Asian equities rebounded overnight as NasdaqNDAQ reached a new high yesterday in the US. Hong Kong rebounded 2% as new coronavirus cases fell locally day over day, as growth stocks led the volume ... ( read original story ...)
Mastercard Collaborates With Bank of Shanghai to Enable Better Cross-Border Business Payments in China
Mastercard recently announced it has partnered with Bank of Shanghai to enable better cross-border business payments in China. Mastercard reported that with its cross-border services, businesses will ... ( read original story ...)
Why Alibaba Stock Gained 16% Last Month
Shares of Alibaba surged last month as the company rode a broader wave in Chinese stocks on signs that China's economy was recovering as the U.S. fell victim to a r ... ( read original story ...)
Chinese investors shift to money market funds as equities turn volatile
Chinese investors are swapping their bets in equities for safe-haven money market funds (MMFs) as stock markets continue to be volatile on the back of concerns about domestic policy tightening and ... ( read original story ...)
GRAPHIC-Chinese investors shift to money market funds as equities turn volatile
Chinese investors are swapping their bets in equities for safe-haven money market funds (MMFs) as stock markets continue to be volatile on the back of concerns about domestic policy tightening and ... ( read original story ...)
Central bank pledges continued opening-up of financial industry
The People's Bank of China (PBOC), the central bank, said Monday that it will resolutely push forward the opening-up of the country's financial industry in a sound and orderly manner. Measures ... ( read original story ...)
Ant Group says it’s shooting for a record-breaking $30 billion IPO by October
Fintech behemoth Ant Group Co. will attempt the world’s largest ever IPO by raising $30 billion in Shanghai and Hong Kong, likely by October, Chinese media reported Monday. Ant is valued at roughly ... ( read original story ...)