Tag: banking

So what’s going on in Shanghai? In short, the market’s biggest companies are outperforming by an unusual degree -- propping up the benchmark gauge even as 724 of its 1,427 members post declines. The divergence has been driven partly by wagers that ... ( read original story ...)

The Shenzhen market's role was redefined in the 2000s to make it ... retail investors and basically closed to outsiders. If initiatives like the Shanghai and Shenzhen stock links and A-shares' inclusion in international indexes diversify the landscape ... ( read original story ...)

Alibaba, its affiliate Ant Financial Services Group and Shanghai Shentong Metro Group, the operator of the Shanghai Metro, said in a joint announcement on Tuesday that the Metro would install Alibaba-developed “far-field” voice recognition technology ... ( read original story ...)

This week, Starbucks (NASDAQ: SBUX) is opening its biggest cafe in the world in Shanghai as China is becoming crucial for Starbucks. The store in Shanghai is 30,000-square-foot, and it is the second Reserve Roastery of Starbucks. In 2014, the company’s ... ( read original story ...)

The Asset Management Association of China (AMAC) said recently that Shanghai Oriental Hongqiao Financial Holding Group Co., a private equity firm controlled by Kuailu, is among the 17 asset management firms with which the association has lost contact. ( read original story ...)

Hong Kong is on track to lose its much-coveted crown as the world’s top initial public offering (IPO) market as the year draws to a close, with latest figures showing total funds raised here have dropped 48 per cent compared with 12 months ago, leaving ... ( read original story ...)

SHANGHAI: Chinese smartphone maker Xiaomi Inc has asked banks ... Its float could be the world’s ”largest technology IPO” next year, according to one of the people. “It is huge,” said another source, adding that a valuation of US$100 billion ... ( read original story ...)