China's artificial intelligence start up SenseTime Group has identified the mainland's tightening technology regulatory regime as a key risk for investors in its proposed Hong Kong initial public ... ( read original story ...)
Chinese Social Media Platforms to ‘Rectify’ Financial Self-Media Accounts
China's top social media platforms, Wechat, Douyin, Sina Weibo and Kuaishou, said on Saturday they would begin to rectify irregular practices of "self-media" accounts that publish financial ... ( read original story ...)
China’s top bank ICBC posts 9.9per cent rise in H1 profit
Industrial and Commercial Bank of China (ICBC), the world's largest commercial lender by assets, said its net profit rose 9.87per cent in the first half of 2021.ICBC's profit for the six months ended ... ( read original story ...)
China targets U.S. IPOs, algorithms, cloud in latest tech takedown
China has launched a multi-pronged attack on its tech companies, threatening to curb their ability to list in the United States, seeking to tighten up regulation of their use of algorithms and ... ( read original story ...)
WRAPUP 1-China targets U.S. IPOs, algorithms, cloud in latest tech takedown
SHANGHAI, Aug 27 (Reuters ... Now China is framing rules https://www.reuters.com/technology/china-plans-ban-us-ipos-data-heavy-tech-firms-wsj-2021-08-27 to ban internet firms whose data is ... ( read original story ...)
Why Alcoa Stock Is Soaring This Week and May Not Stop
Shares of aluminum giant Alcoa ( NYSE:AA) are racing higher and are up 9.8% so far this week, as of early Friday. It's a stunning recovery after the stock's steep 16.7% decline just over a week ago. ( read original story ...)
Lawyers Move to Calm Fears Following China Probe That Halted Over 40 IPOs
On Monday, a regulatory probe by the China Securities Regulatory Commission (CSRC) into one Chinese law firm and three brokers froze over 40 IPO plans in Shenzhen and Shanghai. Now, lawyers on the ... ( read original story ...)