State-linked funds stepped in to rescue Chinese stocks this week as the battle with the US intensified. But it’s an expensive exercise. ( read original story ...)
70% of A-share firms report profits in Q1, empowered by sci-tech innovation
Chinese listed companies generated combined first-quarter profits of 1.49 trillion yuan ($205.89 billion), up 3.64 percent year-on-year, the Xinhua News Agency reported over the weekend. About 50 ... ( read original story ...)
Heavy equipment maker Sany eyes doubling of overseas revenue after Hong Kong IPO
Aiming to raise up to US$1.5 billion in its proposed listing, company eyes lucrative overseas sales amid weak demand at home Sany Heavy Industry, one of China's largest heavy equipment manufacturers, ... ( read original story ...)
Stock market treads water as Wall Street awaits key weekend meeting between U.S. and China
Trading was mixed Friday as concerns about the U.S. economy offset signs that the Trump administration will de-esclate its trade war. ( read original story ...)
Bubble tea billionaire ranks swell after latest Hong Kong IPO
Market though is overflowing with rivals and fierce price clashes. Read more at straitstimes.com. Read more at straitstimes.com. ( read original story ...)
Foreign institutions upbeat about China’s stock market amid roll-out of financial policies
Multiple foreign financial institutions including Goldman Sachs and UBS are increasingly upbeat on China's stock market, bolstered by the country's supportive measures announced on Wednesday aimed at ... ( read original story ...)
China’s bubble tea boom brews billionaires: Husband-and-wife founders of Auntea Jenny hit $1.7B net worth
Husband-and-wife duo Shan Weijun and Zhou Rongrong, founders of Chinese bubble tea chain Auntea Jenny, have become billionaires with a combined net worth of US$1.7 billion following the company’s Hong ... ( read original story ...)