China has established a bank in Shanghai where everything is run entirely by robots. The robots greet customers and manage their accounts as well. The bank is named as China Construction Bank (CCB). It is equipped with many smart automated tellers which ... ( read original story ...)
WuXi AppTec raises $902.62 million in Shanghai IPO
China's leading global contract research outsource provider WuXi AppTec, successfully listed on the main board of the Shanghai Stock Exchange on Tuesday, marking the nation's first unicorn enterprise to get initial public offering approval on the A-share ... ( read original story ...)
Sensex Jumps Over 150 Points, Nifty Touches 10750, ICICI Bank Surges 7%
China's Shanghai Composite Index also edged higher by 0.59 per cent. According to market observers, healthy buying was witnessed in consumer durables, metals, automobile and banking stocks. USA stocks logged sharp gains on Friday as technology stocks ... ( read original story ...)
Listing in Shanghai, WuXi AppTec raises a $354M IPO for China R&D facilities
One day after Hong Kong’s stock exchange scored its first pre-revenue IPO application, Shanghai Stock Exchange got its own time in the limelight as global CRO WuXi AppTec hauled in $354 million (RMB2.3 billion) by going public in Shanghai. While the ... ( read original story ...)
Shanghai needs a more resilient market to challenge London
China has big dreams for Shanghai’s financial sector. Last autumn’s Communist party Congress set the theme of “reform and opening-up” as a key strategic target over the coming decade. Chinese president Xi Jinping recently confirmed the government ... ( read original story ...)
China Steps Up Crackdown, Imposes More Fines on Financial Firms
China’s financial regulator stepped up its crackdown on industry ... imposed the latest penalties on China Merchants Bank Co., Industrial Bank Co. and Shanghai Pudong Development Co. for more than a dozen violations at each entity, the regulator ... ( read original story ...)
Corner the market: Shanghai’s streetside stock pundits
For a quarter-century, the corner of Guangdong and Beihai roads in the heart of the huge Chinese city has been a hub of the rumours, speculation, and occasionally solid information upon which many of China's millions of market-moving small investors trade. ( read original story ...)