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Category: FINANCE

Posted on 27/02/2024

Stock market today: Wall Street edges back from its record heights

Asian shares retreated on Tuesday after U.S. stocks edged back from their record heights. Most regional markets fell, while Shanghai advanced. U.S. futures and oil prices were little changed. Traders ... ( read original story ...)

Posted on 27/02/2024

Collective opening ceremony for three world-leading financial institutions held in Shanghai

Three world-leading international financial institutions' Shanghai operations, including AllianceBernstein Fund Management Co Ltd, Amundi Fintech (Shanghai) Company Limited, and KKR Investment ... ( read original story ...)

Posted on 27/02/2024

Zhida, a Chinese maker of EV charging systems, is weighing US$128 million Hong Kong IPO this year, source says

Shanghai Zhida Technology Development, which makes electric-vehicle charging systems, is working with Shenwan Hongyuan on an IPO, source says. Its systems are used by 70 car brands in China. ( read original story ...)

Posted on 27/02/2024

China’s Zhida Weighing HK$1 Billion Hong Kong IPO This Year, Sources Say

Shanghai Zhida Technology Development Co., a maker of electric-vehicle charging systems, is considering an initial public offering in Hong Kong that could raise about HK$1 billion ($128 million), ... ( read original story ...)

Posted on 27/02/2024

China Stock Market Likely To Open Under Pressure On Tuesday

(RTTNews) - The China stock market on Monday ended the eight-day winning streak in which it had surged more than 300 points or 10.9 percent. The Shanghai Composite Index now rests just above the 2,975 ... ( read original story ...)

Posted on 26/02/2024

Chinese companies axe IPO plans amid listing scrutiny

Early this month, the CSRC fined Shanghai-based semiconductor company S2C Ltd for fraud in its listing application, even though the firm's IPO plan was cancelled in July 2022. "This means that the ... ( read original story ...)

Posted on 26/02/2024

47 companies pull plans for IPOs in China as securities watchdog tightens scrutiny to restore confidence

China’s new share sales, which once dominated the global IPO market going by proceeds, already slowed late last year when regulators started a phased restriction on IPOs to promote a “dynamic equilibr ... ( read original story ...)

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