Asian equities were mixed but generally higher overnight as Hong Kong, Taiwan, and Japan outperformed while the Philippines and Malaysia closed lower. ( read original story ...)
Shanghai launches new campaign to boost consumption
Shanghai has launched a new campaign to attract more foreign consumers to boost spendings and position itself as an international consumption center by providing convenience, diverse experiences, and ... ( read original story ...)
Chinese venture capitalists warn IPO freeze will hit innovation
Chinese venture capitalists have warned the country's IPO freeze is starving tech startups of funds by keeping market participants locked into existing investments, undermining Beijing's current push ... ( read original story ...)
Geely’s EV unit Zeekr raises US$441 million at top end of New York IPO price range in biggest Chinese stock offering since 2021
Carmaker raised its IPO size by 20 per cent to accommodate demand from investors, sources said Zeekr's IPO is the largest by a Chinese company in the US since Full Truck Alliance raised US$1.6 billion ... ( read original story ...)
With onsite inspections, China dials up scrutiny of local IPO hopefuls
Chinese regulators are scrutinising old business deals and even the personal bank accounts of senior executives as they ramp up inspections of IPO hopefuls to slow the pace of fresh capital raisings ... ( read original story ...)
Chinese EV Company Zeekr Raises $441 Million In Upsized U.S. IPO
Zeekr’s IPO comes as foreign investors start to take profit and retreat from markets like Japan and become more interested in China due to the country’s economic recovery. But Zeekr faces challenges, ... ( read original story ...)
Stock market today: Asian shares trade higher after Wall St rally takes S&P 500 near record
Stocks in Asia are trading higher after a rally on Wall Street that pulled the S&P 500 back within 1% of its record ... ( read original story ...)