At the close in Shanghai, the Shanghai Composite rose 0.58% to hit a new 1-month high, while the SZSE Component index added 0.72%. The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 20.85. ( read original story ...)
Foxconn to issue 1.97b shares on Shanghai Stock Exchange
Foxconn Industrial Internet Co receives approval from China's top securities regulator to list its shares in the A-share market, March 8 ... company plans to issue 1.97 billion shares on the Shanghai Stock Exchange, which will account for 10 percent ... ( read original story ...)
Mild Rebound Tipped For China Stock Market
BEIJING (dpa-AFX) - The China stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had gathered more than 70 points or 2.3 percent. The Shanghai Composite Index now rests just beneath the 3,165 ... ( read original story ...)
Foxconn unit luring cornerstone investors for Shanghai IPO
HONG KONG (Reuters) - An internet and industrial-focused unit of Taiwanese electronics manufacturer Foxconn (2317.TW) plans to sell 30 percent of its public share offering in Shanghai to a group of cornerstone-type investors, its prospectus showed, a rare ... ( read original story ...)
Inside Shanghai’s robot bank: China opens world’s first human-free branch
Pay pal … Xiao Lang, or Little Dragon, at the China Construction Bank on Jiujiang Road, Shanghai. Photograph: Imaginechina/Rex/Shutterstock Xiao Long, the latest employee at the Jiujiang Road branch of the China Construction Bank is never late for work. ( read original story ...)
Foxconn’s unit plans Shanghai IPO, raising capital to upgrade production, projects
HONG KONG (Reuters) - Foxconn Industrial Internet Co Ltd, an internet and industrial-focused unit of Taiwan’s Foxconn (2317.TW), filed an application on Monday for an initial public offering in Shanghai to raise capital to upgrade production and for 5G ... ( read original story ...)
Shanghai aims to increase its financial power
A general view of the Yangshan Deep-Water Port, an automated cargo wharf in Shanghai, April 9, 2018. [Photo/VCG] Shanghai officials released a detailed guideline recently for further opening-up in the financial sector, responding to President Xi Jinping's ... ( read original story ...)