  HONG KONG, April 19 -- The global 5G race has set off a powerful rally in Chinese telecom stocks. And what we’re seeing now may just be the beginning of exceptional opportunities for savvy investors, analysts and traders say. As countries around the world race towards a 5G future of driverless cars and wired homes, Chinese telecommunications equipment makers and suppliers are scrambling to make their mark. Chinese network operators are set to spend hundreds of billions of dollars on buying new 5G base stations over the next few years to build the next generation of telecom networks. This means massive orders for main equipment vendors to build them, with the top players – privately held Huawei Technologies and Hong Kong-listed ZTE – set to snap up the bulk of them. The money will then trickle down to their suppliers of an array of telecom components. The prospect drove a jaw-dropping 75 per cent surge in a gauge compiled by Wind of 76 China-listed, 5G-related stocks over the past six months. That dwarfs the 22 per cent rise in the benchmark Shanghai Composite Index over the same period. One leading stock is Shenzhen-listed Wuhan Fingu Electronic Technology, which has soared 408 per cent since it said it was providing customers – its biggest client is the telecom giant Huawei – radio frequency devices to conduct 5G field trials in October. Its rival Suzhou Chunxing Precision also has jumped by 194 per cent since October after making a similar announcement. The market fervour in 5G has even led to mysterious surges in completely unrelated stocks. Shanghai-listed Eastern Communications skyrocketed 800 per cent from October to March, forcing it to make several warnings to say it was not involved in any 5G business. Traders labelled it a yaogu – “monster stock” – meaning that the surge was entirely a result of speculative capital and deviated from the fundamentals. But the real deals have plenty more room to climb, many investors and analysts say, with the market still not yet grasping what a massive growth driver 5G is to the telecom sector. 
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  CHENGDU, April 18 -- Gongchenlou in Weishan county, Southwest China's Yunnan province.
A fire broke out Jan 3, 2015, at Gongchenlou, an ancient tower built in the Ming Dynasty (1368-1644), in Weishan county, Yunnan province. Although no casualties were reported, the conflagration destroyed most of the 600-year-old landmark, which was listed as a provincial-level cultural relic.   NEW YORK, April 18 -- A woman from Queens who worked for Air China at John F. Kennedy Airport pleaded guilty Wednesday to acting on behalf of the Chinese government by placing unscreened packages on a flight from New York to Beijing.
Ying Lin, who also goes by Randi or Randy, was working at the direction of Chinese military personnel stationed at China’s permanent mission to the United Nations, according to the US Attorney’s Office for the Eastern District of New York. Lin, a naturalised US citizen, worked for Air China from 2002 through fall 2015 at JFK and then at Newark Liberty International Airport through April 2016. She could face 10 years’ imprisonment when sentenced. “This case is a stark example of the Chinese government using the employees of Chinese companies doing business here to engage in illegal activity ,” Assistant Attorney General John Demers said in a statement. People walk through international arrivals at terminal four at John F. Kennedy (JFK) airport, where a Chinese woman who worked for Air China has pleaded guilty to working as an agent for the Asian nation. In exchange for her help, the Chinese government provided her tax-exempt purchases of discounted liquor and electronics available only to diplomats, according to court documents, as well as free contracting work at her residence. “Ms. Lin was secreting packages through some of the country’s busiest airports, using her work with the Chinese government to thwart our security measures,” said William Sweeney, assistant director-in-charge of the FBI’s New York field office. “We believe this case isn’t unique and hope it serves as an example that the Chinese and other foreign governments cannot break our laws with impunity.”   BEIJING, April 16 -- Lingguan Mansion complex at Jiulong Temple in Mianzhu, Sichuan province.
