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SHANGHAI (Reuters): China's central bank said on Saturday (June 13) it has given American Express approval to set up a bank card clearance business in the country.
HONG KONG: Firms in China brought in half of equity capital raised globally this year so far, setting a record that highlights the economy's earlier revival from the Covid-19 pandemic, plus the degree to which soured U.S. relations are turning Chinese firms homeward.
SHANGHAI: In a world reshaped by Covid-19 coronavirus, China needs further share market gains to fund a rapidly developing digital economy and strengthen its hand in intensifying power rivalries, state media said on Monday.
BEIJING, July 6 (Bloomberg): Semiconductor Manufacturing International Corp. is preparing to raise as much as US$7.5 billion via mainland China’s largest stock sale in a decade, a big cash infusion for a chipmaker Beijing’s counting on to reduce reliance on American technology.
SHANGHAI: Having begun delisting 26 companies so far this year, China's securities regulator is set to remove a record number of firms from the stock exchange, heeding a message from Vice Premier Liu He to ensure the "survival of the fittest".
SHANGHAI: China stocks posted their biggest fall in more than five months on Thursday, as investors cooled down their buying spree on signs of policy tightening after the country's economic growth in the second quarter beat expectations.
We knew Q2 earnings would be dire but the hope was a) they might turn out to be better than feared and b) companies could offer guidance on the outlook.
Shanghai, July 20 (AFP): Ant Group, the online payments giant affiliated to Chinese e-commerce leader Alibaba, said Monday it had taken the first steps toward a blockbuster dual listing in Shanghai and Hong Kong that could be among the biggest in years.
SHANGHAI: China shares inched higher on Tuesday, supported by strong gains in healthcare stocks on rising hopes for a coronavirus vaccine, although profit-taking after the previous session's rally kept gains in check