China might further tighten control over large Fintech firms by limiting their banking partners, according to former finance minister. ( read original story ...)
China Ex-Minister Sees Curbing of Fintech, Bank Tie-Ups: Report
China should consider further tightening control over fintech giants by restricting the number of banks they can partner with, the Securities Times cited a former finance minister as saying. Bad loans ... ( read original story ...)
Balance of loans in Shanghai rises in November
The balance of loans in Shanghai stood at 8.39 trillion yuan (about 1.28 trillion U.S. dollars) at the end of November, up 6 percent year on year. The balance of loans in Chinese yuan reached 7.73 ... ( read original story ...)
Chinese cancer biotech Gracell Biotechnologies files for a $100 million US IPO
G racell Biotechnologies, a Phase 1 Chinese biotech developing CAR-T cell therapies for cancer, filed on Friday with the SEC to raise up to $100 million in an initial public offering. The company aims ... ( read original story ...)
China’s stock exchanges and ‘Millionaire Yang’ mark 30 years of pride, fascination with Communist-style capitalism
The birth of China’s stock market 30 years ago has been a source of pride and fascination for the nation. The rags-to-riches tale of pioneer trader ‘Millionaire Yang’ is an inspiration to its 175 ... ( read original story ...)
China Market Update: FTSE’s Index Rebalance Drives Asian Equity Volumes, Week In Review
Foreign investors bought a whopping $1.2 billion worth of Mainland stocks, bringing the year-to-date cumulative inflow to nearly $25 billion. ( read original story ...)
China to dominate world IPO league in 2020: report
The Hong Kong and Shanghai stock exchanges are expected to rank second and third among global exchanges for the amount of "IPO proceeds," consisting of funds raised from IPOs and secondary ... ( read original story ...)