China’s central bank governor reiterated the nation’s commitment to further opening up its financial sector and lowering market barriers to foreign investors. ( read original story ...)
China will improve yuan flexibility, central bank governor says
China will seek to improve the flexibility of its yuan currency and will reduce restrictions on cross-border use of the yuan, the country’s central bank governor Yi Gang said on Saturday. Yi was ... ( read original story ...)
China’s banking shares head for ‘V-shaped turnaround’, to rise 60 per cent, CICC says
China’s strengthening economic recovery has already spurred the buying of abandoned banking stocks, as the sector heads for its biggest quarterly gain this year, and China International Capital ... ( read original story ...)
Chinese financial services platform Lufax sets terms for $2.2 billion US IPO
Lufax Holding, which provides a leading platform for retail loan facilitation in China, announced terms for its IPO on Thursday. The Shanghai, China-based company plans to raise $2.2 billion by ... ( read original story ...)
Tesla releases new Model Y Shanghai factory pictures ahead of production start
Tesla has released new pictures of the Model Y factory at Shanghai Gigafactory ahead of the start of production. The start of Model Y production in Shanghai is considered critical to Tesla’s growth. ( read original story ...)
China Stock Market May Take Further Damage On Thursday
The China stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day losing streak in which it had retreated almost 30 points or ... ( read original story ...)
Fintech unicorn Ant Group gets final regulatory nod for jumbo IPO and reveals share split between Hong Kong and Shanghai
Ant also revealed in filings: key dates for its IPO; an even share split between Hong Kong and Shanghai; updated its financial results; the latest number of its mobile payments app users; and a new ... ( read original story ...)