A Chinese consumer micor0-lender called Qudian (QU) jumped more than 30% Wednesday on its first day of trading in the United States. The shares were priced at $24, according to Reuters, and were recently trading…
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Qudian’s stock soars above IPO price on public debut
Shares of Beijing-based micro lender Qudian Inc. QD, +30.36% soared in their public debut Wednesday, enough to make them the biggest percentage gainer on the NYSE. Qudian said earlier that its IPO of 37.5 million…
China’s Bona Poised to Raise $215 Million Through Local IPO
Chinese film producer and distributor, Bona Film Group is poised to raise $215 million through an initial public offering on one of China’s stock markets. The company is expected to be valued at upwards of…
The Treasury Department backs down on some of its criticism of China’s currency policies
The US Treasury Department moderated its criticism of China’s foreign exchange policies, but highlighted its large bilateral trade deficit with the US. China does not actually match the Treasury’s three criteria for being labeled a…
China’s Xi lays out vision for ‘new era’ led by ‘still stronger’ Communist Party
Xi’s wide-ranging speech, which ran nearly three-and-a-half hours, laid out a confident vision for an increasingly prosperous China and its place in the world, stressing the importance of wiping out corruption and making clear there…
China’s Xi pledges to build ‘modern socialist country’
Xi’s wide-ranging speech kicked off the twice-a-decade congress, a week-long, mostly closed-door conclave that will culminate with the selection of a new Politburo Standing Committee that will rule China’s 1.4 billion people for the next…
China’s Xi says anti-graft campaign has ‘overwhelming momentum’
BEIJING (Reuters) – China’s campaign against corruption has achieved “overwhelming momentum”, President Xi Jinping said on Wednesday at the start of a critical Communist Party congress expected to cement his authority. Xi’s speech kicks off…
Administration does not brand China currency manipulator
WASHINGTON — The Trump administration on Tuesday once again declined to label China a currency manipulator, even though Donald Trump repeatedly pledged during last year’s presidential campaign that he would do so as soon as…
Could a Chinese offer delay Saudi Aramco’s ipo?
China is offering to buy up to 5 percent of Saudi Aramco directly … to the Chinese refining industry so it makes a lot of sense it could mean that the Aramco IPO is at…
China tries to reassure foreign companies, promises openness
He also tried to defuse concern about a technology plan dubbed “Made in China 2025” that calls for developing Chinese competitors in electric cars and other fields. Business groups say it would exclude foreign competitors…
Huawei seen as the most authentic brand in China: report
Huawei Technologies, the world’s largest telecommunications equipment supplier, is the most authentic brand in China, according to a report by New York-based communications agency Cohn&Wolfe. The privately held maker of networking systems and smartphones ……
Sogou files for US$600M US IPO
Sogou, the search engine subsidiary of Sohu, filed with the Securities and Exchange Commission (SEC) to raise up to US$600 million via an IPO on the NYSE on Friday night Beijing time. Shares in Sohu…
China passes test with flying colors
He was in China to complete a year of overseas studies as part of his global masters management program with the London Business School. Three months later, Mobike cycles were popping up in groups of…
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