The launch of the Chinese stock exchange for technology companies is scheduled for July 22 this year. The exchange will work by analogy with the American Nasdaq. The Chinese authorities hope that its launch will contribute to the fact that over time, technology companies will begin to give it preference for an IPO compared to the exchanges of New York and Hong Kong. As the Shanghai Stock Exchange reported, at the first stage, the shares of 25 companies will be traded on the new platform, and the new mode of initial public offerings will be tested. China also intends to use the exchange of technology companies to reform capital markets. As previously reported, more than 100 companies have already applied for an IPO on this exchange.
The dollar firmed on Thursday as a decline in Chinese retail sales worried investors, while the rest of the market anticipates the EU summit this weekend. The euro was down 0.1% to $1.1401, while the dollar stood at 106.95 on the yen. The ...
The U.S stocks increased on Wednesday and large technology companies lifted Nasdaq to another record close as investors continued to shrug off higher numbers of coronavirus cases in the United States. The Nasdaq Composite Index, led by Amazon.com ...
Asian shares hit four-month highs on Monday as investors relied on liquidity and market stimulus to support global economic recovery despite the surge of new cases in the United States. MSCI’s broadest index of Asia-Pacific shares outside ...
Wall Street’s three major indexes soared on Tuesday as improving economic data and the prospect of larger stimulus increased hopes of fast economic recuperation. More so, the Nasdaq reached another record high backed by a jump ...
Chinese factories sustained their upbeat performance for another month in May. This followed as the country shook off the economic disruptions brought by the novel coronavirus crisis. However, figures indicated that recuperation would not ...