SHENZHEN STOCK EXCHANGE
China's xFusion clears key review for $1.2 billion IPO on ChiNext
Chinese AI server maker xFusion Digital Technologies has cleared a key Shenzhen Stock Exchange review for its proposed $1.2 billion ChiNext IPO. However, regulators raised questions about margins, growth sustainability, customer concentration and technology capabilities.
NSE shares rise 2%, recover 20% from record low in less than a month. Why Motilal Oswal sees 19% upside
NSE shares hit a record high of Rs 1,965, recovering 20% from their recent low. Motilal Oswal initiated coverage with a Buy rating and a target price of Rs 2,300, citing structural growth opportunities, market leadership and improving earnings prospects.
He left his teaching job to make adhesive tapes; now Crown New Materials' 787% IPO surge has made him a billionaire
He once worked as an elementary school teacher. Today, Mai Huiquan and his sister Mai Huixia are at the centre of one of China's biggest stock market debut stories. Their company, Crown New Materials, saw its shares jump 787% on November 3, turning its IPO into a major talking point among investors.
China tape maker stock debut: Chinese firm that deals with Apple, Tesla, BYD saw stock price surges 787 per cent after IPO, makes former school teacher, sister billionaires
Crown New Materials Technology is provider of adhesive materials to Apple, Tesla, BYD. During the first day's trading, Crown New Materials Technology made an astronomical gains of 787 per cent.
Global Market: China's Lingjun Investment attracts $300 million from overseas investors
China’s Lingjun Investment has raised at least $300 million from US and Southeast Asian investors as it resumes overseas fundraising. Strong fund returns and AI-driven interest support growth, while regulatory scrutiny makes governance and risk management critical.
Chinese stock market enters bear territory! CSI 300 index crashes 20% from June peak
China’s CSI 300 index entered bear market territory on Thursday, falling 20% from its June peak amid concerns over taxation policies, slowing economic growth and weak corporate earnings. Geopolitical uncertainty and fears of an artificial intelligence bubble have added to investor anxiety, though some analysts expect a potential rebound in 2027.
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Global Market: Chinese stocks struggle near one-year lows as policy support disappoints
Chinese blue-chip stocks stayed near one-year lows despite Beijing’s latest credit, mortgage and investment support measures. The CSI 300 was headed for its steepest quarterly decline since 2022, while property and technology shares remained under pressure. Weak domestic demand, subdued trading ahead of the holiday and limited investor confidence continued to weigh on markets.
Market rout deepens as crude surge, high US yields batter Indian equities
The Indian stock markets faced a notable downturn on Monday as fears over escalating oil prices and rising US bond yields loomed large. The NSE Nifty 50 plummeted by 1.56%, marking its lowest close for the fiscal year. The BSE Sensex also dipped by 1.48%, leading to significant market capitalization losses.
China's RoboTechnik to launch $800 million Hong Kong listing on September 21
RoboTechnik, which is listed in Shenzhen, makes equipment for photovoltaic cell manufacturing and assembly and testing systems for silicon photonics devices used in optical interconnects for data centres and artificial intelligence infrastructure.
Global Market: China Resources New Energy shares soar on Shenzhen debut after $3.6 billion IPO
China Resources New Energy's stock soared nearly threefold on its Shenzhen debut, raising a massive 24.5 billion yuan in Asia's largest IPO this year. This strong performance, despite a weaker broader market, signals growing investor confidence and Beijing's push to revitalize domestic capital markets. The renewable energy firm's successful listing, fueled by immense retail demand, could pave the way for more significant offerings.
Global Market: China Resources New Energy's Shenzhen IPO set to rewrite listing records
China Resources New Energy has priced its Shenzhen IPO at 10.11 yuan per share and could raise up to 24.5 billion yuan, making it the largest IPO in Shenzhen Stock Exchange history. The renewable energy developer plans to use the proceeds to fund new wind and solar projects across China.
Huawei to move smart car operations to new joint company with Changan
The new company will engage in research and development, production, sales and service of intelligent automotive systems and component solutions, Huawei said in a press release.
China's EV giant BYD sees Q3 profit more than quadrupling, shares jump
BYD's Hong Kong shares gained 4% on Tuesday morning while its shares in Shenzhen climbed 5%.
Evergrande agrees deal to avoid default on key bond: Company
Evergrande's property unit Hengda has said it had negotiated a plan to pay interest due on its 2025 bond, which Bloomberg News calculated was worth $35.9 million.
China shares end higher, boosted by financial, material stocks
The smaller Shenzhen index ended up 1.19% and the start-up board ChiNext Composite index was higher by 1.33%.
China shares end at five-week high on brokerages boost, PBOC injections
At the close, the Shanghai Composite index was up 2.34% at 3,438.80 and the blue-chip CSI300 index added 2.35%. Both indexes notched their highest closes since July 13.
Who says 2018 a dull year for IPOs? India ranks 2nd globally
You might be missing out on a mega trend, which is the emergence of primary market for SMEs.
New tariffs drive China shares lower; property firms drop on pre-sale system review
Shares of Chinese property developers plunged; real estate sub-index lost 4.4 per cent
China stocks rebound; tech shares surge on policy support hopes
China's blue-chip CSI300 index closed up 2.5 per cent, recouping Wednesday's losses.
India, China battle for Asia dominance spreads to stock exchanges
China is implementing a strategy of quiet encirclement of all potential rivals in Asia.
Bangladesh's DSE approves China's bid; rejects India's offer
Shanghai and Shenzhen stock exchanges are among the top bourses in the world boasting $3.5 trillion and $ 2.2 trillion market capital, respectively.
India's biggest bourse keen to buy stake in Dhaka stock exchange
India is trying to match the Chinese exchanges expanding clout over south Asian bourses.
Consortium of Chinese companies buys stake in Pak bourse
The consortium, including three bourses China Financial Futures Exchange, Shanghai Stock Exchange and Shenzhen Stock Exchange, picked up a 30% stake in PSX.
Inclusion of China A-Shares in MSCI EM index to come at the cost of India
If China’s A-shares are included, the weight of China is likely to increase 13% to 38% while India’s weight could come down to 6.4% from the current 8.1%.
Shenzhen-Hong Kong stock connect a natural development: Raymond Yeung
Given the fact that the Shanghai-Hong Kong stock connect had already been implemented last year, this is pretty much a natural development, says Yeung.
China's LeTV plans foray into Indian mobile market
The company with an employee strength of 5,000 has a market capitalisation of around $12 billion on the Shenzhen Stock Exchange.
China's Yuan full convertibility pilot run in Shenzhen
China has launched a pilot programme to implement full convertibility of the yuan. It has selected Shenzhen to run the pilot programme.
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