Insurance and financial companies led the gains, with Sumitomo Mitsui Financial Group ... as financials continued to climb. The Shanghai Composite SHCOMP, +1.25% was up 1.6% and the Shenzhen Composite ... ( read original story ...)
China stocks rebound, led by surge in bank shares
SHANGHAI, July 20 (Reuters) - China stocks rebounded nearly 2 percent on Friday erasing this week’s losses as investors piled into financial shares after a media report suggested looser-than-expected ... ( read original story ...)
Asian markets, led by China, bounce back strongly
The Shanghai Composite SHCOMP, +2.16% closed up 2.1% ... The Nikkei NIK, +1.17% was up 1.1%, led by drug maker Eisai 4523, +8.01% , while beverages firm Yakult Honsha 2267, +2.52% and diaper maker Uni... ( read original story ...)
Tesla Sharing Technology With China Is ‘Subject to Negotiation’
Any sharing of technology by Tesla Inc. with a Chinese partner as part of its expansion in the world’s largest electric-car market is a matter that’s “subject to negotiation,” a Shanghai government of... ( read original story ...)
After Tesla deal, Shanghai to speed up cancellation of foreign ownership limits
Huang Ou, deputy director of the Shanghai Commission of Economy and Information Technology, told reporters at a press conference that the city government was engaged in preparations to support the Tes... ( read original story ...)
Shanghai to speed up efforts to cancel foreign investment curbs in auto making
Huang Ou, the deputy director of Shanghai Commission of Economy and Information Technology, told reporters at a press conference that the government was also still working on how it could support the ... ( read original story ...)
Tesla will build its 1st factory outside US in Shanghai
Electric car producer Tesla will build its first factory outside the United States in Shanghai, becoming the first wholly foreign-owned automaker in China. Tesla Inc.'s announcement comes amid mountin... ( read original story ...)