Shanghai Stock Exchange bars S2C from IPO for fraudulent profits
In a stunning twist, the Shanghai Stock Exchange has wielded its hammer of justice, barring local chip maker S2C from listing its shares for a [more…]
Category: China
China’s food delivery giant, Meituan, overcomes economic challenges with record-breaking Q1 growth
Amid a volatile economic landscape, Meituan has emerged as a beacon of resilience and growth. The on-demand services titan reported a stunning 25% year-on-year surge [more…]
Hong Kong’s SFC grants temporary approval to 11 crypto exchanges
Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), has thrown a lifeline to 11 cryptocurrency exchanges, giving them the green light to keep [more…]
Hong Kong market falters as investor confidence wavers
In a turbulent session on Thursday, Hong Kong stocks couldn’t escape the regional equities sell-off, echoing the woes from rising US Treasury yields and persistent [more…]
Shein shifts IPO focus to London in response to U.S. regulatory challenges
Shein is shaking up its IPO plans, pivoting towards a London listing following obstacles in the U.S. market. Despite initial intentions to go public in [more…]
Russian energy Gazprom reports first loss since 1999
In a surprising turn, Russian energy giant Gazprom announced a staggering loss of 629 billion rubles ($6.84 billion) for the previous year, marking the first [more…]
Tesla’s stock soars on Chinese full self-driving milestone
In a fast turn of events, Tesla’s shares surged by over 13% in U.S. premarket trading on Monday following a groundbreaking development related to its [more…]
Hong Kong breaks ground with cryptocurrency ETF approval, Asian investors eyeing market entry
Hong Kong is stepping into the spotlight with its upcoming exchange-traded funds (ETFs) that will invest directly in cryptocurrencies like bitcoin and ether. While industry [more…]
HKVAEX crypto exchange shuts down in Hong Kong after license bid withdrawal
In a surprising turn of events, HKVAEX, the cryptocurrency exchange affiliated with Binance, has announced its closure in Hong Kong, just three months after initiating [more…]
Chinese collectors drive surge in art market growth with increasing sophistication
In 2023, China cemented its position as the world’s second-largest art market, sparking a surge in demand for art advisory services from banks, according to [more…]