China’s stock market reopened with a bang in early trading on economic recovery outlook. The Hang Seng Index was subdued amid concerns about new measures to contain rising Covid-19 infections. ( read original story ...)
Ping An Insurance-backed fintech unicorn Lufax files for US stock offering
Lufax Holding, the operator of one of China's biggest online wealth management platform, filed to go public in the US market, the latest Chinese company to shrug off concerns about worsening relations ... ( read original story ...)
Shanghai tops Chinese cities in consumer spending
People shop at a White Rabbit candy franchise shop at Yuyuan Garden in Shanghai, East China, on Oct 8, 2020. [Photo/Xinhua] Shanghai tops 35 major Chinese cities in consumption expenditures per capita ... ( read original story ...)
China funds targeting Ant IPO rake in $9 billion from over 10 million investors
Five newly launched Chinese funds targeting Ant Group's upcoming mega stock listing raised 60 billion yuan ($8.93 billion) cumulatively from more than 10 million retail investors, selling out within ... ( read original story ...)
Chinese funds targeting Ant IPO draw $9B from millions of retail investors
Five new Chinese funds targeting the giant upcoming IPO of Ant Group (NYSE:BABA) sold out in days and have cumulatively raised 60B yuan - about $8.93B - from more than 10M retail investors. ( read original story ...)
Asia trades generally flat, Shanghai rises following 8-day break
Asia Market Update: Asia trades generally flat, Shanghai rises following 8-day break; CNH supported by stronger than expected yuan fix; US equity FUTs extend gains. - (AU) RBA Financial Stability ... ( read original story ...)
China’s industrial internet sees rapid growth with 5G technology
This is a scene at an experimental base for numerical control equipment and smart manufacturing technology of Shanghai SmartState Technology Co., Ltd. A single sensor generates several megabytes of ... ( read original story ...)