Shares of Chinese banks and developers tumbled on Monday after regulators made an unprecedented move to cap loans for the real estate sector, the latest effort to snuff out systemic risks. ( read original story ...)
China stocks extend rally on growth hopes
China stocks kicked off 2021 on a firm note on Monday, after a survey pointing to a continued recovery in the world’s second-largest economy bolstered investor sentiment. ** The CSI300 index rose 1.2% ... ( read original story ...)
Shanghai medical workers can raise alarms
Medical workers are entitled to report suspected cases of new types of contagions to the local health authority, and those who raise false alarms due to errors of judgment will be exempted from legal ... ( read original story ...)
Nongfu Spring, Blue Moon and Smoore – popular IPOs that provided outsized gains to investors in 2020
The success of Nongfu’s IPO turned its founder into China’s richest individual, while the chairwoman of Blue Moon became one of the mainland’s richest women. ( read original story ...)
China’s stock market rally masks shaky pillars amid earnings downgrades, price cuts and policy headwinds
China’s stock market may be powering into the new year on shaky foundation as analysts downgrade earnings and Beijing dials back policy support, according to some fund managers. ( read original story ...)
China’s Banking and Insurance Regulatory Commission Orders All Local Firms to Investigate their Fintech Businesses
China's Banking and Insurance Regulatory Commission orders all local firms to investigate their Fintech businesses. ( read original story ...)
China focuses on building a stronger financial system to support the real economy
Compared with the progress and status of China's economy and trade, its financial system seems to be much less impressive and powerful. Many analysts regard it as a major vulnerability in China's ... ( read original story ...)