Chinese smartphone maker Honor is receiving an unusually high level of support from local government backers, as the former Huawei (HWT.UL) unit prepares an initial public offering (IPO), according to ... ( read original story ...)
INSIGHT–How billionaire Jack Ma fell to earth and took Ant’s mega IPO with him
A day later, the Shanghai stock exchange said it had suspended Ant’s IPO, citing a “significant change” in the regulatory environment, prompting the company to also freeze the Hong Kong leg ... ( read original story ...)
Chinese yuan rally puts central bank’s next moves in spotlight
SHANGHAI/HONG KONG -- This week's market turmoil stemming from Japan may have given China's central bank an unlikely assist in its battle to stimulate economic activity. ( read original story ...)
Chinese retail investors, eager for returns, looked overseas – then came Monday
Chinese investors, frustrated with low returns in the domestic market, opted to move capital into overseas funds and cryptocurrencies – a potentially grievous error in the context of Monday’s global ... ( read original story ...)
China stocks, yuan ease despite regional rebound
SHANGHAI: China stocks fell to six-month lows on Tuesday despite a regional relief rally, and the yuan eased from Monday’s seven-month high against the dollar, challenging views Chinese assets would ... ( read original story ...)
Exclusive: China asks large state financial institutions to drop auditor PwC, say sources
Chinese regulators have in recent months asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor as it braces for penalties over its work for troubled property ... ( read original story ...)
Shanghai’s Pudong Launches USD5.5 Billion Innovation Loan Scheme
(Yicai) Aug. 2 -- Shanghai’s Pudong New Area is rolling out a new financial service mechanism, called Innovation Loans, that links venture capital, banks and businesses, and will provide over CNY40 ... ( read original story ...)