BEIJING, Aug. 30 (Xinhua) — China’s banking and insurance regulator has vowed to step up efforts in curbing financial risks and deepening reform and opening-up in the sectors. China’s economy has mai… ( read original…
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Chinese man charged in Texas with stealing COVID-19 research from US colleges
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The secret fuel powering China’s self-driving cars
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Health authorities in the central Chinese city of Wuhan are reporting the first death from a new type of coronavirus that has stirred fears of an outbreak similar to that of …
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China to escalate efforts in curbing financial risks
EV startup Nio lowers IPO target
China’s electric vehicle startup Nio submitted supplementary … According to the new filling, the firm seeks its per share price at between $6.25 and $8.25. US-based IPO research company IPO Boutique … ( read original…
China’s top bank ICBC flags trade war risks as profits rise
SHANGHAI/BEIJING (Reuters) – Industrial and Commercial Bank of China (1398.HK)(601398.SS), the world’s largest commercial bank, joined its peers in reporting higher first-half profit and a steady bad … ( read original story …)
Gay dating app Grindr headed for overseas IPO
Beijing Kunlun Tech Co. is planning an initial public offering for the world’s largest gay social networking app. Grindr — a wholly owned unit of the Chinese internet gaming firm — will list … (…
Chinese owner of dating app Grindr plans IPO
The Chinese owners of gay dating app Grindr are planning to take the company public. In a filing on the Shenzhen stock exchange by online games company Beijing Kunlun Tech, the ultimate owners of Grin……
China Banks Managing $16 Trillion Can’t Stop Talking About Risk
Bank of China Ltd. said it achieved “new breakthroughs in risk mitigation,” while China Construction Bank Corp. touted its “stringent risk management.” Industrial & Commercial Bank of China Ltd., the … ( read original story…
Grindr’s Chinese Owner Plans Overseas IPO for the Gay Dating App
Beijing Kunlun Tech Co. is planning an initial public offering for the world’s largest gay social networking app. Grindr — a wholly owned unit of the Chinese internet gaming firm — will list oversea… (…
China Payment-Services Firm YeePay Is Said to Plan Hong Kong IPO
The Beijing-based company is working with advisers on the possible stock offering, said the people, who asked not to be identified because the details are private. It aims to list shares next year, ac… (…
Despite tensions, China says navy chief plans to visit U.S. next month
BEIJING (Reuters) – China’s defense ministry said on Thursday that navy chief Shen Jinlong plans to visit the United States in September, despite an escalating trade row that threatens to spill into o… ( read…
Chinese property developers opt to ‘wait and see’ as failed land auctions climb
HONG KONG (Reuters) – Last year China’s more aggressive property developers were willing to pay whatever it took to secure land banks, but today China is seeing a surge in failed land auctions. ( read…
China’s big banks post firm results, see trade tension risks
Agricultural Bank of China (AgBank) (01288.HK, 601288.CN), the country’s third-largest lender, expects its asset quality to stabilize in the second half, but said it has increased provisions as trade … ( read original story …)
Trade tensions cast shadow even as China’s big banks bag more profits
BEIJING (Reuters) – Agricultural Bank of China (AgBank), the country’s third-largest lender, expects its asset quality to stabilize in the second half, but said it had increased provisions as … ( read original story …)
Behind the gains for China’s big banks lurks the spectre of pain
At first glance, investors in China’s big banks should be breaking out the champagne. Tighter liquidity has boosted margins at three of the big four, with a crackdown on shadow banking forcing borrowe… ( read…
