Shanghai witnessed deals worth 565.8 billion yuan ($84.4 billion) for 322 major industrial projects on Thursday. The deals were announced at a global investment promotion convention where 48 major ... ( read original story ...)
Chinese CPU Maker Loongson Eyes $357 Million in Downsized IPO
Chinese CPU maker Loongson Technology Co. Ltd. completed online subscription for its public share sale, moving a step closer to a planned debut on Shanghai’s STAR Market. Loongson aims to raise 2.42 ... ( read original story ...)
Chinese stocks emerge as safe haven from bear markets globally, as US rate rise eclipses Shanghai lockdown as bogeyman
And while the reopening has been marred by sporadic virus outbreaks and partial lockdowns in Beijing and Shanghai, the market seems to have reached a consensus that the worst of the damage to the ... ( read original story ...)
Dubai is the 14th-most expensive city for world’s rich as Shanghai takes top spot
Mumbai is the most ‘affordable’ among city choices for the wealthy, ahead of Johannesburg Dubai: Dubai was ranked the 14th-most expensive city in the world for high networth individuals (HNWIs) in ... ( read original story ...)
Shanghai stocks end at 3-month high despite hawkish Fed, COVID woes
Shanghai stocks closed at three-month highs, while Hong Kong shares ended unchanged on Tuesday, despite an overnight slump in U.S. stocks on fears of aggressive U.S. rate hikes, as analysts expect ... ( read original story ...)
China regulator denies Ant Group restarting IPO
The prospect of Alibaba’s listing of its financial arm Ant Group moving forward after an 18-month delay was dampened by the securities regulator denying it is looking at resuming the IPO. In a brief ... ( read original story ...)
U.S. Firms In Shanghai Cutting Revenue Forecasts, Investment Plans After Lockdowns — Survey
A vast majority of U.S. firms in Shanghai are cutting revenue forecasts for 2022 in the wake of “zero-Covid” policies that left much of the international business hub of 26 million people locked down ... ( read original story ...)