A fire and anti-terrorism drill is held in Shanghai’s second tallest building in Pudong’s Lujiazui area on November 2, 2017 to train workers’ responses in an emergency. The drill at the Shanghai World Financial Center simulated an attempt of two ... ( read original story ...)
The Oil Company That Lost $800 Billion In Shareholder Value
Ten years later, almost to the date, PetroChina’s Shanghai-listed shares have dropped by a staggering 82 percent since the IPO, wiping out shareholder value of $800 billion, Bloomberg calculated. That’s more than the current market capitalization of ... ( read original story ...)
Shanghai stocks fall as economy, liquidity concerns resurface
Shanghai-based strategist at CIB Research. In the stock market, the impact of rising yields "is being gradually felt," he said. But a correction in China's A-shares could be seen as a bargain-hunting opportunity for some overseas investors. Foreign ... ( read original story ...)
Not until 2020 – comments by Musk on Tesla’s Shanghai factory hit suppliers’ and property stocks
Shares in Tesla suppliers and a Shanghai real estate developer plunged on Thursday, following comments by Tesla chief executive Elon Musk that the electric car maker would not open a widely anticipated factory and make cars in China until 2020. Musk said ... ( read original story ...)
Shanghai property developer Future Land eyes co-living opportunities in Hong Kong
Shanghai-based Future Land Development has set its sights on Hong Kong’s co-living spaces. The Chinese developer, which builds homes in 40 cities across the mainland, said on Wednesday it has invested around HK$500-HK$600 million this year in two ... ( read original story ...)
Biggest stock collapse in world history: This company has lost $800B in market value — and it’s still not a buy
It’s going to take more than the biggest stock slump in world history to convince ... When it listed in Shanghai in 2007, bubbles in both oil and the Chinese equity market were primed to burst, while the global financial crisis was just around the ... ( read original story ...)
Hong Kong stock market a top global performer
Nearly 90 percent of Chinese mainland investors started to invest in the Hong Kong market in the past three years. This indicates that programs of the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect, launched in 2014 and 2016 ... ( read original story ...)