Tourists gather at the downtown area of Shanghai. [WANG GANG/FOR CHINA DAILY] Boon Sing Ang, a Malaysian business executive who lives and works in Suzhou, Jiangsu province, last month became the ... ( read original story ...)
China Stock Market Has Solid Lead For Friday’s Trade
The China stock market on Thursday wrote a finish to the five-day slide in which it had retreated more than 210 points or 6.3 percent. The Shanghai Composite index now sits just beneath the ... ( read original story ...)
What is behind China’s US$1.4 trillion stock market rout, what are officials saying and can we expect a bailout?
Mainland Chinese stocks have gone from world beaters to a wreck in a space of two months. Lofty valuations and policy risks abound. Speculation on state intervention or bailout could follow, given ... ( read original story ...)
SMM Morning Comments (Mar 12): Shanghai base metals were mostly higher following US stocks climbing to record highs overnight
Shanghai base metals were mostly higher on Thursday morning. Meanwhile, their counterparts on the LME rose across the board as ECB vows to ramp up bond buying. SHANGHAI, Mar 12 (SMM) — Shanghai base ... ( read original story ...)
Cango Inc. Reports Fourth Quarter and Full Year 2020 Unaudited Financial Results
Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading automotive transaction service platform in China, today announced its unaudited financial results for the fourth quarter and full year of ... ( read original story ...)
Ant Group-backed bike-rental app Hello Inc files for US IPO
Hello Inc's filing shows that the sector's few remaining players now seek sustainable growth after reckless expansion in earlier years. ( read original story ...)
Asia-Pacific markets mostly advanced as Chinese and South Korean shares led gains
Overnight in the U.S., the passing of the new stimulus package spurred investors to snap up stocks that will benefit from a faster recovery from the pandemic. ( read original story ...)