Tencent is valued at 36 times estimated 2018 earnings -- 56 percent more expensive than Facebook Inc. Ping An's Hong Kong stock, meanwhile, is trading at a rare premium to its yuan-denominated shares in Shanghai ... in a Hong Kong IPO. ( read original story ...)
China shares lower at close of trade; Shanghai Composite down 0.09%
Declining stocks outnumbered rising ones by 758 to 563 and 43 ended unchanged on the Shanghai Stock Exchange. The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 4.36% to 22.97. In commodities trading ... ( read original story ...)
China stocks lower at close of trade; Shanghai Composite down 0.09%
Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 758 to 563 and 43 ended unchanged. Shares in Xiamen Overseas Chinese Electronic Co Ltd (SS:600870) fell to 52-week lows; losing 10.00% or 0.660 to 5.940. Shares in Cangzhou Mingzhu ... ( read original story ...)
Financial institution backing out of new tar sands, fossil fuel projects
Europe’s largest international financial institution, HSBC (Hong Kong and Shanghai Banking Company) has made a major announcement today. The worlds seventh largest lender said it will no longer finance any new developments dealing with Canada’s tar ... ( read original story ...)
China approves 2 IPO applications
while Fuda Alloy Materials will be listed on the Shanghai Stock Exchange. The firms and their underwriters will confirm IPO dates and publish prospectuses following discussions with the exchanges. Under the current IPO system, new shares are subject to ... ( read original story ...)
Financial institutions backing out of tar sands, fossil fuels
Europe’s largest financial institution, HSBC (Hong Kong and Shanghai Banking Company) has made a major announcement today. The worlds seventh largest lender said it will no longer finance projects dealing with coal in developed countries, Arctic drilling ... ( read original story ...)
China’s Ant Financial shows cashless is king
Alibaba founder Jack Ma with the actor Nicole Kidman during the lavish Singles Day celebration held in Shanghai last November © Reuters Ant Financial is now one of the backbones of consumption in China. Including its rival Tencent, the two companies make ... ( read original story ...)