A TOTAL of 10 Chinese commercial banks simultaneously cut deposit interest rates on Monday, following the Chinese central bank's interest rate cuts announced on July 22. Analysts said the banks' move ... ( read original story ...)
Grifols revises past financial records with equity value drop of $494 million
Spanish pharmaceutical company Grifols said on Tuesday it had revised its financial records between 2020 and 2023 lower by 457 million euros ($494 million) to adjust the value of its stake in Chinese ... ( read original story ...)
Shanghai unveils new measures to bolster biopharma sector
Shanghai's state-owned Capital Investment Co's Biomedicine Private Capital Investment Fund was set up with a total size of 21.5 billion yuan to focus on areas including innovative drugs, high-end test ... ( read original story ...)
Central Bank, Beijing Outlooks Roil Asian Stock Markets
Asian stock markets turned in a choppy Tuesday, as traders weighed pending central bank policy meetings, and Beijing macroeconomic stimulus plans. Hong Kong and Shanghai lost ground, while Tokyo edged ... ( read original story ...)
Shanghai Electric Accelerates Hydrogen Energy Chain Development, Boosts Clean Energy Adoption
Shanghai Electric ("the Company") (SEHK:2727, SSE:601727) announced that the Company has made another significant stride in lowering the overall ... ( read original story ...)
Stock market today: Asian shares mostly fall ahead of central bank meetings
Asian shares mostly declined in cautious trading Tuesday ahead of central bank meetings around the world. The Federal Reserve, the Bank of England and the Bank of Japan are holding monetary policy ... ( read original story ...)
Shanghai Pledges Millions for China Biotech Firms Who Go Global
Shanghai pledged millions of dollars over five years to reward Chinese drugmakers that break into global markets, a bid to provide funding support to a biotech industry grappling with falling ... ( read original story ...)