Loongson Technology, a Chinese producer of semiconductor chips, plans to raise CNY3.5 billion (USD543 million) from an initial public offering in Shanghai. Loongson will sell up to 42 million shares, ... ( read original story ...)
STAR Market Daily: STAR 50 falls -0.06%, RMB 51.3 bln traded
Shanghai Stock Exchange STAR 50 closed at 1,562.98 on Tuesday. The STAR Market recorded a total trading volume of 1 bln shares with a turnover value of RMB 51.3 bln, down 6.9% from yesterday. ( read original story ...)
Shanghai Composite ends nearly 1% lower; China stocks shed as virus cases threaten global recovery
The blue-chip CSI300 index closed 1.2 per cent lower at 5,190.54, snapping a five-day winning streak, while the Shanghai Composite Index shed 0.9 per cent to 3,573.18. ( read original story ...)
World Bank: 8.5% GDP growth projected for China in 2021
China's GDP growth is projected to reach 8.5 percent on a yearly basis in 2021, thanks to the pent-up demand and strong exports, according to the World Bank, which updated the economic forecasts in ... ( read original story ...)
Asian stocks fall for 2nd day after new Wall St record
Overnight, Wall Street's benchmark S&P 500 index rose 0.2% as gains for Facebook, Nvidia and other tech stocks offset losses for other industries. Investors are swinging between optimism about a ... ( read original story ...)
MORNING VIEW: Base metals down in London and Shanghai – spread of delta variant a headwind
Base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were weaker across the board this morning, Tuesday June 29, with the spread of the Covid-19 Delta variant a ... ( read original story ...)
How Jack Ma’s problems can help fintech in S’pore
Much has been written in the past months about the problems that Jack Ma, China’s maverick billionaire behind Alibaba, ran into last year. His comments on the Chinese regulatory environment for ... ( read original story ...)