On the southern Chinese island of Hainan, a duty-free shopping paradise, mainland tourists keen to splurge will often patiently line up for an hour or more to enter a Gucci, Tiffany or other luxury ... ( read original story ...)
Abu Dhabi Commercial Bank to exit operations in China
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) will exit its operations in China, as the China Banking and Insurance Regulatory Commission (CBIRC) has approved the closure of the bank's branch ... ( read original story ...)
China and world at risk of financial turmoil greater than 2008 crisis, ex-finance minister warns
Extent of China’s V-shaped economic recovery will ultimately depend on the performance of the global economy, and the ongoing wave of anti-globalisation is cause for alarm in the near-term, Lou Jiwei ... ( read original story ...)
China Stock Market Poised To End Losing Streak
The China stock market has finished lower in three straight sessions, sinking more than 60 points or 2 percent along the way. The Shanghai Composite Index now sits just above the 3,215-point plateau ... ( read original story ...)
Industry’s First Financial Service Model Oriented to “Intelligent Things”, SPD Bank and Huawei Release Bank of Things White Paper
At HUAWEI CONNECT 2020, Pan Weidong, President of Shanghai Pudong Development Bank (SPD Bank), and David Wang, Huawei Executive Director ... ( read original story ...)
Mainland China and Hong Kong expected to finish 2020 as top IPO destinations after strong Q3, KPMG analysis finds
The Shanghai Stock Exchange is expected to claim the top spot globally in terms of both IPO fundraising and number of listings year-to-date as at end of the third quarter of 2020 while Hong Kong ranks ... ( read original story ...)
Uber, Tesla Stocks Gain: What to Watch When the Market Opens Today
U.S. stock futures rallied, suggesting that markets may recover ground following four consecutive weeks of declines. ( read original story ...)