The world-beating slump on Chinese equity markets may have more room to run, if the number of companies with stock prices below either their 200-day moving averages or book values is anything to go by ... ( read original story ...)
GLOBAL MARKETS-Stock market’s advance grinds to a halt on China concerns
LONDON, Aug 30 (Reuters) - Stock market gains came to a grinding halt on Thursday ... with broad gains across the region offset by losses in China. The Shanghai Composite Index .SSEC slid 0.9 percent ... ( read original story ...)
Country’s first financial court opens in Shanghai
Shanghai Financial Court, China’s first to specialize in finance cases, opened Monday as the city strives to become a global financial center. The court, at 209 Fuzhou Road, received its first case at ... ( read original story ...)
China’s top bank ICBC flags trade war risks as profits rise
SHANGHAI/BEIJING (Reuters) - Industrial and Commercial Bank of China, the world’s largest commercial bank, joined its peers in reporting higher first-half profit and a steady bad loan ratio ... ( read original story ...)
Chinese Tesla rival NIO revs up US$1.3bn IPO on NYSE
Shanghai-based electric-vehicle maker NIO Inc, which has billed itself as a potent rival to Tesla, is seeking to raise US $1.3bn in an initial public offering (IPO) and planning to list on the New Yor... ( read original story ...)
IPO market highlights depth of US-China economic ties
The event took place simultaneously in New York and Shanghai, with the action relayed live between the two venues. The IPO valued the three-year-old company at around $20 billion. Robert H. ( read original story ...)
A Chinese Tesla Rival Launches $1.3 Billion U.S. IPO
The Shanghai-headquartered company ... when the company was hoping to raise at least $2 billion in its IPO, according to an earlier report by The Wall Street Journal. NIO was incorporated in 2014 by C... ( read original story ...)