Banks warmed up to blockchain, Vechain looked towards sustainability, bitcoin miners pulled the plug, and Chinese crypto is flying to other countries. ( read original story …)
BUSINESS
China’s Nongfu Spring to raise $1.1 bln in Hong Kong IPO
Chinese drinks maker Nongfu Spring 9633.HK will raise up to $1.08 billion by pricing its shares between HK$19.50 to HK$21.50 ($2.52 to $2.77) in its Hong Kong initial public offering, according to its … (…
Huawei Builds Blockchain Platform to Help Beijing Government Manage People’s Data
Huawei’s cloud services arm is helping the Beijing government set up a blockchain platform that would better track and manage people’s data. ( read original story …)
China’s Blockchain Service Network to launch stablecoin support in 2021
China’s national blockchain project BSN could be the best fit for the digital yuan. China’s nationwide blockchain project, the Blockchain Service Network, or BSN, will be integrating stablecoin … ( read original story …)
18 Chinese tech stocks soar 200% as a major market relaxes its IPO rules
One of China’s major stock markets is making it easier for tech startups to go public. It’s yet another way the country is trying to promote homegrown champions as its tech war with the United…
ChiNext IPO debutant soars nearly 3,000 per cent on revamped tech board, but analysts fear speculative trading could hurt reforms
Medical equipment maker Contec Medical Systems surged by 2,932 per cent on the first day of trading, with other 17 debutants all soaring, after the CSRC scrapped the daily cap on ChiNext IPOs. ( read…
First batch of IPO debutants rocket on Shenzhen’s revamped ChiNext tech board
The first batch of 18 companies all surged on Shenzhen’s technology board after the Chinese stock-market regulator revised the trading rules that allow new shares to rise or fall without any cap on … (…
Chinese startups soar in Shenzhen market debut under new IPO rules
More than two dozen companies making their debuts on the Shenzhen Stock Exchange’s ChiNext market under new IPO rules soared in early trading on Monday, with one stock surging more than 500%, a … (…
Flood of IPOs Test Resilience of China’s Sizzling Tech Board
A flood of new offerings on China’s ChiNext index began trading under revamped rules that remove daily price limits for debut shares, testing investor demand for the already pricey gauge. ( read original story …)
Chinese startups debut on Shenzhen tech board under new IPO rules
More than two dozen companies are set to debut Monday on the Shenzhen Stock Exchange’s ChiNext market under new initial public offering rules, with their performance crucial to hundreds of other … ( read original…
Chris Larsen, Executive Chair Of Ripple, Argues China Can Reverse Bitcoin Transactions
According to Larsen, “…at least 65 percent of cryptocurrency mining is concentrated in China, which means the Chinese government has the majority needed to wield control over those protocols and can … ( read original…
Crypto Yuan Will Meet the Dollar — in Hong Kong
Hong Kong, according to China’s Commerce Ministry, which is also planning similar evaluations in Shanghai, Macau, Beijing, Tianjin and the p … ( read original story …)
Flood of IPOs to Test Resilience of China’s Sizzling Tech Board
A flood of new offerings will test investor demand for the already pricey ChiNext board on Monday, when the index begins trading under revamped rules that removes daily price limits for debut shares. ( read…
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