Annual profits of the Hong Kong and Shanghai Banks down by 62%

Hang Seng in Hong Kong drop by 41%. Hong Kong (AsiaNews) - The 2016 HSBC (Hong Kong and Shanghai Bank) profits have plummeted by 62% in one year according to President Douglas Flint. Announcing the drop today he insisted it was "quite satisfactory" given ... ( read original story ...)

Panic Over China Is So Last Year, With Market Swings Subsiding

The Shanghai stock market isn’t swinging so wildly any more. The interest of China’s dominant retail investors hasn’t returned since the crash in 2015, and more funds are entering Hong Kong shares through a connect program, propelling the local ... ( read original story ...)

China greenlights 12 IPOs

Six firms will be listed on the Shanghai stock exchange, two on the Shenzhen small and medium enterprise board and four on the ChiNext, China's NASDAQ-style board. The firms and their underwriters will confirm the IPO dates after discussing with the stock ... ( read original story ...)

China's Bitcoin Drama Isn't A Financial Meltdown

the total market was valued at over $10 trillion and the Shanghai Stock Exchange made up $5.9 trillion of that sum. In just two weeks, it lost 30% of its value. The losses were enormous and affected investors large and small, resulting in financial panic ... ( read original story ...)