China is set to switch off a live feed of foreign flows for stocks as early as Monday, the latest policy move to shore up confidence by removing a potential source of negative data.The Shanghai and Shenzhen exchanges plan to cease displaying real-time figures on purchases or sales of local stocks through trading links with ...
Zeekr’s stock set to soar, valuing the China-based EV maker around $6.5 billion
Investors will have another way to ride the electric-vehicle sector on Friday, as China-based Zeekr Intelligent Technology Holding Ltd. is set to go public with a market valuation of more than $5 billion. ( read original story ...)
Shanghai Data Exchange Invited to BIS Innovation Summit 2024
Under the theme of "Navigating Rapid Innovation," the prestigious Bank for International Settlements (BIS) Innovation Summit 2024 was convened in Basel, Switzerland on May 6-8, 2024 to discuss how ... ( read original story ...)
China Market Update: Hong Kong Gains, Zeekr Files For US IPO, Week In Review
Asian equities were mixed but generally higher overnight as Hong Kong, Taiwan, and Japan outperformed while the Philippines and Malaysia closed lower. ( read original story ...)
Shanghai launches new campaign to boost consumption
Shanghai has launched a new campaign to attract more foreign consumers to boost spendings and position itself as an international consumption center by providing convenience, diverse experiences, and ... ( read original story ...)
Chinese venture capitalists warn IPO freeze will hit innovation
Chinese venture capitalists have warned the country's IPO freeze is starving tech startups of funds by keeping market participants locked into existing investments, undermining Beijing's current push ... ( read original story ...)
Geely’s EV unit Zeekr raises US$441 million at top end of New York IPO price range in biggest Chinese stock offering since 2021
Carmaker raised its IPO size by 20 per cent to accommodate demand from investors, sources said Zeekr's IPO is the largest by a Chinese company in the US since Full Truck Alliance raised US$1.6 billion ... ( read original story ...)