New York-listed Eggshell has a great fall

New York-listed Eggshell has a great fall

(ATF) Eggshell Apartments was the first Chinese stock to be listed on the New York Stock Exchange in 2020. Touted as China’s leading internet platform for long-term rental apartments, the company, known in English as Danke Apartments, landed on the world's most famous stock exchange with the stock code “DNK.” …

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Baoshang, China's first commercial bank to go bankrupt

First bankruptcy of a commercial bank in China

(ATF) Baoshang Bank, which has been described as serving as an “ATM” for billionaire Xiao Jianhua’s Tomorrow Holdings conglomerate, has started bankruptcy proceedings after regulators took control of the Inner Mongolian lender in May 2019 because of its serious credit risks. The China Banking and Insurance Regulatory Commission agreed that …

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Rare earth stock soars as US-China standoff continues 

Rare earth stock soars as US-China standoff continues 

(ATF) Listed rare earth companies are roaring ahead on China’s stock markets in the build up to new rare earth export rules expected in early December. According to statistics from the Securities Times Databao, Northern Rare Earth (600111 ) saw ‘super-large single net inflows’ of 879 million yuan, on November …

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China state planner orders probes into NEV projects

China state planner orders probes into NEV projects

(ATF) While a surge in Tesla stocks has driven extraordinary volumes in US-listed shares of Chinese electric vehicle makers Nio, XPeng and Li Auto, China’s state planner has told local governments to investigate new energy vehicle (NEV) projects linked to property developers Evergrande Group and Shenzhen Baoneng. The National Development …

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China’s space mission a Long March to superpower status

China’s space mission a Long March to superpower status

China launched the first Moon surface-return mission Monday, one that will not only see it bring back a huge lump of lunar rock but also cement China as a space-race superpower. The Chang'e 5 probe took off from the Wenchang Space Launch Center, Wenchang, on Hainan island province. It was …

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China's Alibaba, JD.com and Tencent could face break-up

China's Alibaba, JD.com and Tencent could face break-up 

(ATF) More insight has been given into the thinking of Chinese regulators behind the suspension of the huge IPO planned by Ant Finance early in November. Indeed, a commentary printed in the Communist Party’s top mouthpiece, the Peoples’ Daily, today (Nov 23) proposed breaking up big multi-faceted platforms like Alibaba, …

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JD Health eyes larger piece of digital health pie in $4bn IPO

JD Health eyes larger piece of digital health pie in $4bn IPO

(ATF) E-commerce giant JD.com’s healthcare spinoff has received the green light for an initial public offering, which is expected to be the biggest on the Hong Kong Stock Exchange since Ant Group’s IPO was derailed. JD Health’s listing is estimated to raise $4 billion, and subscription is expected to begin …

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