The 16-story structure was said to be the tallest wooden pagoda in Asia. No casualties were reported in the incident, and the cause of the blaze is under investigation. According to local media reports, the original Lingguan Mansion was built during the Ming Dynasty (1368-1644) and destroyed in a magnitude 8 earthquake that hit Sichuan in 2008. The temple, with what was considered the tallest wooden tower in Asia, later became restored but remained under construction when the fire broke out. The cause of the blaze is still unknown.  This photo taken on February 4, 2016 shows investors in Chinese online peer-to-peer lender Ezubao chanting slogans during a protest in Beijing  SHANGHAI, April 15 -- Racked by scandal, high-profile collapses and high-profile company exits, the world’s largest peer-to-peer lending market could soon face a second reckoning, as Beijing prepares to adopt stricter licensing requirements. China’s peer-to-peer (P2P) industry, much like payday lenders in the United States, has provided a valuable lifeline for some of the country’s most vulnerable consumers and small businesses that have had trouble accessing the traditional banking system, although it only accounts for a small portion of total borrowing in the country. The internet-based lending platforms match private investors – who have money they are willing to lend – with individuals or small companies that want to borrow, with the platforms taking a small cut of each transaction. Investors can make up to 10 per cent annual returns on their lending through the platforms. The number of P2P platforms shrank dramatically last year amid tightening regulation to arrest an epidemic of fraud and weakening investor sentiment fuelled by massive defaults. For the lending platforms that remain, the country will start a trial registration process in pilot cities during the second half of this year, according to Economic Information Daily, a state-run newspaper. The programme will clarify the registration threshold and business boundaries for the remaining P2P services, categorising them into national and regional platforms, and require all of them to set aside general risk reserves and loan loss provision for lenders on the platforms.  “Cleaning up and exiting will be the theme [of the registration programme],” Xue Hongyan, director of the internet finance research centre at the Suning Institute of Finance, wrote in a note. “Nearly 90 per cent of all remaining platforms will not qualify for a license.”
Xue suggested that only about 100 platforms would survive under the new regulatory environment, out of the 1,021 P2P lending platforms still operating at the end of March. That number has fallen by about half from a year ago due to business failures and pressures from government regulators,   SINGAPORE, April 14 -- From celebrities to ministers, condemnation from the West has been heaped on Brunei for enacting harsh anti-gay laws that prescribe death by stoning for various offences – but the tiny oil-rich nation has showed little concern it may be making foes of its traditional friends.
Neither is it likely to fully alienate the West, observers say, despite remaining resolute on the implementation of sharia law in the face of backlash from world leaders. Ruler Sultan Hassanal Bolkiah, one of the world’s richest men, has a track record of balancing dialogue with the West – the United Kingdom and the United States are major export partners – while courting increased engagement with China, the country’s main import trading partner. “Brunei has been practising hedge diplomacy in its foreign policy,” says Mustafa Izzuddin, a fellow at Singapore’s ISEAS-Yusof Ishak Institute. “However, the greater the criticism from Western countries – including resorting to boycotts – the more likely Brunei will turn to Asia and in particular, China, which has cleverly stayed clear of Brunei’s domestic affairs.” Beijing has developed a keen interest in Brunei, partly due to the possibility of joint development deals in its exclusive economic zone (EEZ), which could provide a key toehold into contested South China Sea waters. Brunei is among the claimants to the disputed sea, but its unassertive approach has made it appealing to China, says Mustafa. While Beijing has yet to propose any concrete plans, similar attempts to forge deals with other South China Sea claimants suggest it would “not be surprising to see China offer joint development prospects to Brunei”, says Joseph Liow of the S Rajaratnam School of International Studies. But if joint agreements are signed, it could prove problematic for other Southeast Asian claimants and the wider international community as it would undercut the 2016 international ruling that says China has no claims to the waters delineated by its controversial nine-dash line, says Gregory Poling, director of the Asia Maritime Transparency Initiative. If China manages to strike a development deal with Brunei, it would indicate Brunei’s EEZ waters were legally “disputed”, strengthening Beijing’s claim and weakening near-universal consensus of the ruling, says Poling. However, there is still “no evidence Brunei is willing to take that gamble”, he says. Nevertheless, ties between both countries are growing, as Brunei looks to diversify its income streams in a country traditionally reliant on oil reserves – estimated to run out within two to three decades. Brain drain is a growing issue, as is unemployment, which stood at 9.3 per cent according to latest figures. The nation, an enthusiastic supporter of the Belt and Road Initiative , has unveiled a development plan to build a dynamic and sustainable economy by 2035.   SHANGHAI, April 14 -- Full race results for the Chinese Grand Prix at the Shanghai International Circuit, round three of the 2019 Formula 1 season.
