Ant plans to sell up to 1.67 billion shares in the Shanghai float, which is set to be the biggest IPO in China, eclipsing the record set by Agricultural Bank of China's 601288.SS $10.1 billion ... ( read original story ...)
Bank of China to seek listing in Shanghai – Financial Times
The bank, which has seen its shares rise 20 per cent since its listing on the Hong Kong market last week, is believed to be aiming for a July flotation in Shanghai. The bank said its plans depend ... ( read original story ...)
China’s triple stock markets are too much of a good thing
Three’s a crowd — at least, it should be when it comes to stock markets in the same country doing the same thing. Fragmentation divides investor attention and liquidity. And when new entrants steal ... ( read original story ...)
Asia stocks soar amid growing US rate cut bets, China tech rally
S&P 500 Futures fell 0.1% in Asian trade, steadying after the S&P 500 surged 1.5% on Friday. Wall Street’s rally was sparked chiefly by Fed Chair Jerome Powell signaling more openness to cut interest ... ( read original story ...)
Chinese stocks end the week with high note; AI, tech send Shanghai stocks to decade high
Chinese stocks capped a week of gain on Friday, with the Shanghai benchmark index closing at its highest point in a decade. Chinese analysts said the performance highlighted the effectiveness of ... ( read original story ...)
Bad loans rise sharply in Shanghai bank sector
At the Shanghai branch of Beijing-headquartered China Citic Bank - listed in Shanghai and Hong Kong - the non-performing loan (NPL) ratio jumped to about 5 per cent of total outstanding loans this ... ( read original story ...)
Shanghai Stock Market Hits Decade High, Fueled by Key Fintech Developments and Growing Stablecoin Adoption
China’s mainland stock market reached a significant milestone as the Shanghai Composite Index closed at its highest level since August 2015. ( read original story ...)