“This was the first time such a big listing … was priced outside New York City,” Ant Group founder Jack Ma said. ( read original story …)
FINANCE
China’s Ant Group set to raise US$34.5 billion in world’s largest initial public offering
The world’s biggest IPO showcases China’s lead in digital finance. Users of its Alipay payments app dwarf those of its nearest rival, Palo Alto-based PayPal. ( read original story …)
China gives six U.S. media outlets a week to report on operations
China’s foreign ministry has ordered six U.S. media outlets to report back on their operations in the country within seven days, after Washington said it was designating the U.S. arms of six more … (…
China’s Ant Group set to raise US$34.5 billion in the world’s largest initial public offering
The world’s biggest IPO showcases China’s lead in digital finance. Users of its Alipay payments app dwarf those of its nearest rival, Palo Alto-based PayPal. ( read original story …)
China Reminds Markets the Yuan’s Challenge to Dollar Is Still On
Success would give Chinese policy makers some things they’ve long dreamed about: the use of the yuan as a global reserve currency and a challenge to the greenback’s dominance in trade and finance. ( read…
Contrasting China Finance (OTCMKTS:CHFI) & Interactive Brokers Group (OTCMKTS:IBKR)
China Finance (OTCMKTS:CHFI) and Interactive Brokers Group (NASDAQ:IBKR) are both finance companies, but which is the better business? We will contrast the two businesses based on the strength of … ( read original story …)
‘China WON’T be happy!’ UK and Beijing set for clash over HUGE Brexit move in Africa
THE UK and China are set for an almighty clash as Boris Johnson pursues a trade and investment Brexit boost in Africa. ( read original story …)
China repeats opening up pledges in drive to lure foreign investors into Shanghai
Central bank chief Yi Gang tells Bund Summit that the country’s focus on domestic economy does not mean it is shutting the door on the rest of the world. ( read original story …)
Foreigners Are Snapping Up China Government Bonds Like Never Before
They came for the yield and stayed for the currency: foreigners are buying Chinese bonds like never before even though domestic investors keep dumping the notes. ( read original story …)
Hong Kong Sept. Exports Recovered on China, Finance Chief Says
China, on which Hong Kong relies for half of its trade, posted 9.9% growth in exports and a 13.2% jump in imports last month, Chan said. Consumer consumption in Hong Kong is also recovering, with…
China to continue easing financial market access, says PBoC chief
China’s central bank governor reiterated the nation’s commitment to further opening up its financial sector and lowering market barriers to foreign investors. ‘The new development pattern is not … ( read original story …)
China will focus on self-reliance and cutting financial risk, says Vice-President Wang Qishan
Xi Jinping’s right-hand man signals move away from a export-oriented strategy ahead of key Communist Party policy meeting. ( read original story …)
PBOC’s Yi Says China to Continue Easing Financial Market Access
China’s central bank governor reiterated the nation’s commitment to further opening up its financial sector and lowering market barriers to foreign investors. ( read original story …)
