Amid rising demand for AI hardware in China and U.S. sanctions, China's GPU industry is rapidly expanding, with companies like Biren, Moore Threads, MetaX, and Zhaoxin pursuing IPOs to secure funding ... ( read original story ...)
Shanghai Electric ratings upgraded to Baa2 by Moody’s
Investing.com -- Moody’s Ratings has upgraded Shanghai Electric Holdings Group Co., Ltd. (SEGC) and its key subsidiary, Shanghai Electric Group Company Limited (SHE) to Baa2 from Baa3, with the ... ( read original story ...)
Chinese GPU startups rush to IPO as US sanctions bite
As the global race for AI computing power heats up, Chinese GPU startups are rushing to go public. Companies such as Moore Threads, MetaX Integrated Circuits (Shanghai) Co., Shanghai Enflame ... ( read original story ...)
PBoC injects CNY 300 Billion into banking system via MLF to boost liquidity
People's Bank of China injected CNY 300 billion into banks on June 25 via a one-year lending facility to maintain liquidity. This operation, aimed at ensuring banking system liquidity, resulted in a ... ( read original story ...)
Ping An builds HK$180 billion stake in China banks on dividend bet
HONG KONG] Ping An Insurance Group, as well as other Chinese insurers, have ramped up investments in the nation’s biggest banks on a bet that the dividend yields will outweigh headwinds of narrower ... ( read original story ...)
Alibaba (BABA) Backed MiniMax Planning IPO
Alibaba Group Holding Limited (NYSE:BABA) is one of Goldman Sachs’ top Chinese stock picks. On June 18, reports emerged indicating that one of the artificial intelligence startups the tech giant backs ... ( read original story ...)
How the Stock Market Works
The stock market is the magic beans of retirement. It can take your $500 per month and turns it into a $1 million nest egg by retirement. While to the untrained observer, such financial growth ... ( read original story ...)