Shanghai-based wealth management firm Hywin has filed an application with the Securities and Exchange Commission in the US to raise up to $48m in an initial public offering. This is according to ... ( read original story ...)
Office Occupancy in Shanghai’s Lujiazui Financial Hub Is Back to Pre-Pandemic Levels
The office occupancy rate in Shanghai’s Lujiazui Financial District, known as the ‘Wall Street of China,’ is back to where it was before the Covid-19 pandemic started, according to a municipal ... ( read original story ...)
Ant Group thrown into disarray by China’s new financial rules
China's financial industry watchdog has announced new regulations that will deal an additional blow to Ant Group and fundamentally upset the online microlender's business model. Banks will be required ... ( read original story ...)
Continued Consolidation Expected For China Stock Market
The China stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day slide in which it had dropped almost 130 points or 3.8 ... ( read original story ...)
Chart of the Day: Shanghai Composite
The Shanghai composite's chart if a great representation of a strong rally since spring of last year. last week and today the composite is testing an ascending trend line near the 3500 level after ... ( read original story ...)
Shanghai-based BRICS Bank Grants Over $1 Billion Covid-19 Assistance Loan to China
This is the second emergency loan for the same amount approved by the NDB to help China fight the pandemic. The previous 7 billion yuan loan was paid in 2020. ( read original story ...)
Chairman of Alibaba’s Ant Group insists IPO is still on the cards
Chinese officials cited antitrust issues when they halted Ant Group’s IPO last year days before the planned $37 billion listing in Hong Kong and Shanghai. ( read original story ...)