China told its biggest banks to increase the use of the yuan in trade with foreign partners, raising the required ratio to 40% from 25%, according to Bloomberg. ( read original story ...)
Hong Kong to ride IPO wave as global investors pour in, JPMorgan says
A number of companies will attract support like CATL did in its US$5.23 billion debut, JPMorgan's Paul Uren says The Hong Kong stock exchange is set to be inundated with initial public offerings (IPOs ... ( read original story ...)
Is the stock market open on Memorial Day 2025?
U.S. investors can take a breather and enjoy the spring weather on Memorial Day. The US market will be closed on Monday, May 27, for Memorial Day, giving investors an extended weekend. Memorial Day is ... ( read original story ...)
Shanghai’s Changfeng Xincun: A hub of growth, global exchange
Changfeng Xincun subdistrict in Shanghai's Putuo district is emerging as a bustling hub of economic prosperity, age-friendly inclusivity, and international connectivity, showcasing a vibrant vision ... ( read original story ...)
China pushes for more bank mergers to make financial sector shockproof
A system with more big banks and brokerages would help “shape China’s financial policies in the long period of economic transitions that lies ahead . . . and can help de-risking the system in the ... ( read original story ...)
Sinovel Wind’s Shanghai IPO to Raise Up to $1.4 Billion
in an initial public offering ahead of a Shanghai listing, bucking the trend of Hong Kong listings by China's wind power firms. The planned offering is set to be the biggest mainland IPO by a ... ( read original story ...)
China lowers deposit rate ceiling to protect banks’ interest margins, sources say
China has lowered the ceiling of deposit rates, three banking sources with direct knowledge of the guidance said on Friday, as authorities seek to protect banks' profit margins and discourage savings. ( read original story ...)