SWIFT, the global system for financial messaging and cross-border payments, has set up a joint venture with the Chinese central bank's digital currency research institute and clearing centre, in a ... ( read original story ...)
China stocks fall on fresh liquidity concerns, Hong Kong dragged by tech shares
At the midday break, the Shanghai Composite index was down 1.02 per cent at 3,481.45 points, while China's blue-chip CSI300 index was down 0.81 per cent. ( read original story ...)
Top consumption driver Shanghai records strongest growth
Shanghai witnessed the strongest consumption capacity across the country in 2020. The city's retail sales of consumer goods rose 0.5 percent to 1.59 trillion yuan, topping the 1.5 trillion yuan mark ... ( read original story ...)
Shanghai reports 3 new confirmed COVID-19 cases
Provided by Xinhua A robot conducts disinfection process at Shanghai Hongqiao Station in east China Shanghai Feb 3 2021 Railway stations in Sha ... ( read original story ...)
Chinese IPOs underpriced by up to $200bn due to valuation limits
Initial public offerings in China have undervalued companies by up to $200bn over the past six years, academic research indicates, reflecting a struggle to price listings in the world’s second-biggest ... ( read original story ...)
Yum China: 4Q Earnings Snapshot
Yum China Holdings Inc. (YUMC) on Wednesday reported fourth-quarter earnings of $151 million. The Shanghai-based company said it had profit of 35 cents per share. The restaurant operator in China ... ( read original story ...)
Asia-Pacific Shares Mostly Higher; Slow China Services Sector Growth Caps Shanghai Index
The major Asia-Pacific stock indexes finished mixed but mostly higher on Wednesday after a majority of regional investors followed Wall Street’s positive lead. The lone loser was China which fell as a ... ( read original story ...)