More than 5 million individual investors lined up for the Shanghai segment of financial-technology giant Ant’s IPO, placing orders that exceeded the shares reserved for small investors more than 870 ... ( read original story ...)
China Stock Market May Hand Back Tuesday’s Gains
The China stock market on Tuesday snapped the four-day slide in which it had stumbled more than 75 points or 2.5 percent. The Shanghai Composite Index now sits just beneath the 3,255-point plateau ... ( read original story ...)
Jack Ma’s Ant IPO Lures $3 Trillion of Bids in Retail Frenzy
The biggest initial public offering of all time has unleashed an investor frenzy for the record books.Individual investors in Hong Kong and Shanghai placed orders worth at least $3 trillion for shares ... ( read original story ...)
China’s Alibaba And Ant Group Billionaire Jack Ma Calls For Radical U.S. Banking Overhaul
Ma has warned new "digital currencies," such as bitcoin and China's digital yuan, could be used to establish a new type of banking and financial system—and called for an overhaul of U.S.-led banking ... ( read original story ...)
China Construction Bank posts 4.1% fall in third-quarter profit
BEIJING/SHANGHAI, Oct 29 (Reuters) - China Construction Bank Corp, the country’s second-biggest lender by assets, reported a 4.1% fall in third-quarter net profit on Thursday after setting aside more ... ( read original story ...)
The Biggest IPO in World History Is Stoking an Investor Frenzy
I was lucky.” Ant may not be a household name in most of the world, but the Chinese fintech behemoth controlled by Jack Ma has set off an investor frenzy for the history books. Brokers in Hong Kong ... ( read original story ...)
China’s Alibaba And Ant Group Billionaire Jack Ma Calls For Radial U.S. Banking Overhaul
Ma has warned new "digital currencies," such as bitcoin and China's digital yuan, could be used to establish a new type of banking and financial system—and called for an overhaul of U.S.-led banking ... ( read original story ...)