Shanghai Financial Court, China’s first to specialize in finance cases, opened Monday as the city strives to become a global financial center. The court, at 209 Fuzhou Road, received its first case at ... ( read original story ...)
China’s top bank ICBC flags trade war risks as profits rise
SHANGHAI/BEIJING (Reuters) - Industrial and Commercial Bank of China, the world’s largest commercial bank, joined its peers in reporting higher first-half profit and a steady bad loan ratio ... ( read original story ...)
Chinese Tesla rival NIO revs up US$1.3bn IPO on NYSE
Shanghai-based electric-vehicle maker NIO Inc, which has billed itself as a potent rival to Tesla, is seeking to raise US $1.3bn in an initial public offering (IPO) and planning to list on the New Yor... ( read original story ...)
IPO market highlights depth of US-China economic ties
The event took place simultaneously in New York and Shanghai, with the action relayed live between the two venues. The IPO valued the three-year-old company at around $20 billion. Robert H. ( read original story ...)
A Chinese Tesla Rival Launches $1.3 Billion U.S. IPO
The Shanghai-headquartered company ... when the company was hoping to raise at least $2 billion in its IPO, according to an earlier report by The Wall Street Journal. NIO was incorporated in 2014 by C... ( read original story ...)
What’s Eating China’s Stock Market? Everything
Yet nothing seems to lift investors’ mood. China’s stock market remains Asia’s worst, with the benchmark Shanghai Shenzhen CSI 300 Index under-performing the S&P 500 Index by close to 30 percentage po... ( read original story ...)
China stocks at highest in 2 weeks as central bank seeks to stabilise yuan
SHANGHAI: Shares in China ended at two-week highs on Monday, lifted by a stronger yuan after a tweak in the central bank’s management of the currency boosted airline stocks and other firms with heavy ... ( read original story ...)