One of the key investment banks responsible for Ant Group Co.’s initial public offering soared on its own trading debut in Shanghai. ( read original story ...)
JPMorgan takes 71% in China securities business
JPMorgan will own 71% of its Chinese securities joint venture after completing the transaction to buy a 20% stake from one of its local partners, according to an exchange filing on Monday. The deal, ... ( read original story ...)
China’s CNOOC and Sinopec issue first LNG tenders on Shanghai gas exchange
China National Offshore Oil Corp (CNOOC) SASACY.UL and Sinopec Corp issued the first tenders to buy liquefied natural gas on the Shanghai Petroleum and Natural Gas Exchange when the bourse launched ... ( read original story ...)
METALS-Shanghai copper hits 1-month low as U.S. election, virus spark caution
Shanghai copper on Monday hit its lowest in more than a month, while London prices fell to a level unseen in more than two weeks, as caution grew amid rising coronavirus cases and on uncertainty ahead ... ( read original story ...)
Huawei reportedly bets on Shanghai chip plant to overcome US trade ban
Financial Times sources claim Huawei is planning a dedicated chip factory in Shanghai that would make parts for its core telecom infrastructure business. It would be run by a partner, the city-backed ... ( read original story ...)
Shanghai’s global hub ambitions take a hit as high-tech rival Shenzhen’s new-found autonomy threatens to put it in the shadows
Shanghai’s efforts to build itself into an international financial hub suffered a blow when Beijing granted greater autonomy to Shenzhen, according to analysts. ( read original story ...)
Shanghai could be the world’s biggest IPO market this year. Holding the title will be tough
Shanghai is on track to steal the global IPO crown this year, bolstering a drive by Beijing to reduce its reliance on foreign financial markets and giving China a powerful one-two fundraising punch ... ( read original story ...)