The exchange postponed the financial-technology giant’s blockbuster offering a day after regulatory agencies summoned Jack Ma, the company’s controlling shareholder, and top executives to a ... ( read original story ...)
Listing interrupted: Ant Group IPO suspended by Shanghai exchange
The Shanghai Stock Exchange has halted Ant Group’s planned IPO after the fintech giant’s founder Jack Ma and two executives met Chinese financial regulators on Monday. The Shanghai Stock Exchange has ... ( read original story ...)
Shanghai’s role as global financial hub sure to expand
Given the huge focus on the novel coronavirus pandemic, one story that has gone relatively underreported this year has been the continued rise of Shanghai as an international financial center. The ... ( read original story ...)
China shares end higher, boosted by financial, material stocks
Chinese shares ended higher on Tuesday, led by gains in material and financial stocks, as investors bet more on a swift economic recovery from the pandemic and upbeat sales outlook for new energy cars ... ( read original story ...)
Shanghai making headway in financial power, says bank exec
Shanghai's pursuit of building itself into a global financial center will gather pace as the city further opens such sectors as insurance, wealth management and investment banking, said "The city has ... ( read original story ...)
Material, financial stocks boost China shares; Hong Kong up
Chinese shares rose on Tuesday, led by gains in blue-chip financial and material companies, as investors bet more on a swift economic recovery from the pandemic. ** At the midday break, the Shanghai ... ( read original story ...)
ANALYSIS-Fin or tech? China’s Ant, biggest-ever IPO, says it’s a tech firm not a bank
China's Ant Group , about to make the biggest public sale of shares ever, poses a basic conundrum: what kind of company is it - a financial colossus or a tech giant? ( read original story ...)