China Everbright Bank, Shanghai Pudong Development Bank, China Postal Savings Bank, Ping An Bank, and HSBC Bank (China), completed the network test. The platform is now in operation, and ICBC and Chin... ( read original story ...)
China Banking Association Launches Blockchain-powered Inter-bank Platform
China Everbright Bank, Shanghai Pudong Development Bank, China Postal Savings Bank, Ping An Bank, and HSBC Bank (China). The platform was successfully put into operation, and ICBC and China Merchants ... ( read original story ...)
Tesla is rallying after breaking ground on its Shanghai Gigafactory
Tesla CEO Elon Musk kicked off the construction of the electric-car maker's new $2 billion Gigafactory in Shanghai, China ... while slashing auto import tariffs for the broader market to 15% from 25%, ... ( read original story ...)
Institutional investors moving away from equities amid stock market turmoil, BlackRock survey finds
The Shanghai Composite Index fell 25 per cent in 2018 ... 40 per cent of institutional customers said they planned to cut their exposure to the stock market, while 27 per cent of European clients said ... ( read original story ...)
Tesla breaks ground on first factory outside U.S. in Shanghai
BEIJING — Tesla Inc. broke ground Monday for a factory in Shanghai, its first outside the United States. CEO Elon Musk said Monday on Twitter that the company will start production in China of ... ( read original story ...)
Start-ups hopeful as China readies Nasdaq-style tech board
SHANGHAI/HONG KONG (Reuters) - China’s ambitions for a Nasdaq-style board for start-ups have galvanized the country’s tech companies who are hopeful they can sidestep complex IPO hurdles and ... ( read original story ...)
Musk says Tesla to break ground on Shanghai factory
Elon Musk has said Tesla will break ground on its first China factory on Monday with plans to start producing its Model 3 vehicles in Shanghai by the end of the year. “Aiming to finish initial constru... ( read original story ...)