Category: Shanghai News

China approves Shanghai Fosun’s unit to run human testing for BioNTech’s COVID-19 vaccine

Shanghai Fosun Pharmaceutical Group said on Friday that its unit has received clinical trial approval from China’s National Medical Products Administration for a COVID-19 vaccine candidate developed ……


Korean girl group’s panda stunt prompts anger in China

A publicity stunt involving South Korean girl group Blackpink and a cuddly baby panda has prompted outraged comments and calls for an apology from some in China ……


Banks and fund managers dump China state firm bonds-traders

Chinese banks and fund managers are selling their holdings of bonds issued by state-owned firms after a spate of defaults raised concerns about broader creditworthiness, traders said on Friday….


Smartphone shipments in China plunge 27% in October: government data

Smartphone shipments in China plunged 27% in October compared with the same month last year, government data released on Friday showed. The numbers suggest that handset demand is weak despite China’s ……


China corporate debt defaults trigger concerns of broader crisis

Nov 2020 A Chinese mining firm that defaulted on its debts this week held an emergency creditors’ meeting on Friday to address potentially “huge credit risks”, as a series of defaults by top-rated ……


China’s Xi Jinping personally halted Ant’s record-breaking $37 billion IPO after boss Jack Ma snubbed government leaders, report says

A week before Ant was set to go public, Ma made incendiary comments that didn’t go down well with the president or government officials….


China’s president ‘personally blocked’ Jack Ma’s Ant Group IPO

In August, the Chinese fintech giant unveiled plans for a dual-listing stock market debut in Hong Kong and on the Shanghai Stock Exchange’s Star Market….


Ant’s record-breaking $37 billion IPO was personally halted by China’s Xi Jinping after boss Jack Ma snubbed government leaders, report says

A week before Ant was set to go public, Ma made incendiary comments that didn’t go down well with the president or government officials….


HK stocks end lower as U.S. ban ramps up pressure on China

HK daily quota used 4.6% * HSI -0.1%, HSCE -0.3%, CSI300 -1.1% * FTSE China A50 -1.7% Nov 13 (Reuters) – Hong Kong stocks ended the week higher, despite a slight easing on the day after Trump ……


Hillhouse Says It Has No Interest to Take Soho China Private

Hillhouse Capital Management said it has no interest in taking Soho China Ltd. private. The Chinese property developer’s stock pared gains….