1. syamfx2020

    Ant’s IPO could surpass Saudi Aramco

    Chinese fintech and payments giant the Ant Group is going to IPO in October. It aims to raise up to $35 billion in Hong Kong and Shanghai at over a $200 billion valuation. Ant’s IPO could surpass Saudi Aramco’s US$29.4 billion IPO last December as the largest ever. Ant is the parent company of...
  2. syamfx2020

    DAILY MARKET REPORT - Wed, Sep 30, 2020

    China's official manufacturing PMI released on Wednesday; the PMI rose to 51.5 in September from 51 the previous month. Meanwhile, the Caixin manufacturing PMI edged down from 53.1 last month to 53.0 in September. EQUITIES Asian stocks trading mixed on Wednesday despite better-than-expected...
  3. syamfx2020

    China retail sales declined; while factory output rises in May

    China retail sales fell for a fourth straight month as shops, restaurants and other crowded places closed during the pandemic. Meanwhile, the industrial production data improved in last month. The National Bureau of Statistics said on Monday that industrial output in May expanded by 4.4%, a rise...