Advancing stocks outnumbered falling ones by 849 to 442 and 84 ended unchanged on the Shanghai Stock Exchange. The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 21.63 a new 3-month low. ( read original story ...)
SHANGHAI | Chinese court sentences Anbang founder to 18 years for fraud
SHANGHAI — A court in Shanghai sentenced the founder of the Chinese insurance company that owns New York City’s Waldorf Hotel to 18 years in prison on Thursday after he pleaded guilty to fraudulently raising billions of dollars from investors ... ( read original story ...)
SHANGHAI | China sentences founder of Anbang to 18 years in prison
SHANGHAI (AP) — Chinese state media say a court in Shanghai has sentenced the founder of the Chinese insurance company that owns New York City’s Waldorf Hotel to 18 years in prison after he pleaded guilty to fraudulently raising billions of dollars ... ( read original story ...)
Shanghai faces Asian Champions League exit after loss
Shanghai, which was playing without the injured Hulk, trailed 2-0 after a pair of corners led to goals for Yuma Suzuki and Daigo Nishi. Yu Hai then scored an own-goal before Elkeson pulled one back for Shanghai. The second leg will be next Wednesday ... ( read original story ...)
ODA-led trade mission heads to China
While concerns of a possible trade war continue to loom between the U.S. and China, representatives of Oregon agriculture will embark Friday on a week-long trade mission May 12-17 to Shanghai in hopes of building new relationships with overseas customers. ( read original story ...)
Hong Kong stocks rise, led by energy shares
Energy shares jump after U.S. pulls out of Iran deal May 9 (Reuters) - Hong Kong shares rose on Wednesday, led by energy stocks after U.S. President ... which was down 2.23 percent. ** China’s main Shanghai Composite index closed down 0.08 percent ... ( read original story ...)
Local LED business acquires competitor
General LED has about 25 employees, while Acolyte Group has about 28 employees in its U.S. offices, according to LinkedIn profiles. Each manufacturer has additional offices overseas. Both have offices in Shanghai, and General LED has an office in Dubai. ( read original story ...)