun
KDCA announce 1,725 new covid case including at least two cases of the Delta plus variant
Taiex opened higher on good local earnings and effectively traded sideways through the day to close +70pts (+0.4%) @ 17,624. Tech strong with the optoelectronics industry leading the tech sector and flat panel stocks in focus after Innolux Corp. reported improved results for the second quarter a day earlier +VE AU Optronics, Steel and old economy names weak and Financials mixed. T/O light with concerns over the delta variant of the virus T/O was US$13.45bn vs US$13.72bn Tuesday Foreigners were net sellers.
CECC reported 21 new covid cases (1 imported)
Northbound RMB 62,990m Sell 30,623m vs 32,367m Buy
Southbound HK$ 24,267m Sell 11,467m vs 12,800m Buy
Northbound RMB 77,351m Sell 36,775m vs 40,576m Buy
Southbound HK$ 22,298m Sell 10,564m vs 11,733m Buy
TENCENT (00700.HK) Short selling $781.94M; Ratio 3.722% closed at $456.8, up 2.4%
MEITUAN (03690.HK) Short selling $576.24M; Ratio 9.643% closed at $213.6, up 0.9%
PING AN (02318.HK) Short selling $893.59M; Ratio 36.920% closed at $68.6, down 0.8%
BABA (09988.HK) Short selling $1.07B; Ratio 24.103% closed at $192.3, down 0.6%
AIA (01299.HK) Short selling $189.83M; Ratio 13.365% closed at $92.6, down 0.2%
HKEX (00388.HK) Short selling $309.39M; Ratio 20.544% closed at $518, unchanged
HSI & HSCEI Constituents on Move:
SUNNY OPTICAL (02382.HK) Short selling $443.92M; Ratio 21.210% closed at $251.8, up 10%, hitting new high
BYD COMPANY (01211.HK) Short selling $1.34B; Ratio 22.402% closed at $280.6, up 8.3%, hitting new high
AAC TECH (02018.HK) Short selling $85.41M; Ratio 17.787% closed at $49.9, up 6.6%
GALAXY ENT (00027.HK) Short selling $123.72M; Ratio 5.042% closed at $46.75, down 6.5%
JD HEALTH (06618.HK) Short selling $129.35M; Ratio 9.902% closed at $77.65, up 5.9%
SHENZHOU INTL (02313.HK) Short selling $325.66M; Ratio 30.952% closed at $184.9, up 5.8%
SMIC (00981.HK) Short selling $205.23M; Ratio 8.634% closed at $26.85, up 5.5%
ALI HEALTH (00241.HK) Short selling $189.17M; Ratio 22.750% closed at $12.64, up 5.3%
GEELY AUTO (00175.HK) Short selling $717.22M; Ratio 18.779% closed at $28.2, up 5%
HAIDILAO (06862.HK) Short selling $188.81M; Ratio 47.249% closed at $27.55, down 5%
ANTA SPORTS (02020.HK) Short selling $466.63M; Ratio 14.924% closed at $181.9, up 4.7%
EVERGRANDE (03333.HK) Short selling $40.50M; Ratio 15.331% closed at $5.44, up 4.2%
WUXI BIO (02269.HK) Short selling $380.23M; Ratio 21.159% closed at $131.3, up 4%
TECHTRONIC IND (00669.HK) Short selling $88.59M; Ratio 8.423% closed at $148.2, up 4%
XIAOMI (01810.HK) Short selling $446.83M; Ratio 13.508% closed at $26.85, up 3.7%
CHINA FEIHE (06186.HK) Short selling $136.39M; Ratio 27.029% closed at $15.14, down 3.4%
HK & CHINA GAS (00003.HK) Short selling $50.39M; Ratio 13.305% closed at $13.18, up 2%, hitting new high
HSMI & HSSI Constituents on Move:
CARDIOFLOW (02160.HK) closed at $10.08, down 12.8%
XTEP INT'L (01368.HK) Short selling $127.26M; Ratio 12.049% closed at $12.7, up 12.2%
ZTE (00763.HK) Short selling $136.77M; Ratio 17.147% closed at $31.65, up 7.1%, hitting new high
CHINA RES POWER (00836.HK) Short selling $81.52M; Ratio 7.746% closed at $15.1, up 3.7%, hitting new high
Earnings at lunchtime
LEE & MAN PAPER(02314.HK) announced interim result ended June 2021. The revenue rose 37.1% year on year to HK$15.18 billion. The net profit amounted to HK$1.936 billion, up 44.9% YoY. EPS was HK44.54 cents. An interim dividend of HK15 cents was declared against a dividend of HK12 cents in the corresponding period of the previous year.