Formula 1 Chinese Grand Prix - Race Results 1. Lewis Hamilton GBR Mercedes AMG Petronas Motorsport 56 laps 2. Valtteri Bottas FIN Mercedes AMG Petronas Motorsport + 6.552s 3. Sebastian Vettel GER Scuderia Ferrari + 13.744s 4. Max Verstappen NED Aston Martin Red Bull Racing Honda + 27.627s 5. Charles Leclerc MON Scuderia Ferrari + 31.276s 6. Pierre Gasly FRA Aston Martin Red Bull Racing Honda + 89.307s 7. Daniel Ricciardo AUS Renault F1 Team + 1 lap 8. Sergio Perez MEX SportPesa Racing Point F1 Team + 1 lap 9. Kimi Raikkonen ITA Alfa Romeo Racing + 1 lap 10. Alexander Albon THA Red Bull Toro Rosso Honda + 1 lap 11. Romain Grosjean FRA Rich Energy Haas F1 Team + 1 lap 12. Lance Stroll CAN SportPesa Racing Point F1 Team + 1 lap 13. Kevin Magnussen DEN Rich Energy Haas F1 Team + 1 lap 14. Carlos Sainz ESP McLaren F1 Team + 1 lap 15. Antonio Giovinazzi ITA Alfa Romeo Racing + 1 lap 16. George Russell GBR ROKiT Williams Racing + 2 laps 17. Robert Kubica POL ROKiT Williams Racing + 2 laps Ret. Lando Norris GBR McLaren F1 Team Ret. Daniil Kvyat RUS Red Bull Toro Rosso Honda Ret. Nico Hulkenberg GER Renault F1 Team  SHANGHAI, April 13 -- Full results from from qualifying for the Chinese Grand Prix at the Shanghai International Circuit, round three of the 2019 Formula 1 season.
Formula 1 Chinese Grand Prix - Pole Results 1. Valtteri Bottas FIN Mercedes AMG Petronas Motorsport 1m31.547s 2. Lewis Hamilton GBR Mercedes AMG Petronas Motorsport + 0.023s 3. Sebastian Vettel GER Scuderia Ferrari + 0.301s 4. Charles Leclerc MON Scuderia Ferrari + 0.318s 5. Max Verstappen NED Aston Martin Red Bull Racing Honda + 0.542s 6. Pierre Gasly FRA Aston Martin Red Bull Racing Honda + 1.383s 7. Daniel Ricciardo AUS Renault F1 Team + 1.411s 8. Nico Hulkenberg GER Renault F1 Team + 1.415s 9. Kevin Magnussen DEN Rich Energy Haas F1 Team no time 10. Romain Grosjean FRA Rich Energy Haas F1 Team no time -- Q2 FASTEST TIME: 1m31.637s 11. Daniil Kvyat RUS Red Bull Toro Rosso Honda + 1.599s 12. Sergio Perez MEX SportPesa Racing Point F1 Team + 1.662s 13. Kimi Raikkonen ITA Alfa Romeo Racing + 1.782s 14. Carlos Sainz ESP McLaren F1 Team + 1.886s 15. Lando Norris GBR McLaren F1 Team + 2.330s -- Q1 FASTEST TIME: 1m32.658s -- 16. Lance Stroll CAN SportPesa Racing Point F1 Team + 1.634s 17. George Russell GBR ROKiT Williams Racing + 2.595s 18. Robert Kubica POL ROKiT Williams Racing + 2.623s 19. Antonio Giovinazzi ITA Alfa Romeo Racing no time 20. Alexander Albon THA Red Bull Toro Rosso Honda no time  SHANGHAI, April 13 -- Full results from final practice for the Chinese Grand Prix at the Shanghai International Circuit, round three of the 2019 Formula 1 season.
