Lexin Fintech Holdings, a Chinese online micro lender backed by JD.com, sharply cut the amount it hoped to raise in a planned US initial public offering, after shares in its rivals declined broadly on the…
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Morning Update: Senators’ business venture linked to China; CRA squeezes voluntary disclosures amid tax-evasion crackdown
Two Conservative senators – one with close ties to Beijing – set up a private consulting business this year with partners who are involved in attracting investment from China to Newfoundland and Labrador, corporate records…
Two Conservative senators’ business venture linked to China
Two Conservative senators – one with close ties to Beijing – set up a private consulting business this year with partners who are involved in attracting investment from China to Newfoundland and Labrador, corporate records…
Sydney-Victoria MP back from China
Eyking, the chair of the international trade committee, spent six days in China with Prime Minister Justin Trudeau and a Canadian delegation, meeting with the Chinese government and business leaders. During the meetings, the Canadian…
China raises market rates as data shows economic growth moderating
BEIJING/SHANGHAI (Reuters) – China’s central bank on Thursday nudged up money market rates as authorities sought to defuse financial risks without imperiling the economy, a balancing act that it has managed successfully so far this…
Lexinfintech slashes U.S. IPO size as China reins in micro-lenders
following a recent crackdown by Beijing on fast-growing online micro-lenders. Lexinfintech, which focuses on loans to educated young adults between 18 and 36, including loans for online shopping, had planned to raise up to $500…
Lexinfintech slashes U.S. IPO as Beijing reins in micro-lenders
HONG KONG (Reuters) – Chinese consumer lending firm Lexinfintech has slashed the size of its initial public offering to between $108 million and $132 million – a move that comes in the wake of a…
China Names and Shames Tech Tycoon With Debt Blacklist
As China’s economy matures, officials are concerned by the … purchase cars that are not necessary for business operations, travel for leisure or pay for their children to study at private schools. Hu Wenyou, a…
Google to open artificial intelligence centre in China
These are external links and will open in a new window Google is deepening its push into artificial intelligence (AI) by opening a research centre in China, even though its search services remain blocked in…
China to spearhead US$1 trillion autonomous driving revolution
And China, the world’s largest market for electric cars, is predicted to be in pole position to shape the future of such services, transform global business models, improve road safety conditions and cut pollution, according…
China is planning to build 5 camps for North Korean refugees amid fears of instability
North Koreans ride on a boat used as a local ferry as they cross the Yalu river north of the border city of Dandong, Liaoning province, northern China near Sinuiju, North Korea on May 23,…
Why mainland Chinese IPO shares jump 44% on trading debut
SHANGHAI — Beijing’s tight grip on China’s stock market seems to be … Technology ended their first day of trading on Dec. 4 at 20.48 yuan, 44.02% above the IPO price of 14.22 yuan. On…
China’s IPO shares set to become worst performers for a second year on increased supply and surveillance
China’s initial public offering shares are on track to become the worst-performing sector this year, as the regulator speeds up new share supply and increases curbs on speculations on new listings. An index of new…
