Didi Global, the Chinese ride-hailing company, must face a lawsuit in a U.S. court claiming it defrauded investors by concealing and disobeying a Chinese government order to postpone its 2021 initial ... ( read original story ...)
China central bank leaves key policy rate unchanged, as expected
China's central bank left a key policy rate unchanged while withdrawing cash from a medium-term policy loan operation on Friday, as authorities continued to prioritise currency stability amid ... ( read original story ...)
China stocks close lower; Wuxi Apptec drags down HK shares
China’s blue-chip CSI300 Index and the Shanghai Composite Index closed down 0.3% and 0.2%, respectively. Hong Kong’s benchmark Hang Seng Index dipped 0.7%. Gaming and semi-conductor shares dropped 3.2 ... ( read original story ...)
China props up state-owned developer Vanke as property crisis deepens
China has asked 12 banks to provide financing to the beleaguered state-owned real estate firm, Vanke Group, just days after the housing and urban-rural development ministry vowed to let insolvent ... ( read original story ...)
Shanghai Fashion Week Announces Fall Winter 24 Schedule
Shanghai Fashion Week has announced its new schedule ... Local retailer Labelhood has beefed up its presence at the showcase. Returning to the Bund neighborhood, the emerging platform hosts names like ... ( read original story ...)
Apple to open new store in Jing’an District, Shanghai
US-based multinational technology giant Apple is set to unveil its eighth store in Shanghai, China as part of its broader expansion strategy. Located on West Nanjing Road in Jing'an district, the new ... ( read original story ...)
How China Tried to Fix the Stock Market—and Broke the Quants
China’s biggest quant funds beat the market for years by applying complicated statistical models to stock picking. But they didn’t model a key factor—the government.Quantitative funds, which use ... ( read original story ...)