A top Chinese central bank chief said Ant Group’s much heralded initial public offering (IPO) could go forward once problems are resolved with regulators. ( read original story ...)
Chinese stocks fall as central bank adviser warns of asset bubble
Stocks across China dropped after the central bank tightened financial conditions and an official raised concerns that loose liquidity could inflate an asset bubble. The People’s Bank of China early ... ( read original story ...)
Asia Corrects Overnight, Kuaishou IPO On The Horizon
Asian equities were off in a good ol’ fashioned pullback/correction, which is not the end of the world. Concerns on US stimulus, warning of an asset bubble, and an unexpected liquidity drain by the ... ( read original story ...)
Ant Group’s IPO could be revived after ‘problem solved’, hints China’s central bank governor
PBOC governor Yi Gang said there need to be more international cooperation on regulating fintech, particularly regarding the ownership of consumer data. ( read original story ...)
China should stop setting annual GDP targets, central bank adviser says
China should stop setting annual economic growth targets and instead focus on stabilising employment and controlling inflation as its main macroeconomic policy goals, an adviser for the country's ... ( read original story ...)
Tencent Powers Hong Kong Above 30K As Kuaishou IPO Secures Significant Cornerstone Investors
Asian equities were largely higher with Hong Kong growth stocks on high volumes twice the 1-year average and Korea outperforming to the upside. Tencent gained +10.93% as investors realized that ... ( read original story ...)
Shanghai to be financial hub for yuan-denominated assets
Public information from online recruitment platform Glassdoor shows major asset management company BlackRock has announced many vacancies for its Shanghai operations since the beginning of the year, ... ( read original story ...)