China’s Premier asked for more “urgency” in implementing measures to help the country’s virus-ravaged economy, State media said Wednesday that days after statistics revealed the devastating impact of Covid-19 limits. China, the only major global economy to adhere to a rigorous zero-Covid policy, is experiencing an economic downturn as a result of protracted viral lockdowns … Read more
BEIJING: Beijing has tightened the rules on overseas listings by Chinese firms in a series of new regulations that increase scrutiny of companies seeking to raise funds on foreign stock markets. China has stepped up scrutiny of major overseas listings after a controversial New York IPO by ride-hailing giant Didi Chuxing went ahead this year, despite … Read more
HONG KONG, Dec 8, 2021 (AFP) – China’s Twitter-like social media platform Weibo fell during its debut on the Hong Kong stock exchange Wednesday as investors remain wary of tech during Beijing’s crackdown on the sector. Weibo finished 7.2 percent down from its initial listing price of HK$272.80, a poor showing compared with recent first-day trade by major … Read more
BEIJING: Chinese ride-hailing giant Didi Chuxing said on Friday it would start the process of delisting its shares from the New York stock exchange and prepare a Hong Kong listing, shortly after US regulators adopted a rule that would allow them to remove foreign firms. Didi’s move comes in the wake of a sweeping Chinese … Read more
