The total value of China’s stock market has climbed to a record high of more than $10tn, as the country’s accelerating economic recovery propelled it past the previous peak hit during an equities ... ( read original story ...)
Market value of Chinese companies reaches record high
The total value of all stocks listed in bourses in Shanghai and Shenzhen secured a new peak of $10.08 trillion as markets closed on Tuesday, the same day that Beijing released positive trade data, the ... ( read original story ...)
China’s stock market passes $10 trillion
Chinese stock valuations have hit a record high ... The CSI 300 – the benchmark index of Shenzhen and Shanghai stocks – is up 17pc this year. Despite being the initial epicentre of the Covid-19 ... ( read original story ...)
Hong Kong forex intervention hits highest since 2009 financial crisis
Hong Kong's central bank has sold more of its local currency so far this year than it did in any full year since the global financial crisis, in a bid to stop the unit strengthening and breaking its ... ( read original story ...)
The World’s Largest Potential IPO Is Under Threat
Billionaire Jack Ma’s Ant Group is said to be seeking a valuation of about $250 billion as it plans a dual listing in Hong Kong and Shanghai, which could raise at least $35 billion. The ... ( read original story ...)
Ant Group’s IPO reportedly faces delays as Chinese regulator conducts a probe
Alibaba’s affiliate Ant Group is seeking to raise US$35 billion in a dual listing in Hong Kong and Shanghai as early as this month ... s Listing Committee on September 24 and then launch the IPO after ... ( read original story ...)
Breakingviews – Ant’s IPO delay flags a recurring headache
Technology firms, particularly finance-focused ones in China, are used to operating at the cutting edge of regulation. But overconfidence is always a risk, as Chinese fintech champion Ant ... ( read original story ...)