Travel between the two will be permitted starting November 22nd without the need to quarantine in either city, though travel will be limited to 200 people per day in either direction. ( read original story ...)
Pinduoduo Announces Third Quarter 2020 Unaudited Financial Results
(GLOBE NEWSWIRE) -- Pinduoduo Inc. (“Pinduoduo” or the “Company”) (NASDAQ: PDD), an innovative and fast growing technology platform and one of the leading Chinese e-commerce players, today announced ... ( read original story ...)
Latest IPO Rejection Shows China Getting Tougher on Share Sales
Just over a week since the Shanghai Stock Exchange’s stunning suspension of Ant Group Co.’s blockbuster listing, its rival in Shenzhen turned down another hopeful for the first time since new rules ... ( read original story ...)
Shanghai overnight interbank rate jumps to 10-month high
The Shanghai Interbank Offered Rate (SHIBOR) for the overnight tenor rose to 2.521% on Thursday, the highest since Jan. 17. ( read original story ...)
China, HK stocks slip as data shows soft growth in bank loans
China stocks slipped on Thursday after data showed that the country’s new bank loans last month fell more than expected to their lowest in a year on tightened loan quotas. ** The CSI300 index was down ... ( read original story ...)
Ant IPO And Central Bank Digital Currency: A New Era Of China’s Financial Regulation
China's new FinTech regulations that halted Ant Financial's IPO could reduce its valuation by as much as $140 billion, according to Bloomberg. ( read original story ...)
Hong Kong exchange operator backs decision to halt Ant’s record IPO
Hong Kong stock exchange, which missed out on the chance to host Ant Group's record $37 billion listing this month, believed the move to suspend the IPO was the right one and hoped the Chinese fintech ... ( read original story ...)