L & M CHEMICAL (00746.HK) announced the interim result ended June 2021. The revenue rose 64.4% YoY to HK$2.272 billion. The net profit amounted to HK$587 million, up 275.8% YoY. Basic EPS was HK71.2 cents. An interim dividend of HK26 cents per share was declared.
HK&S HOTELS(00045.HK) announced the interim result ended June 2021.The revenue declined 5.2% year on year to HK$1.264 billion. The loss narrowed from HK$1.197 billion in the corresponding period of previous year to HK$452 million. LPS was HK$0.27. No dividend was declared.
announced that the average room rate for the Peninsula Hotels in Hong Kong reached HK$3,283 for the second quarter of 2021, up 17.1% YoY and up 24.26% QoQ. The occupancy rate hit 29%, up 16 ppts YoY.
MARKET HOURS NEWS.
BNP Paribas announced to have obtained the custody qualification of qualified foreign institutional investor (QFII) in China, effective from today.
In wake of radical pandemic flare-ups overseas, China has to hold on tight to its measures to prevent importation of cases, as CCTV cited National Immigration Administration. For example, the Administration will pause issuance of entry and departure documents, such as ordinary passports, for non-essential or non-emergency reasons.
InterDigital (IDCC.US) and XIAOMI-W (01810.HK) clinched a global non-exclusive patent license agreement to tackle the legal disputes of XIAOMI-W's application of InterDigital's patents covering various mobile technologies. The license may cover InterDigital's SEPs for 3G, 4G and 5G cellular, Wi-Fi and High Efficiency Video Coding (HEVC).
FOSUN PHARMA (02196.HK)'s supply of its mRNA Covid vaccine to Taiwan was granted emergency use by local health department, Global Times reported. So far, the company has inked contracts with a number of buyers in Taiwan, providing a total of 15 million doses to the nation.
XIAOMI-W (01810.HK) has founded a digital technology company under the name of Ningbo Milian Digital Technology Co. Ltd., with register capital of RMB50 million, reported Chinese media, citing Tianyancha APP. The report added that Xiaomi Digital Technology Co. Ltd. is the largest shareholder of the newly founded company with a 45% stake.
KUAISHOU-W (01024.HK) will shut down Zynn, the international version of the Kuaishou app vying with TikTok, in August as reported by Bloomberg.
After hiring two senior executives, Deutsche Bank will be able to resume its capacity as an IPO sponsor in Hong Kong, Wall Street Journal cited sources. Both new senior executives will serve as heads of IPO and start working before the end of this month.
Alipay announced to deepen the partnership with Shopify by immediately providing Hong Kong Shopify merchants with a highly compatible cross-border payment collection solution, which will connect more than 1.2 billion e-wallet users in Asia.
SHUI ON LAND (00272.HK) has chosen Morgan Stanley and UBS to lead the initial public offerin of its China Xintiandi, planning to spin off the arm for Hong Kong listing next year and fetch at least US$500 million of funds, reported Bloomberg.
Macau's Chief Executive Ho Iat-seng mentioned his conference call with various local secretaries, the People's Government of Guangdong Province and central authorities this morning (4 August) to study countermeasures for the next step, reported Radio Macau. The Chief Executive anticipated the epidemic in Macau to come under control in 14 days so that the city will no longer be on the list of medium or high risk areas. In light of the COVID-19 resurgence, Macau has announced to temporarily shut down recreational venues including cinemas and bars. The government has no plans to order the closure of casinos at the moment as the four newly reported infections were not recorded in any casino, said Macau's chief executive Ho Iat-seng. When asked about the pandemic impact on Macau's economy, Ho expressed that the government might adjust the MOP130 billion GGR forecast for this year.
KIDSLAND INTL (02122.HK) announced that "The Secret of the Gem", the first season of "Monsters in the Forbidden City" -- the company's live-action animation series jointly developed with Penguin Pictures under Tencent Video and Original Force, has been released on 30 July, amassing over 10 million views on the first day.
