A total of 59 companies raised 42.2 billion yuan (US$6 billion) via IPOs on the Shanghai, Shenzhen and Beijing stock exchanges in the first eight months of 2024, compared with 304 billion yuan from ... ( read original story ...)
China-based startup initiates IPO process as Chinese AI chip market grows
Shanghai Enflame Technology, a Chinese AI chip company backed by Tencent, has recently filed its intention to IPO with the Shanghai Bureau of the China Securities Regulatory Commission. ( read original story ...)
China’s Ant Group launches AI ‘life assistant’
The fintech firm backed by Chinese e-commerce giant Alibaba has made a foray into products powered by artificial intelligence after announcing a "life assistant" mobile app. ( read original story ...)
China’s ex-central bank governor urges efforts to fight deflationary pressure
China's former central bank governor Yi Gang said on Friday the country should focus on fighting deflationary pressure as the world's second-biggest economy struggles to lift-off despite a raft of ... ( read original story ...)
China should focus on fighting deflationary pressure, former central bank governor says
China's policymakers need to focus on boosting domestic demand, Yi Gang, former head of the People's Bank of China, said Friday at the Bund Summit in Shanghai. ( read original story ...)
China Stock Market Likely Rangebound On Thursday
The China stock market has finished lower in three straight sessions, surrendering almost 60 points or 2.1 percent along the way. The ... ( read original story ...)
China Ex-Central Bank Governor Makes Rare Nod to Deflation Worry
Former People’s Bank of China Governor Yi Gang said his nation should focus on fighting deflation, in a rare admission by a prominent figure in China that falling prices are threatening the country’s ... ( read original story ...)