Hyzon Motors, which went public a year ago in a merger with a blank check shell company, is the latest electrification startup in trouble. ( read original story ...)
Lufax Reports Second Quarter 2022 Financial Results
Lufax Holding Ltd (“Lufax” or the “Company”) (NYSE: LU), a leading technology-empowered personal financial services platform in China, today announced its unaudited financial results for the second ... ( read original story ...)
China Stock Market Tipped To Find Traction On Thursday
The China stock market has finished lower in two straight sessions, sinking almost 100 points or 3 percent along the way. The Shanghai Composite Index now sits just beneath the 3,165-point plateau ... ( read original story ...)
Exclusive: BRICS-led bank plans US dollar bond to downplay Russia ties
A downgrade by the Fitch Ratings agency over "the Russian nexus" has prompted the development bank to plan a U.S. dollar bond issuance to demonstrate its access to markets and convince investors that ... ( read original story ...)
Shanghai Needs Financial Innovation to Reach Low-Carbon Goals
As a financial center, Shanghai has a complete financial infrastructure and a full range of financial institutions that can support pilots to fund attempts to stop climate change, Zhao Xiaoju, ... ( read original story ...)
Asian Stock Market Today: How ASX, Nikkei 225, Shanghai Composite, Hang Seng and Nifty 50 fared
The Bank of England is to announce the rate hike decision on Thursday and the US Fed rate hike news will arrive on August 10. ( read original story ...)
Chinese Subsidiary of British Investment Bank Now Includes Communist Party Committee
Employees of the British banking giant HSBC have installed a Chinese Community Party committee in a subsidiary, raising concerns about Beijing's possible influence in foreign financial institutions ... ( read original story ...)