The China stock market has finished lower in three straight sessions, sinking almost 50 points or 1.4 percent along the way. The Shanghai Composite Index now rests just beneath the 3,500-point plateau ... ( read original story ...)
Monthly Market Wrap – October 2021
New home sales jumped 14% to an annual rate of 800,000 – beating the prior month and the consensus. The unemployment rate dropped from 5.2% to 4.8%, beating estimates of 5.1%. It currently stands at ... ( read original story ...)
China’s Soul, Keep Eye Shifting U.S. IPOs to Hong Kong
The startups behind Chinese social networking platform Soul and home workout trainer Keep are the latest to join a slew of companies weighing Hong Kong initial public offerings after suspending plans ... ( read original story ...)
STAR Market Daily: STAR 50 falls 0.43%, RMB 43.1 bln traded
Shanghai Stock Exchange STAR 50 closed at 1,399.55 on Wednesday. The STAR Market recorded a total trading volume of 0.7 bln shares with a turnover value of RMB 43.1 bln, down 21.8% from yesterday. ( read original story ...)
China’s Bank of Communications accuses Sinopec of fraud in legal row
The Bank of Communications has accused Chinese oil trader Sinopec, the world’s second-biggest company by revenue, of fraud in a legal row over four letters of credit (LCs) extended in 2019. Police in ... ( read original story ...)
Shanghai speed in handling of epidemic flare-up a hint of China’s system
On October 31, the Shanghai Disney Resort suddenly shut down after a confirmed COVID-19 case was found to have visited there one day earlier. This news was quickly reported by media globally. Here ... ( read original story ...)
China Stock Market May Find Traction On Wednesday
The China stock market has moved lower in back-to-back trading days, sinking more than 40 points or 1.2 percent along the way. The Shanghai Composite Index now rests just above the 3,500-point plateau ... ( read original story ...)