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Month: February 2024

Posted on 03/02/2024

China Stock Rout Continues: Worst Week In 5 Years For Shanghai Index

China stocks slumped again; the Shanghai Composite had its worst week in five years. Growth has slowed rapidly from the "tiger economy" years. ( read original story ...)

Posted on 03/02/2024

ICBC chairman Chen Siqing resigns as Chinese banking industry undergoes leadership reshuffle

The world’s third-largest lender by market capitalisation has announced a key change at the top, the latest in a slew of leadership reshuffles in the country’s banking sector this year. ( read original story ...)

Posted on 02/02/2024

Shanghai firm behind G60 megaconstellation raises $943 million

Shanghai firm behind G60 megaconstellation raises $943 million Shanghai Spacecom Satellite Technology has raised 6.7 billion yuan ($943 million) for the construction of its G60 low Earth orbit ... ( read original story ...)

Posted on 02/02/2024

Stock market today: Global shares mostly rise, as wild swings hit Shanghai trading

Global shares are mostly higher, helped by optimism about technology shares. But Shanghai's benchmark saw wild swings on worries over the economic outlook and other risks. European shares opened ... ( read original story ...)

Posted on 02/02/2024

China’s WuXi AppTec, Wuxi Biologics plunge to multi-year lows on fears over US biotech bill

Shares of WuXi AppTec Co Ltd and WuXi Biologics (Cayman) tumbled on Friday as investor fears grew over a U.S. draft bill targeting Chinese biotech giants. Wuxi AppTec plunged 21.2% on Friday, hitting ... ( read original story ...)

Posted on 02/02/2024

Shanghai to Step Up Oversight of Market Value Management at Listed SOEs

(Yicai) Feb. 2 -- Shanghai will promote the market value management of state-owned listed companies as part of its ongoing reforms of state-owned enterprises, so as to enhance supervision and improve ... ( read original story ...)

Posted on 02/02/2024

Shanghai makes great strides in improving business environment

The local administration for market regulation introduced 43 sets of policies and measures last year to further optimize Shanghai's business environment. Many first attempts highlighted Shanghai's ... ( read original story ...)

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