The People's Bank of China, the nation's central bank, routinely intervenes to calibrate demand and supply in the money market. It does so mainly through daily reverse repo operations, as well as ... ( read original story ...)
China investors face tens of billions in losses over shadow bank Zhongzhi
More than three quarters of investor cash would be lost, according to one scenario. Read more at straitstimes.com. ( read original story ...)
Stock market today: Asian shares mostly decline, as investors watch spending, inflation
Asian shares retreated Monday as investors awaited updates on consumer spending and inflation in the U.S. and other nations. Japan’s benchmark Nikkei 225 dipped 0.4% in morning trading to 33,479.71 ... ( read original story ...)
Should You Pick Medtronic Stock At $80 After An Upbeat Q2?
Medtronic (NYSE: MDT) recently reported its Q2 fiscal 2024 results (fiscal ends in April), with revenues and earnings beating our estimates, and we believe that MDT ... ( read original story ...)
China an important market for global IPO activity
It said the Shanghai and Shenzhen stock exchanges are expected to rank top 2 global bourses by IPO proceeds this year. As of November, four IPOs from the A-share market were among the global top ten ... ( read original story ...)
China’s troubled shadow bank Zhongzhi warns of $41.5 billion debt hole
Zhongzhi and its affiliates had extended loans to troubled developers and snapped up assets from firms like Evergrande. Read more at straitstimes.com. ( read original story ...)
Foreign financial firms eye opportunities in China as key meeting vows further opening-up
Foreign financial enterprises have expressed full confidence in the prospects of the Chinese economy and vowed further investment in the market amid the country's firm commitment to opening-up in the ... ( read original story ...)