SHE:300373

4 stories mentioning SHE:300373Updated 1d ago

Every FINWIRES story that references SHE:300373, newest first.

Chinese Shares Rise as Central Bank Unveils Major Financial Policy Measures

Chinese shares closed higher on Wednesday, driven by supportive policy signals from the country's central bank.The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.4% to 4,108.08. The Shenzhen Component Index soared 1.3% to 15,880.95.Pan Gongsheng, governor of the People's Bank of China, on Wednesday announced six new financial policy measures at the 2026 Lujiazui Forum in Shanghai.These include refining the short-term interest rate regulation mechanism, creating a repo facility for overseas central banks, studying a macro-prudential liquidity support tool for non-bank institutions, piloting offshore yuan forex trading in the Shanghai Free Trade Zone, issuing an action plan for offshore finance in Shanghai and launching the interbank market data repository.Also, 26 financial institutions signed direct participant agreements with China's digital yuan operation center in Shanghai. Through the Cross-border e-CNY Transfer Services (CBETS), participants can directly connect with the payment systems of foreign central banks and overseas financial institutions, slashing the settlement period to just a few hours from several days.In company news, Yangzhou Yangjie Electronic Technology (SHE:300373) secured a conditional nine-month exemption from European Union sanctions under Resolution (CFSP) 2026/1333. Shares of the power semiconductor wafer manufacturer closed 5% higher Wednesday.

Shanghai Composite^SZSESHE:300373

Asia2d ago

Yangjie Electronic Technology Secures Nine-Month EU Exemption from Sanctions; Shares Up 5%

Yangzhou Yangjie Electronic Technology (SHE:300373) secured a conditional nine-month exemption from European Union sanctions under Resolution (CFSP) 2026/1333, according to a Tuesday filing with the Shenzhen bourse.The exemption allows the power semiconductor wafers manufacturer to honor contracts signed before April 23 through Dec. 31. It also permits E.U. industries to procure critical components from the company until March 16, 2027, to ensure supply chain diversification.The reprieve follows appeals from European automotive clients.Shares of Yangzhou Yangjie Electronic Technology rose 5% in recent trade.

SHE:300373

Asia27d ago

Market Chatter: European Commission Could Exempt Chinese Chipmaker Yangjie on Auto Supply Chain Worries

The European Commission is looking to exempt Chinese semiconductor supplier Yangzhou Yangjie Electronic Technology (SHE:300373) from sanctions, Bloomberg News reported Thursday, citing people familiar with the matter.The executive arm of the European Union would propose the exemption as early as this week, the report said.European automakers lobbied for the removal of the ban after warning supply chains would be depleted in weeks if the ban stays, the news agency said, citing the sources.The removal of the ban could be temporary until automakers could find alternative suppliers, Bloomberg reported.The bloc included Yangjie in its 20th sanctions package on the grounds that the company is providing dual-use goods or weapons to Russia, according to the news agency.Yangjie's technologies were allegedly found in Russian drones and glide bombs used in the war against Ukraine, the report said.(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.)

SHE:300373

Asia60d ago

Yangjie Electronic Tech's Q1 Profit Jumps 41%, Revenue Climbs 35%; Shares Up 5%

Yangzhou Yangjie Electronic Technology's (SHE:300373) net profit attributable to shareholders in the first quarter jumped 41% to 384.9 million yuan from almost 273 million yuan a year earlier, according to a Shenzhen bourse filing on Saturday.The power semiconductor wafers manufacturer's shares jumped less than 5% during Monday's morning trade.Earnings per share climbed 42% year on year to 0.71 yuan from 0.50 yuan.Operating revenue increased 35% to 2.13 billion yuan from 1.58 billion yuan in the previous year.

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