The rapid rise of its Star Market has hoisted Shanghai Stock Exchange’s total market value above Japan’s Tokyo Stock Exchange this year for the first time to make it the world’s third-largest bourse ... ( read original story ...)
BRICS bank loans members billions to fight COVID-19
The BRICS New Development Bank announced on Thursday that it approved 6 billion U.S. dollars of emergency assistance program loans to help its member countries fight the COVID-19 pandemic. Two latest ... ( read original story ...)
Construction of New Development Bank HQ completed
The New Development Bank announced on Thursday the construction of its headquarters in Shanghai's Pudong New Area has been completed. The 30-story building, which began construction in September 2017, ... ( read original story ...)
China’s Stock Markets End Day Higher With Booming Brokerage Shares
Chinese stock markets closed sharply higher today while financial firms' shares surged by 2.7 percent. The Shanghai Composite Index ended at 3,404.87, up 1.13 percent. The Star 50 Index, which tracks ... ( read original story ...)
China’s Stock Exchanges leads Global IPO Funding in 2020
The New York Stock Exchange is expected to be in fourth spot with $32.2bn raised in IPO listings in 2020, followed by Shenzhen Stock Exchange with $18.5bn raised in IPO listings in 2020. ( read original story ...)
Alibaba’s Ant Says ‘Looking Into The Mirror’ After IPO Fallout
The recent public utterances of the executives are markedly different from Ma’s criticism of the country’s regulators and bankers at a Shanghai event prior to the Ant Group IPO. This week, the Chinese ... ( read original story ...)
Ant Conducting ‘Self-Review’ After $35 Billion IPO Collapses
The company is “looking into the mirror, finding out our shortcomings, and conducting a body check-up,” Jing said in a speech at the 4th China Internet Finance Forum on Tuesday. Ant is striving to ... ( read original story ...)