To prevent risks of Covid transmission, the Macau Government announced to shut down cinemas, theaters, indoor playrooms, gaming arcades, internet cafes, pool halls, bowling centers, steam rooms, massage parlors, beauty salons, fitness centers, karaoke bars, nightclubs, etc. from 12am on 5 August 2021.
Apple is seeking to bring in more Chinese suppliers to manufacture the new models of iPhone, indicating that China's technological competitiveness continues to increase despite U.S.'s attempts to contain China's tech advancement, reported Nikkei. LUXSHARE-ICT (002475.SZ) is said to have been given iPhone 13 series orders and is expected to produce 3% of the upcoming series as Apple has decided to manufacture 90-95 million units of the new iPhones.
Japan's ROHM revealed the technological partnership with GEELY AUTO (00175.HK) for next-generation semiconductors with high energy efficiency, reported Nikkei. Accordingly, GEELY AUTO will adopt ROHM's new semiconductors in its battery electric vehicle (BEV) core system in the development stage. Equally, both sides will work together to promote semiconductor development.
Head of Hong Kong University's Centre for Infection, Ho Pak-leung, suggested during a radio program that people using Return2hk Scheme to return to Hong Kong should present 48-hour valid negative NAT proof, instead of keeping the prevailing 72-hour validity. Such people should also be administrated with two doses of Covid vaccine immediately. Moreover, people returning from "medium risk" regions in China, such as Nanjing, should be quarantined not at homes, but at hotels, to address the potential transmission risk.
Bota Biosciences, an industrial synthetic biotechnology company in China, announced the completion of B round financing led by Sequoia China, running into over US$100 million. The financing was followed by MEITUAN-W (03690.HK) etc.. Bota Biosciences stated that the total amount of financing so far has towered US$145 million, and the funds raised this time will be used to expand global footprint.
CHINA RES LAND (01109.HK) announced to have reached an investment partnership agreement with Guangdong Ande Equity Investment and Guangzhou Runpu Investment on the urban renewal project of Xinxi located in Huangpu district, Guangzhou city, on 3 August.
XIAOMI-W (01810.HK) announced that its new smartphone model MIX 4 will be unveiled on 10 August. The new model will feature technologies such as curved display and under-screen camera.
Octopus expressed that, driven by the consumption voucher scheme, the number of merchant applications has seen an exponential increase, recording more than 20,000 new applications from April to July, taking the number of merchants that accept Octopus payment in Hong Kong to approximately 110,000.
Foreign media's sources suggested that TRIP.COM-S (09961.HK), along with six other potential buyers, have been bidding to acquire the South Korean online retail platform Interpark. TRIP.COM-S, in response, dismissed the rumor as untrue.
BYD COMPANY (01211.HK) has completed the filing of Hefei Project, according to the official website of the People's Government of Changfeng County, Hefei City, Anhui Province. With a land area of approximately 3,918 mus, the project is capable to produce, upon completion, core supporting parts for 400,000 new energy vehicles. The project will commence construction at the end of August, as local media had previously reported.
Tencent Cloud announced its partnership with Xiao E Tech on a corporate live streaming product "Tencent Cloud Corporate Streaming". The live streaming product will enable companies to establish a complete private traffic eco-chain, subsequently enhancing the brand's influence and benefitting the companies in establishing connections with their clients.
ByteDance is reported to be planning on setting up credit service business. However, the company replied to Chinese media that relevant reports are untrue.
SWIRE PROPERTIES (01972.HK) announced the operating information for the second quarter of 2021. Malls under the group posted sales recovery thanks to revitalized local demand and popular promotional activities therein. Construction is progressing well at the new grade A office building, Two Taikoo Place, which may be completed in the first half of 2022.
The overseas version of People's Daily mentioned in its article that the newly amended Law of Protection of Minors of the PRC had earlier been enforced, in which the additional chapter "Network Protection" specifically targets to protect network lives of adolescents through legislation. The new chapter, first of all, clarified the responsibility of "Network Protection" should be shared between parents and schools. Under which, parents should install network protection software for teenagers timely, and schools should ban smartphones during classes, etc.. Secondly, the chapter also proposed "hardcore" requirement on network product and service providers, such as no online game services are allowed for teens between 22:00-08:00 everyday. The article accentuated that "Network Protection" should prevent not only internet addiction of minors, but also new chaos wreaked by new internet applications, which make internet protection for minors more imminent.
