China's securities regulator plans to grant investment banking licenses to commercial lenders as part of efforts to breed industry behemoths in the face of fiercer foreign competition, business ... ( read original story ...)
Shanghai, Santa Clara software IPO soars after it tops targets, raises $350M
The Chinese #software company, whose U.S. headquarters is in Santa Clara, raised $350 million Friday in an #IPO that topped its price targets. It is the first Wall Street debut of the year by a Bay ... ( read original story ...)
China pledges continued economic support but warns of liquidity hangover
China will maintain ample financial system liquidity in the second half of the year as the economy recovers from the coronavirus but will need to consider withdrawing that support at some point, its ... ( read original story ...)
‘We are walking towards a default’: Hong Kong real estate fund stumbles as coronavirus tips Shanghai commercial property into bear market
The US-China trade war and Covid-19 have exposed rare distress at a US$7.7 billion Hong Kong-based real estate fund, offering a cautionary tale for investors in China’s property market. ( read original story ...)
China’s regulator gets tough on insider trading as it metes out record penalty on wrongdoers in the financial markets
The regulator is getting tough in its resolve to instil financial discipline in Asia’s largest capital market, as a wave of cheap money - unleashed to help global economies recover from the ... ( read original story ...)
Night markets roar back in financial hub
Nightlife markets are making a comeback in Shanghai. Mobile food carts and individual booths are jammed with pedestrians wolfing down barbecues, drinking tap beer, buying flowers, and more. The ... ( read original story ...)
If Trump Measures Success In Stock Market Gains, Then China’s Winning
They’re being pitted against Trump in the November election and, oddly, or not, one side really wants them to win. They’re being pitted against the U.S. in the battle against the coronavirus and, ... ( read original story ...)