Index heavyweights were off with AIA -2.29%/-58 index points, HSBC -1.77%/-39 index points, and China Mobile -3%/-28 index points. ( read original story ...)
China’s central bank says economy faces risks from global pandemic, efforts against domestic resurgence
China's central bank said on Sunday that the country's economic growth faces challenges from the global coronavirus pandemic, despite signs of improvement amid business re-openings. ( read original story ...)
China plans to grant investment banking licenses to lenders – Caixin
China's securities regulator plans to grant investment banking licenses to commercial lenders as part of efforts to breed industry behemoths in the face of fiercer foreign competition, business ... ( read original story ...)
Shanghai, Santa Clara software IPO soars after it tops targets, raises $350M
The Chinese #software company, whose U.S. headquarters is in Santa Clara, raised $350 million Friday in an #IPO that topped its price targets. It is the first Wall Street debut of the year by a Bay ... ( read original story ...)
China pledges continued economic support but warns of liquidity hangover
China will maintain ample financial system liquidity in the second half of the year as the economy recovers from the coronavirus but will need to consider withdrawing that support at some point, its ... ( read original story ...)
‘We are walking towards a default’: Hong Kong real estate fund stumbles as coronavirus tips Shanghai commercial property into bear market
The US-China trade war and Covid-19 have exposed rare distress at a US$7.7 billion Hong Kong-based real estate fund, offering a cautionary tale for investors in China’s property market. ( read original story ...)
China’s regulator gets tough on insider trading as it metes out record penalty on wrongdoers in the financial markets
The regulator is getting tough in its resolve to instil financial discipline in Asia’s largest capital market, as a wave of cheap money - unleashed to help global economies recover from the ... ( read original story ...)