Market participants found some solace after Beijing said ... Shenzhen Kingdom SCI-Tech Co Ltd , which closed down 10.04 per cent. So far this year, the Shanghai stock index is down 13 per cent, the CSI300 has fallen 10.9 per cent, while China's H-share ... ( read original story ...)
China central bank expects banking system liquidity to rise further from current level
SHANGHAI (Reuters) - China’s central bank said on Thursday that it expects liquidity in the banking system to increase further from current levels. The remarks were made by the People’s Bank of China (PBOC) after it injected 100 billion yuan ($15.43 ... ( read original story ...)
China’s 14-day money rates jump but contained by c.bank injections
SHANGHAI, June 22 (Reuters ... The surge was fuelled by hunger for cash among financial institutions ahead of tax payments and a quarterly central bank health check. Cooling things down were net liquidity injections through open market operations ... ( read original story ...)
Xiaomi is looking to raise up to $6.1 billion in Hong Kong IPO
After postponing Shanghai IPO, Xiaomi today confirmed that it will list in Hong Kong first offering a total of 2,179,585,000 Shares (subject to the Over-allotment Option), comprising initially 108,980,000 Hong Kong Offer Shares (subject to adjustment ... ( read original story ...)
Xiaomi some of the money: Smartphone giant scales back IPO
In what is one of the hottest initial public offerings (IPOs) of 2018, Xiaomi is going to float on the Hong Kong Stock exchange to raise $6bn but has postponed plans to list in Shanghai in what may have reaped it $10bn in investment. This will still be one ... ( read original story ...)
Think Next: Microsoft for Startups China Enables Chinese Innovations to “Go Global” and Overseas Innovations to “Go China”
SHANGHAI- Microsoft ScaleUp Shanghai today hosted the Think Next demo day for its third cohort of startup companies. 14 entrepreneurial teams shared their innovative achievements in areas of artificial intelligence, cloud computing, big data, Internet of ... ( read original story ...)
Shanghai finance sector poised for more opening-up
Local administrators in Shanghai said they are planning to roll out more projects responding to the central government's financial opening-up policies later this year, especially in the China (Shanghai) Pilot Free Trade Zone. The new projects follow 23 ... ( read original story ...)