The self-driving startup didn’t say how many shares it would list or give an anticipated price range in a filing with the SEC. ( read original story ...)
China Vows to Unleash More Borrowing to Spur Economy and Strengthen Banks
The finance minister said Beijing would sell bonds to supplement spending and help banks but did not detail how much. ( read original story ...)
Hengli Heavy in Shanghai listing move
Chinese shipyard Hengli Heavy Industries is set to go public via a major asset restructuring with Hengli Group-controlled ceramic products manufacturer Songfa Ceramics. Hengli Group’s shipbuilding ... ( read original story ...)
Hong Kong stocks halt 3-day decline on plan to reinvigorate IPOs, earnings outlook
Investors await details from a press conference held by China’s Housing Minister Ni Hong for reviving the nation’s property market. ( read original story ...)
China Takes More Steps to Revitalize Property Sector
China will renovate an additional one million units of urban villages and dilapidated houses by providing monetary compensation to residents, Ni Hong said at a press conference. Given that the ... ( read original story ...)
China’s stimulus package fails to impress traders, markets in Shanghai and Hong Kong slip
The world’s number-two economy has struggled to recover since lifting strict Covid controls at the end of 2022, battered by a debt crisis in the property sector and torpid consumer demand ... ( read original story ...)
Financial commentators are sulking over China
What the West seeks from China often differs from what China desires for itself. Last week, the Ministry of Finance failed to deliver a “bazooka” rocket, leaving many Western economic commentators ... ( read original story ...)