PetroChina launched an IPO), and was valued at $1Tn. In the next 20 weeks, the share price fell 52%. The stock never recovered. Today, PetroChina’s shares are down almost 90% from the IPO price. ( read original story ...)
Shanghai’s small businesses brace for more pain after mainland economic hub reports new Covid-19 cases
Shanghai’s handling of the outbreak and its successful containment measures won residents’ approval earlier this year. But business activity and economic output have failed to keep pace with the rest ... ( read original story ...)
U.S. Business Group In Shanghai Upbeat On Biden; Detentions Remain A Worry
A new survey by the American Chamber of Commerce in Shanghai has found members more upbeat about their business prospects in the country following the U.S. presidential election win by Joe Biden. ( read original story ...)
Shanghai maps out course to raise listed companies’ quality in a bid to burnish financial hub credentials
Shanghai will encourage listings of hi-tech companies, market-based asset restructuring and get tough on delisting, according to a 17-point guideline. ( read original story ...)
Most U.S. companies optimistic about doing business in China after Biden’s win, survey finds
Just over half said they are "more optimistic" and 8.1% are "much more optimistic" given the expected change from President Donald Trump's administration. ( read original story ...)
Most U.S. companies in China optimistic about Biden administration: business group
Over 60% of American businesses in China are more optimistic about doing business in China after the results of the United States presidential election, according to a business group survey released ... ( read original story ...)
Shanghai Tang Creative Director Departs, Following CEO Exit
Owen is leaving her post as creative director of Shanghai Tang, she announced, less than a year after she started in the role. She follows Maurizio de Gasperis, who ... ( read original story ...)