A day later, the Shanghai stock exchange said it had suspended Ant’s IPO, citing a “significant change” in the regulatory environment, prompting the company to also freeze the Hong Kong leg ... ( read original story ...)
Chinese yuan rally puts central bank’s next moves in spotlight
SHANGHAI/HONG KONG -- This week's market turmoil stemming from Japan may have given China's central bank an unlikely assist in its battle to stimulate economic activity. ( read original story ...)
Chinese retail investors, eager for returns, looked overseas – then came Monday
Chinese investors, frustrated with low returns in the domestic market, opted to move capital into overseas funds and cryptocurrencies – a potentially grievous error in the context of Monday’s global ... ( read original story ...)
China stocks, yuan ease despite regional rebound
SHANGHAI: China stocks fell to six-month lows on Tuesday despite a regional relief rally, and the yuan eased from Monday’s seven-month high against the dollar, challenging views Chinese assets would ... ( read original story ...)
Exclusive: China asks large state financial institutions to drop auditor PwC, say sources
Chinese regulators have in recent months asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor as it braces for penalties over its work for troubled property ... ( read original story ...)
Shanghai’s Pudong Launches USD5.5 Billion Innovation Loan Scheme
(Yicai) Aug. 2 -- Shanghai’s Pudong New Area is rolling out a new financial service mechanism, called Innovation Loans, that links venture capital, banks and businesses, and will provide over CNY40 ... ( read original story ...)
Stock Market News: Stocks Tumble Amid Global Selloff
The benchmark Shanghai Composite Index closed 1.5% lower at 2860.70, the Shenzhen Composite Index dropped 2.1% and the ChiNext Price Index declined 1.9%. Foxconn Industrial Internet led the losses, ... ( read original story ...)