SHANGHAI (Reuters) -China's central bank unexpectedly cut a key interest rate for the second time this year and withdrew some cash from the banking system on Monday, to try to revive credit demand to ... ( read original story ...)
Chinese stocks’ post-Shanghai lockdown rally fizzles out as zero-Covid policy and beleaguered property market bite
The CSI 300 Index of the biggest stocks on China's onshore market has lost almost half of the gains that followed the reopening of Shanghai Covid-19 flare-ups and a property market that is in downturn ... ( read original story ...)
The Reserve Bank’s growing China anxiety
The Reserve Bank is keeping an anxious watch on China’s embattled real estate sector, amid fears that construction activity could plummet, as developers’ funding dries up. ( read original story ...)
Sinopec Shanghai Petrochemical (NYSE:SHI) Sets New 52-Week Low at $15.42
Shares of Sinopec Shanghai Petrochemical Company Limited (NYSE:SHI – Get Rating) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $15.42 and last traded at $15.66, ... ( read original story ...)
China state-owned giants to delist from US stock exchanges amid audit spat
Five of China’s largest state-owned companies announced plans to delist from US exchanges as the two countries struggle to come to an agreement allowing American regulators to inspect audits of ... ( read original story ...)
China’s Industrial Bank Rebuts Concerns About App Harvesting Personal Data
China’s Industrial Bank has moved to assuage concerns among users that its mobile app is gathering too much personal information on them, The Paper reported yesterday. Some consumers recently reported ... ( read original story ...)
Five Chinese firms to exit US stock market
SHANGHAI: Five major Chinese companies including two of the country’s largest oil producers will delist from the New York Stock Exchange, the firms said in filings on Friday. ( read original story ...)