Category: Shanghai News

China telco shares hit by NYSE delisting announcement

Shares in China’s three biggest telecoms companies fell as much as 5% in Hong Kong on Monday, the first trading session since the New York Stock Exchange (NYSE) said it would delist the firms in a ……


China’s Shanghai energy exchange to allow use of govt bonds as margins

China’s Shanghai International Energy Exchange (INE) is set to revise its settlement and delivery rules to enable the usage of government bonds as margins used in trade, it said on Monday, seeking ……


China Banks, Developers Slump as Beijing Caps Loans to Curb Risk

Shares of Chinese banks and developers tumbled on Monday after regulators made an unprecedented move to cap loans for the real estate sector, the latest effort to snuff out systemic risks….


Vietnam’s SofM wins China LoL of the year MVP award

Le ‘SofM’ Quang Duy bagged three awards at League of Legends Pro League (LPL) All-Star 2020, including the prestigious Most Valuable Player (MVP) prize….


China to set ETS trading platform in Shanghai

BEIJING: China will set up the trading platform of its long-awaited nationwide emission trade scheme (ETS) in Shanghai and the registry platform in the central city of Wuhan, the environment minister ……


China’s tweaks to CFETS index basket could drive yuan higher – analysts

China’s decision to cut the weighting of the U.S. dollar in a key currency index basket could push the yuan’s value higher against its peers this year, some analysts said….


How China Will Shape the Fashion System

While the industry in the West is struggling to tamp down COVID-19, China’s digital-first and fast-paced retail cycle is pulling ahead to better cater to its fashion lovers. The country overtook the U ……


China stocks extend rally on growth hopes

China stocks kicked off 2021 on a firm note on Monday, after a survey pointing to a continued recovery in the world’s second-largest economy bolstered investor sentiment. ** The CSI300 index rose 1.2% ……


China telco shares lose 5% in first trading day since NYSE delisting announcement

China’s three biggest telcos saw their shares drop as much as 5% in Hong Kong on Monday, the first trading session since the New York Stock Exchange (NYSE) said it would delist the firms under a plan ……


Tesla Model Y Deliveries to Start in China This Month

Tesla Inc’s (NASDAQ: TSLA) popular Model Y all electric crossover will start deliveries in China, Reuters reports. What Happened: Tesla is selling the Model Y at a starting price of about $52,000, ……