The move comes amid broader efforts by Chinese policymakers to prevent systemic financial risks and curb rising debt ... ( read original story ...)
Shanghai ranks 6th globally in economic aggregate: report
Shanghai ranks sixth among cities globally in terms of economic aggregate, according to a report released on Friday at the ongoing China International Import Expo (CIIE). The report, by the ... ( read original story ...)
China’s Central Bank Says Ant’s IPO Suspension Is to Safeguard Consumer, Investor Interests
The decision to suspend Ant Group's planned initial public offering in China was based on a comprehensive consideration about safeguarding the interests of financial consumers and investors, a senior ... ( read original story ...)
How China stopped Jack Ma’s record $37billion stock market listing
By Keith Zhai, Julie Zhu and Cheng LengSINGAPORE/HONG KONG/BEIJING, Nov 5 (Reuters) - They say talk is cheap. Tell that to Jack Ma.Corporate ... ( read original story ...)
HSBC, Bank of China (HK) pocket up to US$3.2 million in fees from Ant’s IPO loans, even as brokers waive charges on halted stock sale
HSBC and Bank of China (Hong Kong), two of the biggest margin lenders for Ant Group's suspended initial public offering (IPO) in Hong Kong, will pocket up to HK$25 million (US$3.2 million) in interest ... ( read original story ...)
UPDATE 1-Hang Seng notches 16-week closing high as Biden odds improve; Shanghai up
Hong Kong’s Hang Seng Index soared to its highest close in more than three months on Thursday and China A-shares gained as U.S. election results showed a firming lead for Democratic challenger Joe ... ( read original story ...)
Ant Group fiasco reflects battle for China’s financial soul
SHANGHAI, Nov 5, 2020 (AFP) – China’s last-minute abandonment of Ant Group’s record-breaking IPO stems from an intensifying battle for the soul of the nation’s financial system that the fintech giant ... ( read original story ...)