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Month: December 2020

Posted on 28/12/2020

China Stock Market May Test Resistance At 3,400 Points

(RTTNews) - The China stock market has alternated between positive and negative finishes through the last seven trading days since the end of the two-day slide in which it had eased just two points. ( read original story ...)

Posted on 28/12/2020

Ant trapped? China pushes fintech giant to overhaul its business

Move is part of Beijing’s clampdown on technology firms that have come to dominate e-commerce and financial services. ( read original story ...)

Posted on 28/12/2020

China highly criticizes Ant Group, tells company to switch back to its mainstay payments business

Chinese financial regulators moved to rein in Ant Group Co., the financial-technology giant controlled by billionaire Jack Ma, telling it to switch its focus back to its mainstay payments business and ... ( read original story ...)

Posted on 28/12/2020

METALS-Shanghai metals rise as Trump signs stimulus bill

Prices of most industrial metals rose on Monday, after U.S. President Donald Trump signed a stimulus package that would support the world's biggest economy and boost demand for metals. ( read original story ...)

Posted on 28/12/2020

SMM Morning Comments (Dec 28): Shanghai base metals were mostly higher as data shows China’s industrial profits rose in November

Shanghai base metals advanced for the most part on Monday morning as data showed that China’s industrial profits rose in November. Profits at Chinese industrial firms in November rose 15.5% as ... ( read original story ...)

Posted on 28/12/2020

China orders Ant Group to clean up its business practices, comply with regulations

Chinese regulators have ordered Ant Group, the world’s largest financial technology company, to rectify its businesses and comply with ... ( read original story ...)

Posted on 28/12/2020

China Tells Ant Group to Refocus on Its Payments Business — Update

Chinese financial regulators moved to rein in Ant Group Co., the financial-technology giant controlled by billionaire Jack Ma, telling it to switch its focus back to its mainstay payments business and ... ( read original story ...)

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