Shanghai-headquartered restaurant chain Element Fresh has filed for bankruptcy, the government-published Shanghai Daily reported today. “While the company was profitable prior to Covid 19, the ... ( read original story ...)
Omicron concerns dampen Christmas trading and weigh on markets – business live
Investors have their eyes on one thing this morning: just how bad is the omicron coronavirus going to be for economies across the world. UK and European stock market futures suggest that traders are ... ( read original story ...)
Shanghai Composite Index Fell 1.07% on Monday
China’s benchmark Shanghai Composite Index lost 1.07% on Monday, while the Shenzhen Component Index fell 2.01%. Shanghai’s tech-heavy STAR 50 Index lost 2.51% for the day, whi ... ( read original story ...)
Chinese banks cut borrowing costs for first time in 20 months
The one-year loan prime rate was set at 3.8 per cent, the first reduction since April 2020. . Read more at straitstimes.com. ( read original story ...)
China Boosts Property Support With M&A Funding, Bank Rate Cut
China is ramping up support of the embattled real estate sector as growing stress in the industry threatens to deepen an economic slowdown. Authorities are encouraging banks to fund acquisitions of ... ( read original story ...)
Shandong Taishan defeat Shanghai Port to close in on first Chinese Super League title in 11 years
Shandong Taishan’s 2-0 win over championship rivals Shanghai Port puts the team in a solid position for their first Chinese Super League title in more than a decade. ( read original story ...)
China to release rare earths mining rights in an ‘orderly’ way – Shanghai Securities News
China should release its exploration and mining rights for rare earths appropriately and in an orderly manner, according to an official from the industry ministry cited by the Shanghai Securities News ... ( read original story ...)