Ant Group announced the suspension of its blockbuster IPO in both Shanghai and Hong Kong, resulting in an 8.1 percent plunge on Tuesday. ( read original story ...)
China’s dramatic suspension of Ant listing to hurt business outlook, valuation
China's shock suspension of Ant Group's record $37 billion listing in a last-minute regulatory ambush looks set to hit the financial technology giant's growth prospects and cut into its valuation. The ... ( read original story ...)
Shanghai exchange halts Ant Group’s IPO
Ant Group challenged China's state-dominated banking system by delivering easy-to-use payments, borrowing and investing to hundreds of millions of smartphones across the country. On Tuesday, Chinese ... ( read original story ...)
Shanghai to begin cross-border renminbi trial programmes
Pilot programmes to promote the international use of the renminbi, the Chinese currency, and encourage more flexible cross-border capital flows are set to be piloted in Shanghai, a former senior ... ( read original story ...)
Cross-border RMB trials in Shanghai
"Some significant new policies, especially those related to trials of promoting the internationalization of renminbi, are likely to be introduced in Shanghai," said Tu Guangshao, former executive vice ... ( read original story ...)
China Stock Market Expected To Add To Its Winnings
(RTTNews) - The China stock market has moved higher in back-to-back trading days, advancing almost 50 points or 1.5 percent along the way. The Shanghai Composite Index now sits just above the ... ( read original story ...)
Was the Ant Financial IPO Delayed by a Regulatory Clampdown?
Chinese regulators and executives of Ant Financial have issued a joint statement announcing a temporary delay in the Chinese fintech giant's ... ( read original story ...)