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Tag: banking

Posted on 20/12/2018

This Chinese Blood Stock Lost $9 Billion in Just 10 Days

Even by the standards set in China’s slumping stock market this year, this is extreme. Shanghai RAAS Blood Products Co., which manufactures and develops human blood products, resumed trading this mont... ( read original story ...)

Posted on 19/12/2018

China mutual fund closures hit record on shadow banking purge

SHANGHAI (BLOOMBERG) - China's cleanup of its shadow-banking system is fueling a record number of liquidations in its US$1.9 trillion (S$2.61 trillion) mutual fund market. More than 600 funds have bee... ( read original story ...)

Posted on 19/12/2018

Major global markets are already in a bear market or getting close, stoking fears of slowing growth

Several major stock indices are at or nearing bear market territory ... Those data points pushed those major Asian market indices further into bear market territory, and the Shanghai Composite has now ... ( read original story ...)

Posted on 19/12/2018

Major global markets are already in bear market and more are coming, stoking fears of slowing growth

Key benchmarks in Spain, France and Russia are all less than 5 percent away from bear market territory. The escalating trade tensions between the U-S and China pushed the Shanghai Composite Index , on... ( read original story ...)

Posted on 18/12/2018

Stock market poised to edge lower in the wake of worst start to December since 1980

Read: Here’s why the Fed won’t save the stock market, despite its worst December start since ... Hong Kong’s Hang Seng virtually unchanged, and the Shanghai Composite Index SHCOMP, +0.16% edging 0.1% ... ( read original story ...)

Posted on 18/12/2018

UPDATE 1-China’s Junshi Biosciences raises $394 mln after pricing IPO at bottom of range -sources

HONG KONG, Dec 17 (Reuters) - Chinese biotech startup Shanghai Junshi Biosciences Co Ltd has raised $394 million after pricing its Hong Kong initial public offering (IPO) at the bottom of a marketed r... ( read original story ...)

Posted on 17/12/2018

China blue-chips end down, Shanghai up as investors await govt meeting

So far this year, the Shanghai stock index is down 21.4 percent ... About 11.74 billion shares were traded on the Shanghai exchange, roughly 70.1 percent of the market's 30-day moving average of 16.74 ... ( read original story ...)

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