Minghui Pharmaceutical ("Minghui"), a late-stage clinical biopharmaceutical company, today announced the closing of a USD 131 million Pre-IPO financing led by new investors OrbiMed and co-led by ... ( read original story ...)
Sceptical investors call time on China’s anti-price war rally
Fund manager Yang Tingwu was quick to harvest his gains after a furious July rally in Chinese steel and cement stocks, spurred by Beijing's campaign against price wars and excess industrial production ... ( read original story ...)
China’s main stock index hits best finish in 4 years
Shanghai's stock market hit a 3.5-year high, driven by hopes for a US-China trade deal. The gains were led by defense and coal sectors. ( read original story ...)
HSBC to keep the highest yield among Greater China region’s banks, JPMorgan analysts say
The 160-year-old bank, which traces its roots to Hong Kong and Shanghai, is likely to return between 9 per cent and 11 per cent to shareholders in 2025, says JPMorgan. ( read original story ...)
Visa, Airport Authority Hong Kong and Shanghai Commercial Bank pilot smart working capital solution to digitise supply chain finance in Hong Kong
Visa, a world leader in digital payments, has joined forces with Airport Authority Hong Kong (AAHK) and Shanghai Commercial Bank to launch an industry-first pilot aimed at transforming B2B ... ( read original story ...)
Shanghai Stocks Close at Highest Since Late 2021 on Hopes for Sino-US Trade Deal
** At the close, the Shanghai Composite index was up 0.45% at 3,633.99 points, marking the third straight session of gains, and booking the highest close since December 31, 2021. Meanwhile, the ... ( read original story ...)
Ant Digital Unveils Financial AI Model as China’s LLM Race Reaches Banking Sector
Ant Digital’s financial AI ambitions reflect a broader shift among Chinese tech firms towards domain-specific LLMs. With foundational models reaching diminishing returns in general capabilities, ... ( read original story ...)