PRE MARKET NEWS
The HKSAR Government announced that the Return2hk Scheme does not apply to people who have stayed in Macau at the day or last 14 days when they arrive in Hong Kong, effective today, in response to the latest epidemic trend in Macau. People who have stayed in Macau are required for home quarantine for 14 days after arriving in Hong Kong, and take compulsory testing on the 3rd, 7th, 12th, 16th and 19th of arrival in Hong Kong. Even if they complete vaccination, their compulsory quarantine period will not be adjusted to seven days.
HKT-SS (06823.HK) announced that for customers who have experienced erroneous deductions of funds from their Tap & Go accounts in connection with the usage of consumption vouchers, the company will arrange appropriate refunds to them within one week. The company sincerely apologized for the inconvenience that its customers have experienced in using their consumption vouchers via the company's platform due to system issues, and stated that it has been making its best endeavours to identify the causes and take remedial actions.
Marriott International (MAR.US) swung into second-quarter net income of US$422 million. Excluding special items, EPS reached US$0.79, above consensus of US$0.45. The Delta variant had stifled revival in the Asia-Pacific region. The company would stay watchful of further impact on hotel occupancy.
For July 2021, China's automobile sector is forecast to have achieved vehicle sales of 1.82 million units, down 9.7% MoM and 13.8% YoY, according to China Association of Automobile Manufacturers (CAAM).
For the first seven months of 2021, the auto sector is forecast to have achieved sales of 14.71 million units, up 19% YoY.
BABA-SW (09988.HK) Given tougher internet sector regulation in China, Chairman Daniel Zhang said in a conference call that the group is actively learning various rules and requirements, set to evaluate such business repercussion and take corresponding actions, he added. On another note, Zhang expressed his bullish view on China's economic growth potential and confidence in the group's development in the long run.
A 43-year-old man living in Sham Shui Po tested initially positive for the novel coronavirus, local media citing sources. This is likely a local infection as the patient has no outbound travel record.
Macau Novel Coronavirus Response and Coordination Centre announced that any person who would like to enter Macau via Guangdong-Macau ports should present a 12-hour valid negative NAT results, except for cross-border truck drivers who ensure normal production and living of Zhuhai and Macau, effective 6:00 a.m. today (4th). Besides, Macau will also initiate universal NAT program across the region from 9:00 a.m. today.
The Chinese authority has recently mounted investigation and rectification on network variety shows, requiring stringent control on idol fostering programs, as People's Daily cited National Radio and Television Administration. Star-chasing and deformed values, such as money worship, should be suppressed, whereas positive guidance on fans' activities should be strengthened.
Guangdong's market regulatory department met with relevant persons at NAYUKI (02150.HK) in charge of food safety, demanding the company to raise its awareness on the matter of food safety and to launch internal reviews on all of its own stores. NAYUKI issued a statement, revealing that Chinese regulators had launched strict random investigation on the company's shops nationwide for issues ranging from hidden food safety loopholes and hygiene environment to food production. Upon investigation, all NAYUKI shops were found in compliance with laws and regulations. It also announced that, immediately after becoming aware of the publication of the Press Articles and the food safety assessment conducted by the relevant government authorities in Nayuki teahouses in the Guangdong Province, the Company has established a special task force to investigate the matters raised in the Press Articles. The said two Nayuki teahouses in Beijing involved have suspended operations immediately to enable the Group to conduct full investigation. To further ensure food safety and to avoid recurrence of the incidents, the Company will increase the frequency of engaging external service provider to sanitize the said two Nayuki teahouses in Beijing; and further enhance the Group's automated in-store operation including in-store inventory management system to accurately tracks and intelligently analyzes inventory levels and the valid periods of major ingredients to ensure that the in-store staff would strictly adhere to and implement the Group’s quality control policies and procedures for food safety and product quality.
China Audio-video and Digital Publishing Association has called for a meeting between major game publishers to work on the anti-addiction measures for online gaming, reported 21st Century Business Herald, citing China Audio-video and Digital Publishing Association. During the meeting, the Association stressed that publishers are urged to perfect and establish a complete system of appropriate age rating for all products.