China's Shanghai Composite peaked in October 2007. So did the U.S. stock market. Unlike the U.S. stock indexes, though, the Shanghai never regained its peak. The Shanghai Composite is down 48% since Oct. 31, 2007. Compare that to the Nasdaq and the S&P 500 ... ( read original story ...)
Exclusive: Ant Financial shifts focus from finance to tech services: sources
BEIJING/SHANGHAI (Reuters) - Ant Financial Services Group [ANTFIN.UL], the dominant Chinese fintech company, is shifting its main focus to technology services and away from payments and consumer finance as Beijing’s crackdown on financial risk deepens ... ( read original story ...)
Ant Financial shifts focus from finance to tech services: Source
Beijing/Shanghai: Ant Financial Services Group, the dominant Chinese fintech company, is shifting its main focus to technology services and away from payments and consumer finance as Beijing’s crackdown on financial risk deepens, four sources with ... ( read original story ...)
Shanghai’s answer to Manhattan in the making
Twelve kilometres south of Shanghai’s financial hub of Lujiazui, workers are putting the finishing touches to a glitzy-looking office tower designed to resemble a crystal which dominates the skyline. The futuristic-looking edifice designed by American ... ( read original story ...)
That calm Chinese stock market? It’s engineered by the state
The Shenzhen Stock Exchange and China's securities regulator, the China Securities Regulatory Commission, didn't respond to requests for comment. China's other main equities market, the Shanghai Stock Exchange, declined to comment. Interventions appear to ... ( read original story ...)
China’s moves to cap first-day IPO gains prove to be a winning ticket for issuers and investors
For A-share IPOs, the measures introduced by the Shanghai and Shenzhen stock exchanges in June 2015 to cap the first-day gains at 44 per cent to tame speculative price swings, have turned out to be a “sure win” for issuers and investors. All 432 ... ( read original story ...)
Shanghai stock exchange adjust pricing mechanism for market close
SHANGHAI, June 1 (Reuters) - The Shanghai Stock Exchange said on Friday it plans to adjust the way closing prices are generated in a bid to adopt international practices and aid price stability. SSE said on its website that it plans to adopt the auction ... ( read original story ...)