The Shanghai Stock Exchange approved Hubei Zhenhua Chemical's (SHA:603067) corporate bond issuance, according to a Wednesday bourse filing.
China's securities regulator will ultimately approve the issuance.
Zhenhua is set to use the proceeds, set at 878 million yuan, to co-produce 5,000 tons per year of vitamin K3 and 74,000 tons per year of chromium green, as well as 500,000 tons per year of sulfuric acid and to 50,000 tons per year of chromium powder, according to a Jan. 5, 2026 filing.
Chinese airlines, including Air China (SHA:601111, HKG:0753), said fuel surcharges on mainland routes will be reduced for tickets sold from June 5, state-owned media reported Tuesday.The surcharge will decline by 10 yuan to 80 yuan per segment for routes of 800 kilometers or less, and by 20 yuan to 150 yuan for longer routes, according to the report.Infants will remain exempt, while children, disabled servicemen and disabled police officers will receive a 50% discount, Xinhua wrote.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Ligeance Aerospace Technology (SHE:000697) appointed Li Tiejun chairman, according to a Wednesday disclosure on the Shenzhen bourse.Li will take over from acting chairman Wang Hu, who led the board of directors' election for the role.The Chinese aviation products manufacturer's shares fell 3% at close of trade.
Several Asian countries could soon face additional duties on some of their exports to the U.S. following Washington's probe into imports produced using forced labor, the Office of U.S. Trade Representative (USTR) said Tuesday.The USTR said Bangladesh, Cambodia, China, Hong Kong, India, Japan, Malaysia, the Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand, Indonesia, Pakistan, and Vietnam are among the 54 economies that have failed to impose and effectively enforce a forced-labor import ban.The USTR proposed a 10% additional tariff for economies that have partially enforced bans on the importation of certain forced-labor goods and a 12.5% tariff for the rest.