The default of a Chinese coal miner has triggered mounting concern over the health of state-owned firms and their lenders. ( read original story ...)
China’s Stock Markets Flopped at Opening Amid Weak Mood
Chinese stock markets opened lower as investors were cautious and uncertain about the future. The Shanghai Composite Index started off at 3,327.23, down 0.34 percent, while the Shenzhen Component ... ( read original story ...)
Chinese President Xi personally halted $37bn Ant IPO: Report
Ant’s IPO was halted after its co-founder made a speech at odds with the Chinese government’s handling of the economy. ( read original story ...)
China Market Update: Tencent & Pinduoduo’s Q3 Results Beat Estimates
Travel between the two will be permitted starting November 22nd without the need to quarantine in either city, though travel will be limited to 200 people per day in either direction. ( read original story ...)
Pinduoduo Announces Third Quarter 2020 Unaudited Financial Results
(GLOBE NEWSWIRE) -- Pinduoduo Inc. (“Pinduoduo” or the “Company”) (NASDAQ: PDD), an innovative and fast growing technology platform and one of the leading Chinese e-commerce players, today announced ... ( read original story ...)
Latest IPO Rejection Shows China Getting Tougher on Share Sales
Just over a week since the Shanghai Stock Exchange’s stunning suspension of Ant Group Co.’s blockbuster listing, its rival in Shenzhen turned down another hopeful for the first time since new rules ... ( read original story ...)
Shanghai overnight interbank rate jumps to 10-month high
The Shanghai Interbank Offered Rate (SHIBOR) for the overnight tenor rose to 2.521% on Thursday, the highest since Jan. 17. ( read original story ...)