BEIJING (dpa-AFX) - The China stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had gathered more than 70 points or 2.3 percent. The Shanghai Composite Index now rests just beneath the 3,165 ... ( read original story ...)
Foxconn unit luring cornerstone investors for Shanghai IPO
HONG KONG (Reuters) - An internet and industrial-focused unit of Taiwanese electronics manufacturer Foxconn (2317.TW) plans to sell 30 percent of its public share offering in Shanghai to a group of cornerstone-type investors, its prospectus showed, a rare ... ( read original story ...)
Inside Shanghai’s robot bank: China opens world’s first human-free branch
Pay pal … Xiao Lang, or Little Dragon, at the China Construction Bank on Jiujiang Road, Shanghai. Photograph: Imaginechina/Rex/Shutterstock Xiao Long, the latest employee at the Jiujiang Road branch of the China Construction Bank is never late for work. ( read original story ...)
Foxconn’s unit plans Shanghai IPO, raising capital to upgrade production, projects
HONG KONG (Reuters) - Foxconn Industrial Internet Co Ltd, an internet and industrial-focused unit of Taiwan’s Foxconn (2317.TW), filed an application on Monday for an initial public offering in Shanghai to raise capital to upgrade production and for 5G ... ( read original story ...)
Shanghai aims to increase its financial power
A general view of the Yangshan Deep-Water Port, an automated cargo wharf in Shanghai, April 9, 2018. [Photo/VCG] Shanghai officials released a detailed guideline recently for further opening-up in the financial sector, responding to President Xi Jinping's ... ( read original story ...)
Shanghai points to successes in further opening
Several foreign companies have benefited from Shanghai's endeavors in further opening its financial industry after China called for more efforts to boost opening-up, Shanghai Financial Service Office said yesterday. Willis Insurance Brokers Co, for ... ( read original story ...)
Shanghai to further open up finance sector
The scope of Shanghai-based foreign-funded insurance companies will be expanded. The financial market will open wider. For example, the city will support overseas investors to invest in its securities market and overseas innovative enterprises will be ... ( read original story ...)