Huawei Technologies may soon lose its dominance in the global smartphone market because of tough US sanctions, but one of the company's business groups has been relatively untouched by the drama. For ... ( read original story ...)
Shares In China Developer Evergrande Tumble After Report Of Cash Crunch
China's second biggest property developer Evergrande saw its shares tumble Friday following reports claiming it was seeking government help to avoid a cash crunch, despite the firm dismissing the clai ... ( read original story ...)
Hong Kong stocks post biggest weekly drop in 6 months on renewed virus woes
CSI300 +0.2% * FTSE China A50 +0.2% Sept 25 (Reuters) - Hong Kong stocks ended lower on Friday, posting their biggest weekly drop in six months, tracking a global correction as a resurgence in ... ( read original story ...)
Chinese fintech Ant sidelines banks in distribution of funds targeting its IPO
As five Chinese mutual funds targeting Ant Group's hotly-anticipated IPO kicked off subscriptions on Friday, retail investors found the only non-direct channel through which to buy the products was ... ( read original story ...)
China’s piggy bank, the National Social Security Fund, set to be among Ant Group’s top IPO investors
China is keen for its pension funds to make savvy investments to help shoulder the burden of providing for its rapidly ageing population in their retirement years. ( read original story ...)
London has almost caught up with New York as the world’s number 1 financial centre, survey finds
The Global Financial Centres Index 28 shows London lags New York as the world's biggest financial center by only four ratings. ( read original story ...)
Hong Kong’s Hang Seng Index posts biggest weekly decline since March on growth and pandemic concerns
Hong Kong’s stocks posted the biggest weekly loss in six months, as concerns persisted that a global recovery will falter amid the lack of a fresh stimulus package in the US and a spike in coronavirus ... ( read original story ...)