From post-election market moves to the faltering BABA IPO and soaring bitcoin, these are the biggest investing stories of the week. ( read original story ...)
Shanghai stock exchange suspends record-breaking Ant IPO
The Chinese fintech giant had expected to raise an unprecedented $35 billion in its stock market debut. But concerns that regulatory oversight could get in the way are now being proven right. ( read original story ...)
Hong Kong stock market debut of online finance giant Ant Group postponed; move follows similar postponement in Shanghai
Hong Kong stock market debut of online finance giant Ant Group postponed; move follows similar postponement in Shanghai ... ( read original story ...)
China’s world-beating stock market tops US$10 trillion for first time since 2015 as economy shakes off Covid-19 pain
has exceeded US$10 trillion in total capitalisation for the first time since the infamous rout in 2015, with the benchmark gauge topping all major global equity indexes as the government brought ... ( read original story ...)
China’s central bank says Ant IPO halted to safeguard investors, consumers
The move comes amid broader efforts by Chinese policymakers to prevent systemic financial risks and curb rising debt ... ( read original story ...)
Shanghai ranks 6th globally in economic aggregate: report
Shanghai ranks sixth among cities globally in terms of economic aggregate, according to a report released on Friday at the ongoing China International Import Expo (CIIE). The report, by the ... ( read original story ...)
China’s Central Bank Says Ant’s IPO Suspension Is to Safeguard Consumer, Investor Interests
The decision to suspend Ant Group's planned initial public offering in China was based on a comprehensive consideration about safeguarding the interests of financial consumers and investors, a senior ... ( read original story ...)