BEIJING (Reuters) - China’s central bank Shanghai Head Office said on Tuesday investors should increase risk awareness for initial coin offerings (ICOs) and virtual currency investment and not ... ( read original story ...)
China’s Central Bank Has $1.3 Trillion Money-Fund Headache
The People’s Bank of China offered no immediate response to a fax seeking comment about the funds’ growth affecting efforts to support loans. Savers have plenty of reason to keep turning to money-mark... ( read original story ...)
IPO Roundup: Luxury fashion e-commerce platform Farfetch’s IPO may raise more than US$600mln
The Chinese fintech operates a peer-to-peer lending platform. The Shanghai-based company will offer 11 million shares priced between US$9 and US$11. The IPO could raise as much as US$122mln. Bank7 Cor... ( read original story ...)
Meanwhile in China, Implosion of Stock-Market Double-Bubble
Stock-market bubbles don’t end well ... and the implosion of nearly 5,000 P2P lenders that have sprung up since 2015. And so today, the Shanghai Composite Index dropped 1.1% to 2,651.79. This is a big ... ( read original story ...)
Yahoo Finance – Business Finance, Stock Market, Quotes, News
China’s sinking stock market reached an unwelcome milestone, with the Shanghai Composite Index closing at the lowest level since 2014, before a stock boom that turned into a $5 trillion bust.The ... ( read original story ...)
Analysts Say Mainland Stock Market Turnabout Still Not in Sight
“We believe we should increase stock allocation, but the market’s confidence recovery will take time, and its process is unpredictable.” The Shanghai gauge entered bear market territory in late June a... ( read original story ...)
Mild Rebound Called For China Stock Market
(RTTNews.com) - The China stock market headed south again on Friday, one session after it had ended the three-day losing streak in which it had stumbled almost 50 points or 1.9 percent. The Shanghai C... ( read original story ...)