Shanghai's pursuit of building itself into a global financial center will gather pace as the city further opens such sectors as insurance, wealth management and investment banking, said "The city has ... ( read original story ...)
Material, financial stocks boost China shares; Hong Kong up
Chinese shares rose on Tuesday, led by gains in blue-chip financial and material companies, as investors bet more on a swift economic recovery from the pandemic. ** At the midday break, the Shanghai ... ( read original story ...)
ANALYSIS-Fin or tech? China’s Ant, biggest-ever IPO, says it’s a tech firm not a bank
China's Ant Group , about to make the biggest public sale of shares ever, poses a basic conundrum: what kind of company is it - a financial colossus or a tech giant? ( read original story ...)
China’s biggest investment bank CICC in tame stock market debut that may signal shifting focus of traders
China International Capital Corporation (CICC), the country’s biggest investment bank, saw its share price fall back after shooting up to the daily maximum briefly on its debut in Shanghai on ... ( read original story ...)
China Evergrande sells Guanghui stake to Shenergy in asset disposal plan after breaching central bank’s ‘red lines’ on debt
China Evergrande Group, the world’s most indebted real estate developer, has agreed to sell an investment a little more than two years after buying it, part of its asset disposal programme to generate ... ( read original story ...)
CICC Lists on SSE Main Board Today, Aiming to Become a First-class International Investment Bank
China International Capital Corporation Limited (CICC, stock code: 03908.HK, 601995.SH) announces that it is successfully listed on the Main Board of Shanghai Stock Exchange today. The stock code is ... ( read original story ...)
Shanghai’s global hub ambitions take a hit as high-tech rival Shenzhen’s new-found autonomy threatens to put it in the shadows
Shanghai’s efforts to build itself into an international financial hub suffered a blow when Beijing granted greater autonomy to Shenzhen, according to analysts. ( read original story ...)