Tencent is valued at 36 times estimated 2018 earnings -- 56 percent more expensive than Facebook Inc. Ping An's Hong Kong stock, meanwhile, is trading at a rare premium to its yuan-denominated shares in Shanghai ... in a Hong Kong IPO. ( read original story ...)
China shares lower at close of trade; Shanghai Composite down 0.09%
Declining stocks outnumbered rising ones by 758 to 563 and 43 ended unchanged on the Shanghai Stock Exchange. The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 4.36% to 22.97. In commodities trading ... ( read original story ...)
China stocks lower at close of trade; Shanghai Composite down 0.09%
Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 758 to 563 and 43 ended unchanged. Shares in Xiamen Overseas Chinese Electronic Co Ltd (SS:600870) fell to 52-week lows; losing 10.00% or 0.660 to 5.940. Shares in Cangzhou Mingzhu ... ( read original story ...)
Shanghai gets automated bank with VR, robots, face scanning
Missed paying dues on your Communist Party membership? There's a bank for that - and it's fully automated. A bank in Shanghai has opened an automated branch equipped with face-scanning software, a virtual reality room and talking robots. The outlet opened ... ( read original story ...)
SHANGHAI | At war with Alibaba: Top brands fight China e-commerce giant
SHANGHAI | April 22, 2018 (AP)(STL.News)It was looking like a banner year for business in China. The U.S. clothing company was expecting a 20 percent jump in online sales on Alibaba’s Tmall, thanks to the e-commerce giant’s massive reach. But ... ( read original story ...)
GLG Doubles Size Of Shanghai Office
The building is located in downtown Shanghai, four blocks south of the Xintiandi area, above the Mandang Road metro station on lines 9 and 13. The new office doubles the capacity of GLG's previous Shanghai location. "Our business in China continues to ... ( read original story ...)
Financial institution backing out of new tar sands, fossil fuel projects
Europe’s largest international financial institution, HSBC (Hong Kong and Shanghai Banking Company) has made a major announcement today. The worlds seventh largest lender said it will no longer finance any new developments dealing with Canada’s tar ... ( read original story ...)