China has suspended the Shanghai leg of Ant Group Co.’s $35 billion offering, potentially derailing the world’s biggest initial public offering. ( read original story …)
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Recent Posts
China Suspends Jack Ma’s Ant Group Shanghai IPO After Warning
China sent a half-million tons of food to North Korea, report says
China is quietly ramping up food assistance to North Korea and may have sent as many as 600,000 tons of grain this year, according to a Japanese press report. ( read original story …)
China keeps 20 per cent sales target for home-grown electric cars by 2025, calling controversial industrial plan by another name
The Made in China 2025 plan charted China’s ambitions to lead the world in 10 key areas of technology by the middle of the next decade, from 5G telecommunications to artificial intelligence and … (…
China’s Xi Warns of Rising Risks as Party Charts Course for Five Years
Chinese President Xi Jinping, commenting on the ruling Communist Party’s recommendations for the next five years, said on Tuesday said the country faces a significant increase in risks. Xi and the … ( read original…
China manufacturing: Stanley Black & Decker shuts Shenzhen factory as costs soar
Sudden closure after 25 years in the community reflects Shenzhen’s transition from manufacturing base to tech hub, but other factories are quick to swoop in and recruit those who have lost jobs. ( read original…
China’s Risky Bet on a Lonely Return to Greatness
China is facing growing hostility abroad. To offset that, the country will need the kind of tough reforms the West and its allies have long asked for—or make a major political course correction to ……
China tightens restrictions on Australian exports
China has stepped up trade restrictions against Australia, suspending imports of some timber and barley, the agriculture minister said Tuesday, amid tension over … ( read original story …)
Coronavirus live news: record new cases and deaths in Hungary; China reports 49 new cases
Hungary says 3,989 people have tested positive in 24 hours; China’s new cases are twice as many as day before … ( read original story …)
China tells Ant to expect scrutiny of credit business ahead of record listing: sources
China’s top financial regulators told Ant Group Co Ltd’s founder Jack Ma and two top executives that the company’s lucrative online lending business faces tighter government scrutiny, sources told … ( read original story …)
China’s Ant Expected to Double on Debut Amid Pent-Up Retail Demand: Fund Managers
China’s Ant Group is expected to double its market value on debut, as unmet demand from mom-and-pop investors and an impending inclusion in major global indexes could offset worries about tighter … ( read original…
China’s Ant Group Faces Regulatory Scrutiny Ahead Of Trading Debut
“China’s financial system is in the phase of strengthening regulation and controlling risks,” says Zhu Ning, a professor of finance at Shanghai Jiao Tong University. “Ant Group’s business may not be … ( read original…
Jack Ma summons reminds investors that Beijing is still boss
When Jack Ma last week chose to speak truth to power about the failings of China’s financial system, he was aiming very high — perhaps too high. The founder of ecommerce business Alibaba, already ……
Hong Kong leader heads to Beijing to seek economic aid
Hong Kong leader Carrie Lam was traveling to Beijing on Tuesday to meet with Chinese officials to seek help in reviving Hong Kong’s economy and discuss reopening the borders with mainland China as … (…
