Tired of the hyper-competitiveness of metropolises like Beijing and Shanghai, a new generation is beginning to move to cities like Chengdu and Changsha ... ( read original story ...)
Gold rally dents sales at China’s jewellery retailers
Chow Tai Fook, China’s biggest jewellery retailer by sales, has closed about 1,000 mainland stores this year, a reduction of 15 per cent. The company on Tuesday reported net profit of HK$2.5bn ... ( read original story ...)
Shanghai bets on manufacturing to buttress finance in two-pronged growth plan
City’s next five-year plan expected to contain measures designed to lift manufacturing’s share of GDP to no less than 25 per cent. ( read original story ...)
Is The Stock Market Open Today? Dow Futures Muted Heading Into Shortened Session
An ongoing CME outage has led to a trading halt across futures and options markets for equities, bonds, and commodities on exchanges operated by the company. ・Asian markets ended Friday’s trading ... ( read original story ...)
UPDATE 1-Bank of Shanghai gets new chairman before IPO
SHANGHAI, Aug 27 (Reuters) - The Shanghai city government has appointed a new chairman to Bank of Shanghai, China's biggest city commercial bank, before its planned initial public offering of shares, ... ( read original story ...)
Is Moore Threads Truly the “NVIDIA of China” as It Approaches Its Mega-IPO?
Moore Threads, a prominent player in the gaming GPU industry, is gearing up for a major IPO in Shanghai, earning the nickname "NVIDIA of China" by some. This ambitious mo ... ( read original story ...)
Hang Seng Bank Announces Privatization Proposal and Receives Regulatory Consents
Hang Seng Bank ( ($HK:0011) ) has issued an announcement. Hang Seng Bank Limited has announced a proposal for its privatization by The Hongkong ... ( read original story ...)