Chinese investors are swapping their bets in equities for safe-haven money market funds (MMFs) as stock markets continue to be volatile on the back of concerns about domestic policy tightening and ... ( read original story ...)
Central bank pledges continued opening-up of financial industry
The People's Bank of China (PBOC), the central bank, said Monday that it will resolutely push forward the opening-up of the country's financial industry in a sound and orderly manner. Measures ... ( read original story ...)
Ant Group says it’s shooting for a record-breaking $30 billion IPO by October
Fintech behemoth Ant Group Co. will attempt the world’s largest ever IPO by raising $30 billion in Shanghai and Hong Kong, likely by October, Chinese media reported Monday. Ant is valued at roughly ... ( read original story ...)
Here’s Why Nio Stock Is Just Getting Started
Stock Market News, Stock Advice & Trading Tips Whether or not the stock market is overheated is increasingly a contentious ... ( read original story ...)
Why Apple Stock Coasted 5% Higher This Morning
Shares of tech giant and iPhone-maker Apple (NASDAQ:AAPL) are up a strong 15.5% over the past week, soaring to an all-time high after reporting strong third-quarter earnings and a surprise 4-for-1 ... ( read original story ...)
Asian Shares Mixed; Nikkei Jumps Over 2 Percent after Yen Plunge, Shanghai Boosted by Manufacturing PMI
Pacific stock indexes finished mixed on Monday but mostly lower with both the Nikkei and Shanghai indexes posting more than 1.50% gains while the others sputtered. Japanese shares snapped six ... ( read original story ...)
Shanghai Electric has been awarded EPC contract for 5th phase project of Dubai solar park
Shanghai Electric Group has been appointed by ACWA Power of Saudi Arabia, as the Engineering, Construction and Procurement (EPC) contractor, to deliver the fifth phase project of the Mohammed Bin ... ( read original story ...)