Formula 1 Chinese Grand Prix - Free Practice 3 Results 1. Valtteri Bottas FIN Mercedes AMG Petronas Motorsport 1m32.830s 2. Sebastian Vettel GER Scuderia Ferrari + 0.392s 3. Lewis Hamilton GBR Mercedes AMG Petronas Motorsport + 0.418s 4. Charles Leclerc MON Scuderia Ferrari + 0.859s 5. Nico Hulkenberg GER Renault F1 Team + 1.144s 6. Kimi Raikkonen ITA Alfa Romeo Racing + 1.416s 7. Max Verstappen NED Aston Martin Red Bull Racing Honda + 1.617s 8. Carlos Sainz ESP McLaren F1 Team + 1.680s 9. Alexander Albon THA Red Bull Toro Rosso Honda + 1.770s 10. Daniil Kvyat RUS Red Bull Toro Rosso Honda + 1.953s 11. Lando Norris GBR McLaren F1 Team + 2.108s 12. Sergio Perez MEX SportPesa Racing Point F1 Team + 2.248s 13. Daniel Ricciardo AUS Renault F1 Team + 2.312s 14. Lance Stroll CAN SportPesa Racing Point F1 Team + 2.393s 15. Pierre Gasly FRA Aston Martin Red Bull Racing Honda + 2.496s 16. Antonio Giovinazzi ITA Alfa Romeo Racing + 2.896s 17. Romain Grosjean FRA Rich Energy Haas F1 Team + 2.941s 18. Kevin Magnussen DEN Rich Energy Haas F1 Team + 3.168s 19. George Russell GBR ROKiT Williams Racing + 3.294s 20. Robert Kubica POL ROKiT Williams Racing + 3.346s   SHANGHAI, April 12 -- Full results from Free Practice 2 for the Chinese Grand Prix at the Shanghai International Circuit, round three of the 2019 Formula 1 season.
Formula 1 Chinese Grand Prix - Free Practice 2 Results 1. Valtteri Bottas FIN Mercedes AMG Petronas Motorsport 1m33.330s 2. Sebastian Vettel GER Scuderia Ferrari + 0.027s 3. Max Verstappen NED Aston Martin Red Bull Racing Honda + 0.221s 4. Lewis Hamilton GBR Mercedes AMG Petronas Motorsport + 0.707s 5. Nico Hulkenberg GER Renault F1 Team + 0.766s 6. Carlos Sainz ESP McLaren F1 Team + 0.811s 7. Charles Leclerc MON Scuderia Ferrari + 0.828s 8. Lando Norris GBR McLaren F1 Team + 0.966s 9. Daniel Ricciardo AUS Renault F1 Team + 1.006s 10. Pierre Gasly FRA Aston Martin Red Bull Racing Honda + 1.125s 11. Kimi Raikkonen ITA Alfa Romeo Racing + 1.221s 12. Alexander Albon THA Red Bull Toro Rosso Honda + 1.304s 13. Daniil Kvyat RUS Red Bull Toro Rosso Honda + 1.364s 14. Lance Stroll CAN SportPesa Racing Point F1 Team + 1.449s 15. Sergio Perez MEX SportPesa Racing Point F1 Team + 1.454s 16. Kevin Magnussen DEN Rich Energy Haas F1 Team + 1.458s 17. Romain Grosjean FRA Rich Energy Haas F1 Team + 2.374s 18. Antonio Giovinazzi ITA Alfa Romeo Racing + 2.584s 19. Robert Kubica POL ROKiT Williams Racing + 2.791s 20. George Russell GBR ROKiT Williams Racing + 2.899s |
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