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Month: July 2020

Posted on 07/07/2020

China’s Shenzhen rises nearly 2% as mainland stocks build on Monday momentum

Stocks in mainland China continued to lead gains among the region's major markets for a second day after Monday's blockbuster gains, with the Shenzhen component jumping 1.717% on Tuesday. ( read original story ...)

Posted on 07/07/2020

High-ranking bank official stands trial for taking bribes

Gu Guoming, the former Party secretary and president of the State-owned Industrial and Commercial Bank of China's Shanghai branch, stood trial on Tuesday for allegedly taking bribes amounting to 136 ... ( read original story ...)

Posted on 07/07/2020

Chinese stock market hits fresh five-year high as rally continues – business live

The outstanding margin debt — incurred when investors borrow to buy stock — on China’s exchanges has risen to Rmb1.16tn ($164bn), the highest level since January 2016. Surgi ... ( read original story ...)

Posted on 07/07/2020

Chinese AI start-up Cambricon to raise US$367.7 million through IPO on Shanghai’s Star Market

Cambricon, one of China’s most valuable AI chip start-ups, has set a listing price of 64.39 yuan per share on Shanghai’s Star Market. ( read original story ...)

Posted on 07/07/2020

Stock Market Today: U.S. Stocks Grab the Baton From China

A surge in Chinese equities, as well as a massive improvement in services-sector data, lifted U.S. stocks and sent the Nasdaq to new highs Monday. ( read original story ...)

Posted on 07/07/2020

Shanghai jumps nearly 2% as it builds on Monday momentum

Stocks in mainland China continued to lead gains among the region's major markets for a second day after Monday's blockbuster gains, with the Shanghai composite rising 1.81% in early trade ... ( read original story ...)

Posted on 07/07/2020

China’s Stock Market Just Entered Bubble Territory. The U.S. Could Be Next.

Those gains were paltry, however, next to China’s Shanghai Composite gained 5.7% to 3332.88, its biggest gain since July 9, 2015. The Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR), which tracks ... ( read original story ...)

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