Chow Tai Fook, China’s biggest jewellery retailer by sales, has closed about 1,000 mainland stores this year, a reduction of 15 per cent. The company on Tuesday reported net profit of HK$2.5bn ... ( read original story ...)
Shanghai bets on manufacturing to buttress finance in two-pronged growth plan
City’s next five-year plan expected to contain measures designed to lift manufacturing’s share of GDP to no less than 25 per cent. ( read original story ...)
Is The Stock Market Open Today? Dow Futures Muted Heading Into Shortened Session
An ongoing CME outage has led to a trading halt across futures and options markets for equities, bonds, and commodities on exchanges operated by the company. ・Asian markets ended Friday’s trading ... ( read original story ...)
UPDATE 1-Bank of Shanghai gets new chairman before IPO
SHANGHAI, Aug 27 (Reuters) - The Shanghai city government has appointed a new chairman to Bank of Shanghai, China's biggest city commercial bank, before its planned initial public offering of shares, ... ( read original story ...)
Is Moore Threads Truly the “NVIDIA of China” as It Approaches Its Mega-IPO?
Moore Threads, a prominent player in the gaming GPU industry, is gearing up for a major IPO in Shanghai, earning the nickname "NVIDIA of China" by some. This ambitious mo ... ( read original story ...)
Hang Seng Bank Announces Privatization Proposal and Receives Regulatory Consents
Hang Seng Bank ( ($HK:0011) ) has issued an announcement. Hang Seng Bank Limited has announced a proposal for its privatization by The Hongkong ... ( read original story ...)
Moore Threads’ IPO frenzy fires up China’s home-grown GPU drive
Chinese investors continue to clamour for AI chip plays as Moore Threads IPO draws 4,000 times subscription Chinese onshore investor frenzy for artificial intelligence chips has intensified, with the ... ( read original story ...)