Five Chinese state-owned giants on Friday separately announced plans to delist their American depository shares (ADS) from the New York Stock Exchange (NYSE), drawing widespread attention amid escalating China-US tensions and constant US crackdowns on Chinese companies, including a push to potentially delist hundreds of Chinese firms in what many call a
Shares of Chinese electric vehicle (EV) giant BYD fell by nearly 12 percent on Tuesday on speculation that Warren Buffett’s company may be dumping its BYD holdings.
Public equity funds all the rage among youth By LIU YUKUN and ZHOU LANXU | China Daily | Updated: 2021-03-17 07:07 Share CLOSE Suddenly everyone around me started talking about funds, even for those who had zero experience. It s interesting that talking about funds is now a good conversational icebreaker. [Photo/Sipa]
High-profile star managers leading frenzy of activity, attracting people into the fast-growing market in China
It s human nature to want to make an easy buck.
But things can get complicated when a surge of mainly young investors jump headfirst into China s rapidly growing public equity fund market, attracted by star fund managers, who manage bourse-buying decisions on behalf of investors.
SOURCE / ECONOMY By Global Times Published: Jan 18, 2021 12:56 PM Updated: Jan 18, 2021 03:02 PM
Investors are seen at a stock trading hall in east China s Shanghai. File photo: Xinhua/Zhuang Yi
Chinese stock boards surged on Monday, bouncing back into the green from red territory following upbeat news of the Chinese economy s 2.3 percent growth in 2020, which made China the only major economy in the world to achieve positive growth in a year afflicted by the coronavirus outbreak.
By the end of the close session, the Shanghai Composite Index rose by 0.84 percent to 3,596.22 points; the Shenzhen Component Index rose by 1.58 percent to 15,269.27 points, while the tech-heavy ChiNext board rose by 1.92 percent to 3,149.20 points.