Shanghai's stock market hit a 3.5-year high, driven by hopes for a US-China trade deal. The gains were led by defense and coal sectors. ( read original story ...)
HSBC to keep the highest yield among Greater China region’s banks, JPMorgan analysts say
The 160-year-old bank, which traces its roots to Hong Kong and Shanghai, is likely to return between 9 per cent and 11 per cent to shareholders in 2025, says JPMorgan. ( read original story ...)
Visa, Airport Authority Hong Kong and Shanghai Commercial Bank pilot smart working capital solution to digitise supply chain finance in Hong Kong
Visa, a world leader in digital payments, has joined forces with Airport Authority Hong Kong (AAHK) and Shanghai Commercial Bank to launch an industry-first pilot aimed at transforming B2B ... ( read original story ...)
Shanghai Stocks Close at Highest Since Late 2021 on Hopes for Sino-US Trade Deal
** At the close, the Shanghai Composite index was up 0.45% at 3,633.99 points, marking the third straight session of gains, and booking the highest close since December 31, 2021. Meanwhile, the ... ( read original story ...)
Ant Digital Unveils Financial AI Model as China’s LLM Race Reaches Banking Sector
Ant Digital’s financial AI ambitions reflect a broader shift among Chinese tech firms towards domain-specific LLMs. With foundational models reaching diminishing returns in general capabilities, ... ( read original story ...)
Sunwoda Taps Hong Kong IPO for Funding to Survive China’s Brutal EV Battery Price War
One such player hoping to survive the shakeout is Sunwoda Electronic Co. Ltd., which aims to tap global investors for cash with a planned IPO. Last week the company filed a preliminary prospectus for ... ( read original story ...)
China’s BrainCo Seeks Pre-IPO Funding at $1.3 Billion Valuation
AsianFin -- BrainCo, a Chinese brain-computer interface (BCI) startup aiming to rival Elon Musk’s Neuralink, is in talks to raise about $100 million in pre-IPO funding at a valuation exceeding $1.3 ... ( read original story ...)