Discover and read the best of Twitter Threads about #shimao

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Hang Seng Index Futures open up 5.47% or 1,130 to above 21,267.
🇭🇰 $HSI
Hang Seng Index opens up 6.7%, Tech Index rises 10.88%.
$XPEV, $BILI, $BIDU $JD up 15%, $BABA and JD Health up 14%
🇭🇰 #HongKong $HSI $HSTI Image
The mainland market is also up more than 1% on Thursday morning, spurred by the signals from China State Council's finance committee meeting and the pause of property tax trial yesterday
The property sector up 6.8%.
$SSE $SZSE

Image
Read 6 tweets
China's tech-heavy ChiNext Price index extends decline to 2%, benchmark #Shanghai Composite Index down 1.24%, #Shenzhen down 1.5%.
Hang Seng Tech Index keeps tumbling, now heading for an 8% drop. $AAPL-related tech groups are down amid the halt of the Foxconn Shenzhen plants.
Mainland property developers keep tumbling in Hong Kong.
#Sunac China plunges as much as 17%, #Shimao and Aoyuan fall 10%, Evergrande down 3%.
The northbound net capital outflow via mainland China and Hong Kong Stock Connect exceeds 10 billion yuan,

One of the key sentiment gauges for Chinese investors.
#China #HongKong #Stockmarket
Read 4 tweets
China has dealt with 25 trillion yuan of shadow banking over the past 5 years. China's #realestate bubble has curbed in 2021, s Guo Shuqing, the head of China's banking regulator CBIRC.
#Evergrande #Shimao
#China will implement instructions from recent inspection, will forestall, defuse risks and push high-quality development.
Guo also says China needs strong measures for the economy, but not massive stimulus.
Will make targeted policies aimed at Small- and Medium Enterprises.
Guo Shuqing says #China will speed up the standardization of corporate credit #bonds, push forward the legislation on financial stability and #derivatives.
Read 4 tweets
This weekend, @NishiDholakia @AntiokhosE and I explored the largest & most confounding #Neolithic site in China: #Shimao. A massive fortified stone city in an unexpected place, w/ objects from far afield, and grizzly human sacrifices. Vibrant until abandoned around 1800BCE 1/
This first mystery of #Shimao was the location: the city was built on the Northern Loess Plateau, relatively dry and far from the lush Yellow River “cradle of Chinese civilisation”. What might attract a large #Neolithic population to create a major city in such a place? 2/
The second mystery was the building material. #Archaeologists associated this period in #China with rammed earth structures. But this #Neolithic city - built in 2300 BCE - was made of #stone, dominated by a 20 tiered oblong stepped #pyramid structure on the highest hill 3/
Read 9 tweets

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