The filing was reported earlier by Shanghai Securities News. Shein has become popular thanks to its trendy clothing at ultra-low prices. The company has been hoping for a valuation of as much as US$90 ... ( read original story ...)
Shein files confidentially for US IPO
FAST-FASHION retailer Shein has filed confidentially with US regulators for an initial public offering that could take place next year, according to a person familiar with the matter. Read more at The ... ( read original story ...)
China’s central bank boosts liquidity to rein in short-term rates
The People's Bank of China, the nation's central bank, routinely intervenes to calibrate demand and supply in the money market. It does so mainly through daily reverse repo operations, as well as ... ( read original story ...)
China investors face tens of billions in losses over shadow bank Zhongzhi
More than three quarters of investor cash would be lost, according to one scenario. Read more at straitstimes.com. ( read original story ...)
Stock market today: Asian shares mostly decline, as investors watch spending, inflation
Asian shares retreated Monday as investors awaited updates on consumer spending and inflation in the U.S. and other nations. Japan’s benchmark Nikkei 225 dipped 0.4% in morning trading to 33,479.71 ... ( read original story ...)
Should You Pick Medtronic Stock At $80 After An Upbeat Q2?
Medtronic (NYSE: MDT) recently reported its Q2 fiscal 2024 results (fiscal ends in April), with revenues and earnings beating our estimates, and we believe that MDT ... ( read original story ...)
China an important market for global IPO activity
It said the Shanghai and Shenzhen stock exchanges are expected to rank top 2 global bourses by IPO proceeds this year. As of November, four IPOs from the A-share market were among the global top ten ... ( read original story ...)