The financial technology giant, which is 33% owned by Alibaba and controlled by billionaire Jack Ma, is seeking to list in Shanghai and Hong Kong in a concurrent IPO. A hearing with the Hong Kong ... ( read original story ...)
METALS-LME copper gains, Shanghai copper flat ahead of China Q3 GDP data
London copper rose while Shanghai prices were little changed on Monday as investors awaited third-quarter economic growth data from top metals consumer China, as well as monthly production and retail ... ( read original story ...)
Shenzhen given new powers to attract key foreign workers and develop new financial market tools under plans to develop role as China’s tech hub
Shenzhen will be granted autonomy to make its own laws on artificial intelligence and big data, relax visa restrictions to attract foreign talent, and start a stock futures index under the latest ... ( read original story ...)
Chinese banking regulator fines China Construction Bank $1m for violations
The Chinese banking regulator said on Saturday it had fined a branch of the China Construction Bank (CCB) , the country's second-largest lender by assets, 7,313,511 yuan ($1.09 million) for rule ... ( read original story ...)
Chinese currency’s sudden surge puts spotlight on central bank
China’s yuan surged past a key technical level, a sign that the central bank may soon be forced to rein in further strength in the currency. ( read original story ...)
Regulatory Holdups Slow Ant Group’s IPO Plans
A window is closing for Chinese financial-technology giant Ant Group to pull off a record-breaking initial public offering ahead of the U.S. presidential election, as regulators in mainland China and ... ( read original story ...)
China’s Bull Runs Have Ended Badly in the Past. Why This Stock Market Rally Could Have Legs.
That doesn’t mean the next dollar in Chinese stocks will be easy to earn. As in the U.S., China’s gains have been driven by a narrow wedge of tech powerhouses while the blue chips of yesteryear lag. ( read original story ...)