Asian stock markets were mostly lower Thursday after Japanese factory activity and Chinese service industry growth weakened. Shanghai, Hong Kong and Seoul declined. Tokyo gained. Oil prices edged ... ( read original story ...)
China c.bank meets with private firms on offering financial support: Yicai
China's central bank, the top financial regulator and the Shanghai and Shenzhen bourses held a meeting on Wednesday with at least 11 private firms on offering financial support to the private sector, ... ( read original story ...)
Chinese EV start-up Hozon raises US$960 million in pre-IPO financing, looks to expand footprint at home and abroad
Shanghai-based carmaker did not name the investors in the crossover funding round, its first capital raise since July 2022 Hozon, also known as Neta Auto, is also seeking to raise US$1 billion via a ... ( read original story ...)
Stock market today: Asian shares boosted by Wall Street rise on consumer confidence and jobs
Asian shares rose Wednesday, boosted by a Wall Street rally that came on positive reports on consumer confidence and job openings. Japan's benchmark Nikkei 225 added 0.3% in afternoon trading to ... ( read original story ...)
China’s Bank of Communications to ‘initiate’ a mortgage rate cut, hewing to the push to make first homes more affordable and lift housing slump
The mortgage rate cut by Bank of Communications or BoCom, as China’s fifth-biggest lender is called, could spur larger banks to follow, days after the Chinese central bank and housing ministry eased ... ( read original story ...)
China companies’ fundraising options narrow after IPO restrictions
China's surprise move to slow the pace of mainland initial public offerings (IPOs) in an attempt to bolster the secondary market will cloud the fundraising plans of hundreds of companies and will ... ( read original story ...)
Shanghai copper gains, Fed rate hike worries cap gains
The most-traded October copper contract on the Shanghai Futures Exchange ended day-time trade 0.1% higher at 68,900 yuan ($9,446.77) per metric ton, after a 1.1% climb in the previous week. Fed Chair ... ( read original story ...)