The Shanghai Stock Exchange said on November 3 it was suspending Ant's IPO less than 48 hours ahead of the planned start of trading because of new rules for fintech companies. A few days later, ... ( read original story ...)
Ping An Bank Wins Gartner Innovation Award for Financial Services
Company of China, Ltd. (hereafter " Ping An " or the "Group", HKEX: 02318; SSE: 601318) announced that Ping An Bank received the "Eye On Innovation Award for Financial Services 2020" from research and ... ( read original story ...)
China Stock Market Inherits Firm Lead For Tuesday’s Trade
(RTTNews) - The China stock market on Monday ended the four-day losing streak in which it had stumbled more than 60 points or 1.8 percent. The Shanghai Composite Index now sits just beneath the ... ( read original story ...)
Ant Group’s IPO ‘hiccup’ and tech sell-off brushed off by investors amid rush to tap into China’s rebounding economy
Appetite remains strong to tap mainland China’s future growth even after the collapse of Ant Group’s IPO, investors say. ( read original story ...)
Hong Kong plans to shorten IPO settlement time to one day
The consultation paper also proposes changes aimed at reducing the impact of IPOs on Hong Kong dollar liquidity. Interbank lending rates surged in the build-up to Ant Group's $37 billion joint Hong ... ( read original story ...)
Stock Market breadth regained its strength
The Shanghai index increased by 1.11%. The Dow Jones' market breadth regained its momentum. 87% of the Dow Jones stocks traded above their 200-day moving average. This is a change of +4% from a day ... ( read original story ...)
Covid-19 vaccine hope brings tailwind to Chinese airlines as CICC predicts a doubling in stock valuation
The promising outlook for a Covid-19 vaccine has powered a rally in Chinese airlines and airport operators, prompting stock analysts to make bold predictions about the pandemic-stricken air travel ... ( read original story ...)