Wall Street was heading for more gains before the open on Friday as markets try to log their first winning week of 2025 on the final day of trading during the Biden presidency. Futures for the S&P 500 ... ( read original story ...)
Unplug ‘Great Firewall’ to help China compete, Shanghai lawmaker says
Legislator Mao Xiangdong calls for lifting of internet restrictions in free-trade zones, financial districts and universities. ( read original story ...)
Stock market today: Asian shares slip as China says economy hit 5% growth target in ’24
Shares are mostly lower in Asia after China reported that its economy grew at a 5% annual pace last year, hitting the government's target but slowing from the year before. ( read original story ...)
Shanghai financial industry’s added value rises 6.9% to $90b
The added value of Shanghai's financial industry jumped 6.9 percent year-on-year to 659.12 billion yuan ($89.9 billion) in the first three quarters of 2024, Zhou Xiaoquan, executive deputy director of ... ( read original story ...)
Shanghai Should Leverage Leading Firms in Sci-Tech Incubation, Two Sessions Proposal Says
(Yicai) Jan. 16 -- Shanghai should leverage the advantages of leading enterprises to promote the high-quality development of science and technology innovation incubators, according to an outstanding ... ( read original story ...)
Stock market today: Asian shares advance after inflation data drives a rally on Wall Street
Asian shares mostly rose Thursday, following a rally on Wall Street driven by encouraging update on U.S. inflation. Japan's benchmark Nikkei 225 added 0.2% to 38,532.18. Bank of Japan data showed ... ( read original story ...)
AI Mogul Chen Tianshi Amasses $10 Billion Fortune As Shares Soar 500%
Chen Tianshi, cofounder of Chinese chip company Cambricon Technologies, saw his net worth soar to $10 billion after the company’s Shanghai-listed shares skyrocketed 500% in 2024 amid China’s push for ... ( read original story ...)