HONG KONG/SHANGHAI (Reuters) - China's Meituan Dianping, an online food delivery-to-ticketing services platform, is bringing its initial public offering (IPO) to Hong Kong, where it aims to raise over $4 billion, three people with knowledge of the deal said. ( read original story ...)
Shanghai’s stock market enters bear territory as key index plunges for a second day
Shanghai’s benchmark stock index plunged for a second day, sending Asia’s largest equity bourse into official bear market territory, as concerns of a trade war with the US sent investors scurrying to extract their funds from the capital markets. ( read original story ...)
China Stock Rout May Worsen, Analysts Warn No End in Sight Yet
Chinese stocks are on the cusp of sinking into a bear market, and analysts expect losses to deepen as concern over China’s economy, yuan weakness and a trade feud with the U.S. continue to rattle investors. The Shanghai Composite Index was down 0.6 ... ( read original story ...)
ComplianceAsia opens Shanghai office on high demand
People visit the Bund in front of Shanghai's financial district of Pudong in Shanghai ... in China following the financial opening-up policies announced by the central bank in mid-April, as well as the increased quota for qualified domestic investment ... ( read original story ...)
Shanghai forging itself into global shopping hub
Shanghai has so far gathered a number of high-end international and domestic brands. As of 2018, 55.3 percent of international retailers are doing business in the city, meaning Shanghai now ranks second in the world, with 90 percent of high-end ... ( read original story ...)
Shanghai is preparing to take the lead on AI
In fact, at the conference this year, an entire track is dedicated to AI, encouraging discussions on building a society powered by the technology as well as its applications other industries such as healthcare, lifestyle and banking. At the AWS Shanghai ... ( read original story ...)
China’s latest policy for deflating the property bubble merely buys time, instead of offering relief
Real estate is the driver of the Chinese economy ... In big cities, such as Beijing and Shanghai, yields are hovering around 1.5 per cent (compared to an average of about 3 per cent in the US and 4 per cent in Canada). Wages in China simply aren’t ... ( read original story ...)