Chinese stocks rallied on Thursday as investors' sentiment recovered quickly from the initial panic selling triggered by Donald Trump's victory in the US presidential election.
Chinese internet companies face a new reality after Donald Trump's surprise victory as US president-elect - and Alibaba Group Holding Ltd has the most to lose.
China Evergrande Group, the country's largest property developer, increased its stake in rival China Vanke Co, renewing concerns about a potential battle for control.
Donald Trump's surprise victory will probably bring with it more uncertainties to US economic policy, which analysts said underlined the importance of portfolio diversification for investors and Chinese companies.
Chinese exporters have remained calm after the US presidential election result, saying they had prepared for inevitable exchange rate fluctuations, and see little impact on China's exports to the United States.
The ongoing negotiations for a bilateral investment treaty between China and the United States will not be obstructed or delayed by Donald Trump's new administration as both sides are under pressure to stimulate their economies, experts said on Wednesday.
The equity market in China fluctuated on Wednesday over uncertainties brought about by the US presidential election, with benchmark indexes dipping, a situation that analysts said may last for the next few days before investors refocus on economic fundamentals.
An enterprising rubber arts and crafts factory in Zhejiang province in eastern China said it earlier received more than 500,000 orders for face masks of Donald Trump, the newly elected president of the United States, far exceeding the order numbers for Hillary Clinton masks, and it is now making profits as a result.
The American Chamber of Commerce in South China said on Wednesday it believed Sino-US relations would continue to grow after Donald Trump was elected as the next US president.
Iran signed a $4.8 billion natural gas development project with energy giants Total SA and China National Petroleum Corp, marking the first joint venture with international partners since UN sanctions on the nation were eased in January.
Hong Kong, the world's second-largest market for new listings this year, is planning to step up its efforts to police misconduct by sponsors of initial public offerings.
A Chinese company plans its first dollar sukuk issuance to tap a four-fold increase in Chinese funds that can invest in bonds overseas. A sukuk is a type of bond consistent with the Islamic faith.
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Raymond Zhou
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