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Frances final harmonized CPI annual rate for July was 2.4%, in line with expectations and down from 2.40% previously.Frances final harmonized CPI monthly rate for July was 0.6%, in line with expectations and down from 0.60% previously.The final reading of Frances July CPI will be released in ten minutes.On August 14th, the China Motorcycle Chamber of Commerce released data showing that in July, the industry produced and sold 1.9384 million and 1.8996 million gasoline-powered motorcycles, respectively, representing month-on-month increases of 5.13% and 2.97%, and year-on-year increases of 22.32% and 18.85%. According to incomplete statistics from the Chamber, electric motorcycle production and sales reached 331,100 and 321,200 units, respectively, representing month-on-month decreases of 21.21% and 20.87%, and year-on-year increases of 10.37% and 9.5%. In July, total motorcycle production and sales reached 2.2696 million and 2.2208 million units, respectively, with production increasing by 0.24% month-on-month and sales decreasing by 1.33% month-on-month, but year-on-year increases of 20.42% and 17.4%. Domestic motorcycle sales reached 801,200 units, a month-on-month decrease of 8.15% and a year-on-year increase of 7.6%; domestic sales of gasoline-powered motorcycles reached 484,900 units, a month-on-month increase of 0.79% and a year-on-year increase of 6.03%.On August 14th, at Baidu AI Day, Baidu Wenku Cloud Drive officially announced the Chinese name of its general-purpose intelligent agent GenFlow as "KuKu AI". GenFlow has surpassed 100 million monthly active users, and its AI office MAU currently exceeds 25 million. Simultaneously, Wenku Cloud Drive announced the launch of the "KuKu AI" standalone platform, including the KuKu AI office PC client, KuKu AI web client, mini-program, and KuKu AI enterprise edition.

More Than 80 Companies, Including China's JD.com, Added in U.S. SEC List, At Risk of Delisting

Haiden Holmes

May 05, 2022 10:16

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The Securities and Exchange Commission of the United States added over 80 corporations to its list of organizations facing probable expulsion from American exchanges, including China's JD.com, Pinduoduo (NASDAQ:PDD) Inc, Bilibili (NASDAQ:BILI) Inc, and NetEase (NASDAQ:NTES) Inc.


The SEC enlarged the list on Wednesday, including Chinese businesses listed in the United States, as part of a preliminary lineup under a 2020 law known as The Holding Foreign Companies Accountable Act.


The act, which was signed into law by then-President Donald Trump, seeks to bar foreign-jurisdiction corporations from US stock exchanges if they fail to adhere to American auditing standards for three consecutive years.


Among the other significant Chinese companies added to the SEC's list were JinkoSolar Holding Co Ltd (NYSE:JKS), NIO Inc, and China Petroleum (NYSE:SNP) & Chemical Corp.


According to Reuters, Chinese regulators last month requested that some of the country's US-listed companies, including Alibaba (NYSE:BABA), Baidu (NASDAQ:BIDU), and JD.com, submit additional audit disclosures.


China also proposed revising confidentiality rules for offshore listings in early April, removing a legal impediment to Sino-US audit cooperation and putting the onus on Chinese firms to protect state secrets.


The development comes after a US watchdog stated in March that it was continuing to engage with Chinese regulators on access to their auditors' records, but it remained unclear whether the Chinese government would allow the access necessary by a new US listing law.

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