Support for the yuan is vital for its stability this year with the Chinese economy still facing a slew of woes. Read more at straitstimes.com. ( read original story ...)
Citic Securities slides after Shenzhen exchange investigates China’s biggest brokerage over IPO sponsor role
The sell-off follows Shenzhen exchange’s statement that it would take action against Citic for failing to fully clarify issues regarding Liangang Optoelectronic’s IPO prospectus. ( read original story ...)
China’s Financial Markets Regulatory Authority charges Evergrande with padding revenues
The China Financial Markets Regulatory Authority has taken a significant step by filing charges against Evergrande, along with its founder Hui Kayan, ... ( read original story ...)
Stock market today: Asian shares trade mixed after Wall Street closes near record finish
On Friday, the S&P 500 slipped 0.1% from an all-time high to close at 5,234.18. The Dow Jones Industrial Average fell 0.8% to 39,475.90 and the Nasdaq composite rose 0.2% to 16,428.82, adding to its ... ( read original story ...)
Yuan rebounds as China central bank sends strong message of support via fixing
Support for the yuan is vital for its stability this year with the Chinese economy still facing a slew of woes. Read more at straitstimes.com. ( read original story ...)
China’s Instagram-like app Xiaohongshu makes first profit
Chinese social media sensation Xiaohongshu has seen its growing popularity lead to profits for the first time, as the Instagram-like platform brings in revenues from advertising and a nascent ... ( read original story ...)
Today in the Stock Market: Mixed Results for Asian Shares, Despite New Highs on Wall Street
Asian stock markets showed a mix of results, following a stellar performance by Wall Street that witnessed record-breaking highs, mainly boosted by advancements in chip stocks. While Japan’s benchmark ... ( read original story ...)