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Ascentage Pharma is the latest mainland biotech company to choose Hong Kong for IPO
Hong Kong also faces rising competition from Shanghai. WuXi AppTec, the leading mainland biotech company that privatised in New York two years ago, has been given the green light to relist on the A-share market through an IPO in Shanghai, just seven weeks ... ( read original story ...)
RPT-EXPLAINER-Shanghai crude futures complete globalization of oil markets
Asia so far has lacked a financial instrument despite its position as the world’s biggest and fastest-growing oil consumer. Previous attempts to establish one have been made in Singapore, Japan and Dubai, but have not been widely taken up. Shanghai crude ... ( read original story ...)
China’s leaders approve new asset management rules, financial court
BEIJING (Reuters) - Chinese President Xi Jinping and other top officials have approved new regulations for the country’s asset management sector, the establishment of a financial court in Shanghai and plans to deepen reform. The state news agency Xinhua ... ( read original story ...)
Shanghai Electric submits fresh acquisition intention
KARACHI: China’s Shanghai Electric Power Company has made a fresh announcement ... On the contrary, K-Electric continues to demand a higher tariff to have financial space to initiate some unannounced (need-based) projects in those seven years. ( read original story ...)
China Consumer Loan Giant Ant Financial Threatened by Debt Slump
“Ant Financial’s golden days of taking advantage of easy money from the debt market probably won’t return anytime soon,” said Yang Junmin, an analyst at internet finance research firm Shanghai Yingxun Technology Co. in Shanghai. “The declining ... ( read original story ...)
Shanghai Shines Again As A Future Top Tech Hub While New York Edges Up As Rival to Silicon Valley
For the past couple of years, China has been gaining on the U.S. for tech innovation leadership but this year’s report shows a solid vote for the U.S. The KPMG survey of nearly 800 technology industry ... a rich-poor divide), Shanghai again comes out ... ( read original story ...)