SHANGHAI: Swiss Re Group, with its strong position in insurance, reinsurance and insurance-based risk transfer, has vowed to use its expertise to support Shanghai in achieving higher goals as an ... ( read original story ...)
Shanghai Man: Blockchain Week with Vitalik still happening, ‘Bitcoin’ searches on WeChat hit 26M in a day
Despite China's crypto crackdown, Vitalik, Sergey, and Yat Siu will make an appearance at Blockchain Week in Shanghai. CeFi volumes slump for one of China's largest players but searches for 'Bitcoin' ... ( read original story ...)
Beike Zhaofang, China’s biggest online property agency, axes staff as housing sector heads into a bleak winter
US-listed Beike Zhaofang has been laying off staff as a downturn in China’s property industry dents its income from sales commission fees. ( read original story ...)
Market movers: Stocks seeing action on Thursday – and why
(RCI.B-T) rose on Thursday despite reporting third-quarter revenue on Thursday that missed analysts’ estimates as the pandemic continues to dampen growth at its ads and wireless businesses. Alexandra ... ( read original story ...)
China Evergrande secures bond extension as property sector turmoil deepens
China Evergrande Group has secured more time to pay a defaulted bond, financial provider REDD reported on Thursday, offering rare respite to the developer even as a debt crisis in the broader property ... ( read original story ...)
Chinese Millionaire Withdraws Huge Sum And Makes Bank Staff Count It Out
A Chinese millionaire has withdrawn five million Yuan from his bank and ordered the staff to count it out note by note after he got into a disagreement with them. He then said that he'd be back to ... ( read original story ...)
Chinese property firm Kaisa slumps after rival dumps bonds
Chinese property firm Kaisa Group saw its bonds slump heavily on Thursday as worries about its fate were fanned when a local rival dumped nearly $30 million worth of its bonds. Kaisa was the first ... ( read original story ...)