Finance


Tech firms soar on ChiNext after historic reform

SHARES of 18 companies surged on their ChiNext debut yesterday, kicking off a historic reform. Investors piled into the first batch of firms listed on Shenzhen’s tech-focused startup board under a streamlined ...

August 25, 2020, Tuesday


Luckin Coffee to be punished for fraud

China’s finance, market regulation, and securities authorities will issue administrative penalties to the operating entities of Luckin Coffee Inc, two of its affiliates, and third parties assisting its...

August 3, 2020, Monday


Asset rules transition extended

China will extend the transitional period for the implementation of its new asset-management rules by another year to ease the pressure on financial institutions due to the COVID-19 epidemic, the central...

August 3, 2020, Monday


FTZ innovations set example for nation

Twenty finance innovations in the city’s free trade zone have been picked by authorities as examples for the rest of the country....

July 31, 2020, Friday


Blockchain workstation unveiled

Alibaba’s financial and payment affiliate Ant Group has unveiled an all-in-one workstation with integrated blockchain technology combining built-in software and dedicated hardware accelerator....

July 24, 2020, Friday


9 financial institutions taken over

China’s financial authorities announced the takeover of nine financial institutions for one year from Friday....

July 20, 2020, Monday


Cross-border use of yuan up nearly 40%

Cross-border use of the yuan in Shanghai maintained momentum in the first half despite COVID-19’s influence on foreign trade and investment....

July 15, 2020, Wednesday


Ant Group eyes 100m investors

Ant Group’s wealth management unit says it is hoping to add 100 million wealth management users in the next three years as many investors seek liquidity as well as reasonable returns....

July 14, 2020, Tuesday


Recovery fuels surge in loan demand

China saw stronger overall demand for loans in the second quarter of this year as economic activities remained on the track to recovery, a central bank survey showed....

July 6, 2020, Monday


Shanghai acts to help businesses in bid to stabilize city’s economy

Shanghai has launched 18 key measures to improve financial support for business, reduce corporate funding costs and stabilize the local economy....

July 3, 2020, Friday




 

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