Shanghai Power Asset Management Co has apologised to investors and shut its arbitrage strategy after heavy losses, the latest China hedge fund bruised by wild gyrations in the market since authorities ... ( read original story ...)
$1.80 dinners and budget clothes? The spread of frugality is hurting China’s economy
"This is so economical," she marveled over a $1.80 dinner. "They also included fried chicken." Other accounts tout $8 gym memberships and the merits of waiting for sales at fast-fashion clothing ... ( read original story ...)
China central bank conducts medium-term loan operation, with rate unchanged
China's central bank conducted a medium-term loan operation on Friday while keeping the interest rate unchanged. The People's Bank of China (PBOC) issued 700 billion yuan ($98.36 billion) worth of one ... ( read original story ...)
HKEX posts best third-quarter earnings since 2021 on China stimulus, 15 IPOs; Morningstar keeps HK$300 fair value
HKEX reported its best third-quarter earnings in three years on Oct 23, with net profit up 7% y-o-y to HK$3.15 billion in 3QFY2024 ended Sept 30. ( read original story ...)
Report on China’s affluent population released
Shanghai Jiaotong University's Shanghai Advanced Institute of Finance (SAIF) and Charles Schwab, a provider of financial services, jointly issued the eighth annual "SAIF-Charles Schwab China Rising ... ( read original story ...)
China Market Update: Hong Kong IPOs Take Flight
Asian equities were mixed overnight despite a stronger US dollar. Hong Kong and South Korea outperformed, while Thailand was closed for Chulalongkorn Day, a national holiday commemorating His Majesty ... ( read original story ...)
Al-Musallam introduces financial incentives for swimmers
The International Swimming Federation, led by Captain Hussain Al-Musallam, has announced financial rewards for swimmers who achieve the ... ( read original story ...)