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Month: June 2021

Posted on 09/06/2021

Daily Markets: Equity Indices Tread Water Amid Meme Stock Rotation

Equity indices in Asia finished trading today mostly lower with South Korea’s Kospi down roughly 1%, Japan’s Nikkei down 0.4%, and Hong Kong Hang Seng slipping 0.1% while China’s Shanghai Index rose 0 ... ( read original story ...)

Posted on 09/06/2021

China’s tech workers pushed to limits by surveillance software

Most of his hours were spent on a piece of surveillance software called DiSanZhiYan, or "Third Eye." The system was installed on the laptop of every colleague at his company to track their screens in ... ( read original story ...)

Posted on 09/06/2021

Shanghai Composite Index Rose 0.32% on Wednesday

China’s benchmark Shanghai Composite Index gained 0.32% on Wednesday, while the Shenzhen Component Index closed nearly flat. Shanghai’s tech-heavy STAR 50 Index gained 0.58% f ... ( read original story ...)

Posted on 09/06/2021

Chinese grocery app Dingdong Maicai targets $500 mln in U.S. IPO -sources

Chinese grocery app Dingdong Maicai, backed by investors including Sequoia Capital and Tiger Global Management, aims to raise around $500 million in its U.S. IPO to compete in a crowded sector, three ... ( read original story ...)

Posted on 09/06/2021

U.S. investment ban only strengthens China’s financial centers: RT news

Tourists admire the skyline view of Lujiazui area at the Bund in Shanghai, east China, Jan. 6, 2020. (Xinhua/Wang Xiang) If Chinese companies need big capital inflows, they have two safe bets to ... ( read original story ...)

Posted on 09/06/2021

Shanghai enforces strict law against indissoluble plastics

A bakery in Shanghai's suburban Minhang district was recently penalized for its use of indissoluble plastic straws, becoming the first case of the city's strict enforcement of last year's amended Law ... ( read original story ...)

Posted on 09/06/2021

China to reform bank deposit rates pricing regime, set new ceilings

China plans to reform the way banks calculate deposit rates, setting new ceilings of up to 75 basis points above the benchmark rate for some lenders, sources said. ( read original story ...)

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