China Finance

Beijing Stock Exchange could be an alternative to SPAC listings by innovative Chinese tech companies, trade group says

A new stock exchange slated for Beijing could be a potential alternative for emerging Chinese tech companies that may consider going public through Special Purpose Acquisition Companies (SPACs), especially as China is monitoring listings more closely. overseas in the sector, according to an influential trade group and market watchers. Unveiled …

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Fitch Downgrades China Evergrande, Sees “Likely” Default

By Andrew Galbraith (Reuters) -Fitch Ratings lowered the ratings of China Evergrande Group and two of its subsidiaries on Wednesday, the latest in a series of downgrades targeting the real estate company amid concerns over its ability to restructure its massive debts. Regulators have warned that Evergrande’s liabilities of 1.97 …

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Chinese credit beats Asian peers as Huarong worries fade

(Bloomberg) – Despite China’s regulatory crackdown on private companies and the China Evergrande group’s worsening woes, the nation was the place to go in Asia for corporate bond yields in August, and the optimism could persist. That’s because one of the worries hanging over the nation’s bond investors eased after …

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Business News | Stock market and stock market news

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Stocks stretch gains, hovering near record highs

Stocks gained on Tuesday, hovering near all-time highs as optimism about earnings and the economic reopening at least temporarily offset lingering concerns about the virus and monetary policy changes. The S&P 500 rose slightly. Major tech stocks including (AMZN) increased their gains and the Nasdaq outperformed to set an intraday …

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