Hong Kong stocks dropped after Chinese regulators scrapped Ant Group Co.’s $35 billion initial public offering. ( read original story …)
Monthly Archives For November 2020
China reports 17 new coronavirus cases in mainland as of end-November 3 vs 49 a day earlier
China on Tuesday reported 17 new coronavirus cases in the mainland for Nov. 3, compared with 49 cases a day earlier, the health authority said. Of the new infections, 15 were imported cases, the ……
China Halts Ant Group’s IPO, Throwing Ma Empire Into Turmoil
It was heralded as China’s answer to JPMorgan — a homegrown financial giant on the cusp of the biggest stock-market debut the world has ever seen. ( read original story …)
China Probably Doesn’t Care Who Wins
China Probably Doesn’t Care Who Wins… Election2020 This article is part of Election 2020: America Votes, FP’s round-the-clock coverage of the U.S. election results as they come in, with short … ( read original story…
US brands flock to Chinese e-commerce platforms
A worker prepares goods for delivery at an e-commerce industrial park in Lianyungang, East China’s Jiangsu Province on Sunday. The first sales window for this year’s Double 11 shopping festival kicked … ( read original…
China halts Ant’s record IPO, leaving Jack Ma’s empire in limbo
Days before what was to be the biggest IPO on record, Chinese authorities have thrown into doubt the future of Ant Group Co. and its founder, Jack Ma. ( read original story …)
China halts Ant’s record IPO, throwing a financial empire into turmoil
It was heralded as China’s answer to JPMorgan — a homegrown financial giant on the cusp of the biggest stock-market debut the world has ever seen. Instead, with billions on the line and an initial…
New Energy Vehicles to Make up 20% of China’s New Car Sales by 2025
BEIJING (Reuters) – Sales of new energy vehicles (NEV) in China, the world’s biggest auto market, will jump to 20% of overall new car sales by 2025 from just 5% now, the state council said…
Invesco China Technology ETF (CQQQ) Hits a New 52-Week High
For investors looking for momentum,Invesco China Technology ETF CQQQ is probably a suitable pick. The fund just hit a 52-week high and is up 75.8% from its 52-week low price of $43.19/share. Let’s … (…
Exclusive: Trump administration shelves bid to blacklist China’s Ant Group – sources
The Trump administration has put on hold an effort to blacklist Ant Group Co Ltd , the Chinese financial technology company affiliated with e-commerce giant Alibaba, following a … ( read original story …)
Beijing, not Washington, is the biggest challenge for Chinese fintech giants like Ant
Ant Group’s blockbuster IPO was poised to be a major milestone for a homegrown champion. But officials in Beijing have had other ideas. The Shanghai Stock Exchange announced late on Tuesday (Nov. 3) … (…
China Halts Ant’s Record IPO, Throwing Ma’s Empire Into Turmoil
It was heralded as China’s answer to JPMorgan — a homegrown financial giant on the cusp of the biggest stock-market debut the world has ever seen. ( read original story …)
How the coronavirus and US-China conflict are driving Beijing’s domestic focus in the new five-year plan
China has moved away from its ‘reform and opening up’ strategy and turned to domestic development with an emphasis on self-reliance. The shifting geopolitical landscape and uncertainty over consumer … ( read original story …)
