Page 13 - Shanghai

World shares mixed after retreat on Wall Street

Shares were higher in Europe on Monday after a retreat in Asia, where some markets including those in Tokyo and Shanghai were closed for holidays. London was also closed for the May Day holiday. Hong Kong and Seoul declined while Paris and Frankfurt advanced. US futures were higher. Oil prices were mixed and the yield on the 10-year Treasury note was steady at 1.62 per cent. Markets have mostly climbed in recent weeks as investors remain optimistic that the pandemic is slowly and steadily coming to a close, at least in the United States. Germany's DAX climbed 0.6 per cent to 15,226.91 while the CAC 40 in Paris was 0.5 per cent higher, at 6,298.02. The futures for the S&P 500 and the Dow industrials were up 0.5 per cent. The global recovery from the pandemic remains uneven. In much of Asia and many other countries, coronavirus caseloads have surged while vaccination levels remain low. Hong Kong's Hang Seng lost 1.3 per cent to 28,357.54 and the Kospi in South Korea slipped 0.7 pe

US-blacklisted China Telecom plans estimated $4 billion Shanghai listing

Hong Kong-listed China Telecom Corp, the state-owned wireless carrier blacklisted by Washington, said on Tuesday it plans to sell shares in Shanghai to broaden its financing channels

Pak condemns terrorism, cautions against extremist incidents at SCO meet

Pakistan on Monday condemned terrorism in all its forms and cautioned against the recent rise in extremist and racist incidents, during a high-level virtual SCO meeting hosted by India.

Shanghai rises to become world's most connected city amid Covid-19

London has seen a 67 per cent decline in connectivity via air travel, according to The International Air Transport Association (IATA). By September 2020, it had fallen to eighth spot.

Tesla plans to produce electric car chargers in China from next year

The EV maker plans to invest 42 million yuan ($6.4 million) in a new factory in Shanghai

Shanghai airport worker gets Covid-19; 8,000 tested and 186 quarantined

Authorities in China's Shanghai have quarantined 186 people and conducted coronavirus tests on over 8,000 after a freight handler at the city's main international airport tested positive for the virus

Shanghai stock exchange suspends Ant Group's A-share IPO on its STAR Market

Ant was set to go public in Hong Kong and Shanghai on Thursday after raising about $37 billion, including the greenshoe option of the domestic leg, in a record public sale of shares

Asian indices fall as coronavirus cases surge; Wall Street declines

Stock benchmarks fell in Hong Kong, Sydney and Seoul. Tokyo was flat. Shanghai recovered from early losses to edge higher

China's Ant wins Hong Kong nod for $35 billion dual listing: Report

The move comes one month after Ant won approval from the Shanghai Stock Exchange for the domestic leg of the dual listing

Goldman Sachs joins Ant Group's up to $30 bn IPO banking syndicate: Report

Ant, backed by Chinese e-commerce giant Alibaba Group, plans to list simultaneously in Hong Kong and Shanghai

Alibaba's Ant Group files for blockbuster Hong Kong, Shanghai dual listing

Ant's initial public offering would be the first simultaneous listing in Hong Kong and the year-old STAR Market

Jack Ma's Ant Financial plans dual IPO, targets $225 bn valuation: Report

The share sales could raise about $30 billion in total if markets are favorable, said one of the people

ByteDance eyes Hong Kong or Shanghai listing over Tiktok ban issue: Report

Of the two venues, the company prefers Hong Kong, it says

Jack Ma's Ant seeks $200 billion value in landmark dual IPO: Report

Ant is planning to list on Shanghai's STAR market & Hong Kong

SBI to ICICI Bank, here's how many Indian banks operate in China, Hong Kong

At Hong Kong, an important financial centre in Asia, Indian banks have had business operations for decades.

China reports zero coronavirus cases on 22 May for the first time

However, there were two new suspected cases: an imported one in Shanghai and locally transmitted case in the northeastern province of Jilin.

Coronavirus: China death toll now at 80; virus spreads to Beijing, Shanghai

The newly identified coronavirus has created alarm because much about it is still unknown, such as how dangerous it is and how easily it spreads between people

Tesla's China-made cars arrive in Shanghai as firm taps key market

Musk is counting on the China plant to help build on recent momentum for the company in the world's largest market both for EVs and autos

SBI (Shanghai) becomes 1st Indian bank to link up with China payment system

The CNAPS, launched in 2008 by People's Bank of China provides real-time settlement services for all payments cleared in mainland China, as well as in all clearing banks in offshore yuan centers

Shanghai's Nasdaq-style tech board to take listing applications from Mar 18

Shanghai's Nasdaq-style Science and Technology board marks a radical shift