China's Baoshang Bank said that it would write down the principal of a 6.5 billion yuan ($984.27 million) tier-two capital bond, nearly a year and a half after the bank's seizure by regulators. ( read original story ...)
China regulator says financial innovation must not create oligopolies
China should ensure financial innovation maintains fair competition and does not create oligopolies or construct barriers to entry, a Chinese regulatory official said Saturday. Xiao Yuanqi, chief risk ... ( read original story ...)
Leading Autonomous Truck Startup Inceptio Technology Completed a New Capital Raising of US$120 Million
On November 9, 2020, Inceptio Technology, a leading autonomous truck company, announced its US$120 million funding led by Contemporary Amperex Technology Co., Limited (CATL), ... ( read original story ...)
Dealers Spent Weeks in Isolation to Participate in Shanghai’s Art Week, the First Major In-Person Event Since Lockdown. Was It Worth It?
After nearly eight months of lockdown and travel restrictions that led to the cancellation of almost every major art fair around the globe, Shanghai’s art week made the bold decision to forge ahead ... ( read original story ...)
5G users to account for 20% of China’s mobile base by June 2021: Huawei
Large cities including capital Beijing and Shenzhen already enjoy full 5G coverage and 5G deployments are also accelerating in Shanghai ... ( read original story ...)
Is Production Volume at Tesla’s Shanghai Factory Surging?
Late last month, there were reports that Tesla ( NASDAQ:TSLA) was beginning to export vehicles from its factory in Shanghai to the European market. The news suggested that either demand was suffering ... ( read original story ...)
Hillhouse Says It Has No Interest to Take Soho China Private
Hillhouse Capital Management said it has no interest in taking Soho China Ltd. private. The Chinese property developer’s stock pared gains. ( read original story ...)