Shanghai on Tuesday appointed Gong Zheng as the city’s new mayor, who faces the challenge of reviving the city’s coronavirus-hit economy.The 60-year-old from Jiangsu was confirmed by the city’s ... ( read original story ...)
Shanghai’s Star Board, One Year on
Shanghai’s Star board is a year old today. Its creation was part of President Xi’s market reforms and it’s turning out to be a prescient move as China’s tech giants increasingly choose to sell shares ... ( read original story ...)
China’s Chipmaker Mania Grows With Cambricon Surging 350% on Debut
Chinese chipmakers have surged in the past year, boosted by Beijing’s support for self-sufficiency in semiconductors and as adoption of 5G and artificial intelligence prove resilient amid the pandemic ... ( read original story ...)
Asia markets to open lower on pandemic worries, shrugging off US equities upswing
following an outbreak of the novel coronavirus disease (COVID-19), on The Bund in Shanghai, China March 18, 2020. REUTERS/Aly Song/File Photo NEW YORK: Asia shares were set to open lower on Wednesday ... ( read original story ...)
Xi’s Radical Stock Market Reforms Shield China Firms From U.S
A plan by President Xi Jinping hatched in late 2018 to liberalize China’s constrained stock market and prevent home-grown tech firms from flocking to New York is turning out to be a prescient move. ( read original story ...)
Markets end higher for fifth straight session; Sensex, Nifty surge 1.3% each
Power Grid, HDFC, ICICI Bank, Maruti among top gainers on Sensex.On the Nifty, 32 stocks advanced, while the rest declined ... ( read original story ...)
Alibaba’s Ant Group plans Shanghai, Hong Kong IPOs
Alibaba Group has kicked off IPO proceedings for its mobile payment business, Ant Group, in Hong Kong and Shanghai, where it reportedly is eyeing a $200 billion valuation. The listings are touted, ... ( read original story ...)