SHANGHAI, Virtual currencies like bitcoin are assets but bitcoin in itself does not have the fundamental attributes needed to be a currency that could meet modern economic development needs, a Chinese central bank adviser said. Sheng Songcheng, adviser to ... ( read original story ...)
China’s new bond connect won’t ruin interest in mainland equities: EY
The stock exchanges in Shanghai and Shenzhen had more than 200 IPOs in the first half of this year, Choi said, as China accelerated efforts to clear a backlog of some 800 companies wanting to list. That trend should continue, Choi added, which means the ... ( read original story ...)
Nasdaq and Shanghai exchange in talks over Kazakh bourse stake
Nasdaq and the Shanghai Stock Exchange are in talks to acquire stakes in the Kazakhstan stock market to be launched this year, as its owners look to attract international investors to the Central Asian country. Under plans to be announced in the coming ... ( read original story ...)
Pressure piles on China’s LeEco as some assets frozen after bank complaint
TAIPEI/BEIJING Struggling Chinese tech group LeEco is under growing pressure from its creditors and business partners, with a court in Shanghai ordering a freeze on some of its assets over late payments to a bank. The latest financial troubles of the ... ( read original story ...)
China central bank to skip open market operations for eighth straight day: statement
SHANGHAI China's central bank said it will skip open market operations for the eighth day in a row on Tuesday, as liquidity levels in the banking system were "relatively high", the People's Bank of China said in an online statement. For the day ... ( read original story ...)
Pressure piles on China’s LeEco as assets frozen after bank complaint
TAIPEI/BEIJING Chinese tech group LeEco is under growing pressure from its creditors and business partners, with a court in Shanghai ordering some of its assets frozen over late payments to a bank. The latest financial woes of the conglomerate, which has ... ( read original story ...)
Pressure piles on China’s LeEco as bank seeks to have assets frozen
China Merchants Bank Co Ltd said in a statement on Tuesday it had applied to have some of LeEco's assets frozen because a subsidiary, Leview Mobile HK Limited, had been late on making interest payments on a loan. "CMB's Shanghai branch repeatedly urged ... ( read original story ...)