SHANGHAI Trading on China's new Nasdaq-style board for homegrown tech firms hit fever pitch on Monday, with shares up as much as 520% in a wild debut that more than doubled the board's combined market capitalisation and beat veteran investors' expectations. | Video
SHANGHAI, July 17 In a packed Shanghai classroom
on a hot afternoon, nearly a hundred "mom-and-pop" investors
were honing their trading skills ahead of the first opening bell
for China's Nasdaq-style tech board.
* Haircut for some Baosheng creditors has spooked interbank
SHANGHAI Nearly three weeks after Chinese regulators took over troubled Baoshang Bank, a mid-sized mutual fund house in Beijing suddenly became unable to borrow cash in the interbank market and was forced to default on some products.
* Huawei ban, trade war fuel patriotic support for the new
SHANGHAI Chinese companies and investors are lining up in spades to take part in Shanghai's new Nasdaq-style tech board, with a groundswell of patriotic support surging further after the U.S. blacklisting of telecom firm Huawei inflamed trade tensions.
SHANGHAI As the Sino-U.S. trade war roiled stock markets over the past year, China-focused fund manager Michelle Leung sat unfazed on her holdings of hot pot condiment maker Yihai International.
SHANGHAI, May 21 Washington's blacklisting of
technology giant Huawei has taken a toll on U.S. semiconductor
shares, but China-listed firms have rallied as investors bet
they can gain from Beijing's stepped-up efforts to build a
homegrown supply chain.
SHANGHAI Washington's blacklisting of technology giant Huawei has taken a toll on U.S. semiconductor shares, but China-listed firms have rallied as investors bet they can gain from Beijing's stepped-up efforts to build a homegrown supply chain.