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 ...)
Jack Ma’s Ant Group Raises IPO Valuation Target to $280 Billion
Despite the U.S. headwinds, Jack Ma’s Ant is moving ahead with what could be the world’s largest IPO, with same-day listings in Hong Kong and Shanghai, the people said. At $280 billion, Ant would be ... ( read original story ...)
Financial Sectors Pull Up China’s Stock Markets to Mixed Close
China's mainland stock markets narrowed their losses in the afternoon to close mixed after a late rally by the financial sectors. The Shanghai Composite Index ended the day up 0.13 percent at 3,336.36 ... ( read original story ...)
China will extend IPO reforms to other markets when appropriate: Xinhua
China will extend its initial public offering (IPOs) reforms to all parts of its stock markets at an appropriate time, state media Xinhua reported on Thursday, quoting the head of the securities ... ( read original story ...)
China’s Ant Group adds to list of financial advisers as world’s largest unicorn prepares for jumbo IPO
China's Ant Group is adding to its list of financial advisers in preparation for launching its jumbo initial public offering in Hong Kong and Shanghai, according to people familiar with the matter. ( read original story ...)
Westpac Banking to retreat from the east
Australia’s Westpac Banking Corp is exiting banking operations in China and some other Asian markets to focus on its core domestic and New Zealand businesses, as it grapples with capital constraints ... ( read original story ...)