Shenzhen will be granted autonomy to make its own laws on artificial intelligence and big data, relax visa restrictions to attract foreign talent, and start a stock futures index under the latest ... ( read original story ...)
Chinese banking regulator fines China Construction Bank $1m for violations
The Chinese banking regulator said on Saturday it had fined a branch of the China Construction Bank (CCB) , the country's second-largest lender by assets, 7,313,511 yuan ($1.09 million) for rule ... ( read original story ...)
Chinese currency’s sudden surge puts spotlight on central bank
China’s yuan surged past a key technical level, a sign that the central bank may soon be forced to rein in further strength in the currency. ( read original story ...)
Regulatory Holdups Slow Ant Group’s IPO Plans
A window is closing for Chinese financial-technology giant Ant Group to pull off a record-breaking initial public offering ahead of the U.S. presidential election, as regulators in mainland China and ... ( read original story ...)
China’s Bull Runs Have Ended Badly in the Past. Why This Stock Market Rally Could Have Legs.
That doesn’t mean the next dollar in Chinese stocks will be easy to earn. As in the U.S., China’s gains have been driven by a narrow wedge of tech powerhouses while the blue chips of yesteryear lag. ( read original story ...)
Jack Ma’s Ant Group Raises IPO Valuation Target to $280 Billion
Despite the U.S. headwinds, Jack Ma’s Ant is moving ahead with what could be the world’s largest IPO, with same-day listings in Hong Kong and Shanghai, the people said. At $280 billion, Ant would be ... ( read original story ...)
Financial Sectors Pull Up China’s Stock Markets to Mixed Close
China's mainland stock markets narrowed their losses in the afternoon to close mixed after a late rally by the financial sectors. The Shanghai Composite Index ended the day up 0.13 percent at 3,336.36 ... ( read original story ...)