The electric-car boom has turned battery maker Contemporary Amperex Technology into China’s eighth largest stock by market value, surpassing Bank of China, Midea Group and PetroChina. ( read original story ...)
Biotech IPOs Cullinan and Gracell Surge on Trading Debuts
The highflying IPO market got off to a strong start Friday with shares of two biotechnology companies—Cullinan Management and Gracell Biotechnologies—making rousing debuts. Cullinan rose 42.43% in its ... ( read original story ...)
China to maintain stable macro leverage ratio: central bank
China will keep the macro leverage ratio basically stable in 2021, the country's central bank governor has said. The COVID-19 blow to the Chinese economy led to a hike in the ratio of the country's ... ( read original story ...)
Shanghai underlines efficiency, quality at SOEs
China's Central Committee for Deepening Overall Reform had reviewed and approved the three-year (2020-22) action plan for SOEs in late June. On Dec 10, Shanghai's municipal government released its own ... ( read original story ...)
Profit Taking Anticipated For China Stock Market
The China stock market has climbed higher in six straight session, gathering more than 200 points or 3 percent in that span. The Shanghai Composite Index now rests just above the 3,575-point plateau ... ( read original story ...)
Jack Ma’s Ant IPO Tests China’s Tolerance of Entrepreneurship
That attention has been heightened due to one of the superstars of China's growth story, Jack Ma, seemingly finding himself the target of China's ruling party. Ma has been largely absent after pulling ... ( read original story ...)
China’s fintech platforms face increased scrutiny amid broader regulatory efforts to rein in financial risks
Fresh comments by People’s Bank of China are the latest example of how Beijing’s increasing focus on financial security is reshaping the world’s second-largest economy and second-largest capital ... ( read original story ...)