FDI inflow increases 25.6%

FOREIGN direct investment (FDI) into the Chinese mainland, in actual use, expanded 25.6% year on year to 379.87 billion yuan (US$59.35 billion) in the first quarter of the year, the Ministry of Commerce said Thursday.

In U.S. dollar terms, the inflow went up 31.7% year on year to US$59.09 billion.

Power use continues growth momentum

CHINA’S electricity consumption, a key barometer of economic activity, continued its growth momentum in March, official data showed Thursday.

Total power use rose 3.5% year on year last month to 694.4 billion kilowatt-hours (kWh), data from the National Energy Administration showed.

Means of production prices rise

MOST of capital goods monitored by the Chinese Government registered higher prices in early April compared with late March, official data showed Thursday.

Of the 50 major goods monitored by the government, such as seamless steel tubes, gasoline, coal, fertilizer and some chemicals, 25 reported rising prices during the period and 21 logged lower prices, according to the National Bureau of Statistics. Hog prices climbed 2.5% in early April from that in late March.

Lenovo ordered to fix information disclosures

THE securities regulator in Beijing on Thursday ordered Lenovo Group to rectify information disclosure issues.

The Beijing office of the China Securities Regulatory Commission said in a statement that a regular on-site inspection found that the computer firm released its 2020 annual report in the Hong Kong stock exchange earlier than it did in mainland exchange. Lenovo’s disclosure via the Shanghai Stock Exchange of its acquisition of Banque Internationale a Luxembourg SA also lagged its announcement through the Hong Kong exchange, it said.

Zhihu raises US$106M in Hong Kong listing

QUESTION and answer website Zhihu Inc. priced its Hong Kong listing at HK$32.06 each to raise HK$833 million (US$106.25 million), Reuters quoted sources as saying Thursday.

The company sold 26 million shares in its dual primary listing, according to its regulatory filings. The shares will start trading on the Hong Kong exchange April 22, the company’s filings show.