The China stock market has finished lower in three straight sessions, sinking more than 40 points or 1.2 percent along the way. The ... ( read original story ...)
Silicon Valley Bank’s collapse sends shivers through China startups
Chinese tech firms have long relied on SVB for venture capital funds after traditional US banks turned them away. ( read original story ...)
U Power Proposes Terms For $18 Million U.S. IPO
the various risks of PRC-focused operations combined with the excessive valuation at IPO led me to pass on the IPO. Shanghai, China-based U Power Limited was founded to originally broker automobiles ... ( read original story ...)
SVB Financial’s JV with China-based bank unaffected by meltdown – report
SVB Financial Group's (NASDAQ:SIVB) joint venture with Shanghai Pudong Development Bank will not be adversely affected by the ladder's ongoing crisis, Bloomberg reported Friday, citing the ... ( read original story ...)
Analysis:China’s debt-laden local governments pose challenges to economic growth, financial system
China's push to revive the economy this year by increasing infrastructure spending while warding off financial risks is facing headwinds from massive local-government debt, which is more than $9 ... ( read original story ...)
Wall St opens lower as bank stocks drop
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 6, 2023. REUTERS/Brendan McDermid ... ( read original story ...)
Chinese Stock Bulls Dealt a Blow as Congress Underwhelms
For all the hype in the run-up to the National People’s Congress, China stocks bulls were left in the lurch as a terrible week for global markets compounded a selloff spurred by a lack of major policy ... ( read original story ...)