Shares have declined in Asia after falling on Wall Street ahead of a highly anticipated report on U.S. inflation due later in the day. ( read original story ...)
Why China is restricting IPOs to drive up US$9.7 trillion onshore stock market
The Shanghai Composite Index has risen by an average of 16 per cent during the previous nine suspensions of IPOs carried out by the regulator to bolster sentiment, according to China Fortune ... ( read original story ...)
Alibaba set to unleash AI that offers financial advice – do you feel lucky?
Claims it's already comparbale to finance industry pros and capable of recommending insurance plans Alibaba's fintech arm, Ant Group, has unveiled a large language model and related applications for ... ( read original story ...)
New Alibaba Group CEO lays out strategic priorities for staff -letter
New Alibaba Group CEO Eddie Wu has told staff the tech giant's two main strategic focuses going forward will be "user first" and "AI-driven", according to an internal letter reviewed by Reuters. ( read original story ...)
Exclusive-China’s central bank to scrutinise bulk dollar purchases – sources
BEIJING/SHANGHAI (Reuters) -China’s central bank is tightening its scrutiny of bulk dollar purchases by domestic firms, three sources with direct knowledge of the matter said on Monday, at a time when ... ( read original story ...)
Exclusive-China’s Central Bank to Peruse Bulk Dollar Purchases – Sources
BEIJING/SHANGHAI (Reuters) - China's central bank is tightening its scrutiny of bulk dollar purchases by domestic firms, three sources with direct knowledge of the matter said on Monday, at a time ... ( read original story ...)
Alfa Bank board of directors approves establishing two branches in China
MOSCOW. Sept 11 (Interfax) - The board of directors of Alfa Bank has decided to establish two branches in China, one each in Beijing and Shanghai, the lending institution's press service said in a ... ( read original story ...)