Mainland Chinese stocks have gone from world beaters to a wreck in a space of two months. Lofty valuations and policy risks abound. Speculation on state intervention or bailout could follow, given ... ( read original story ...)
SMM Morning Comments (Mar 12): Shanghai base metals were mostly higher following US stocks climbing to record highs overnight
Shanghai base metals were mostly higher on Thursday morning. Meanwhile, their counterparts on the LME rose across the board as ECB vows to ramp up bond buying. SHANGHAI, Mar 12 (SMM) — Shanghai base ... ( read original story ...)
Cango Inc. Reports Fourth Quarter and Full Year 2020 Unaudited Financial Results
Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading automotive transaction service platform in China, today announced its unaudited financial results for the fourth quarter and full year of ... ( read original story ...)
Ant Group-backed bike-rental app Hello Inc files for US IPO
Hello Inc's filing shows that the sector's few remaining players now seek sustainable growth after reckless expansion in earlier years. ( read original story ...)
Asia-Pacific markets mostly advanced as Chinese and South Korean shares led gains
Overnight in the U.S., the passing of the new stimulus package spurred investors to snap up stocks that will benefit from a faster recovery from the pandemic. ( read original story ...)
In Shanghai, Chinese Troops Would Rather Die Than Let Japan Win
The Chinese flatly refused to withdraw the men. Madame Chiang Kai-shek, American-educated and a power within the Chinese government, said coolly, “They must die that China can live.” The “victory or ... ( read original story ...)
China Stock Market Has Green Light For Thursday
The China stock market has ended lower in five straight sessions, surrendering more than 210 points or 6.3 percent in that span. The Shanghai Composite index now sits just beneath the 3,360-point ... ( read original story ...)