China has added six more regions to its pilot programme for the sovereign digital yuan, expanding the scope of testing as the country inches closer to launching the world’s first central bank digital ... ( read original story ...)
China’s revamp of Ant dents investor appetite for IPO revival
China's regulatory-imposed revamp of Jack Ma's Ant Group, transforming the hot fintech into a financial holding company, appears to have dented some investor appetite for any plans to revive what ... ( read original story ...)
Some investors lukewarm on China’s Ant Group if IPO is revived after revamp
Last year, Ant's valuation was touted at $315 billion for its IPO, which was pulled just before its November listing in Shanghai and Hong Kong. Even before news of the revamp, sources told Reuters ... ( read original story ...)
Leshi, once hailed as ‘China’s Netflix’, and founder Jia Yueting hit with fines worth US$73.6 million in China for financial fraud
Fines come after Jia’s EV start-up FF, which has merged with a blank-cheque company, attempts to raise money in US The China Securities Regulatory Commission (CSRC) had fined the company 240.6 million ... ( read original story ...)
First-quarter IPOs confirm vibrant market sentiment
There were 100 IPOs on China's A-share market in the first three months, up 96 percent year-on-year, which raised 76.1 billion yuan ($11.6 billion), down 3 percent year-on-year. Among them, 57 ... ( read original story ...)
China Stock Market May Take Further Damage On Tuesday
(RTTNews) - The China stock market has moved lower in back-to-back trading days, sinking almost 70 points or 2 percent along the way. The Shanghai Composite Index now rests just above the 3,410-point ... ( read original story ...)
88 tech startups ditch China IPOs in 2021 as headwinds mount
The impact is especially pronounced on the Shanghai Stock Exchange's STAR market, where 88 companies, including some of China's most promising unicorns, have suspended or canceled planned initial ... ( read original story ...)