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U.S GLOBAL ASSET MANAGER BLACKROCK DE-REGISTERS FROM SHANGHAI UNIT
Highlights –
- U. S Global asset manager BlackRock de-registers from Shanghai unit.
- It voluntarily cancelled the business registration of its WFOE unit in Shanghai.
- China had opened its mutual fund industry to foreign managers last Apri...
Moutai saw its share price fall 4.5 percent on New Year's first trading day
Kweichow Moutai (600519.CN), China's top liquor brand, saw its share price fall 4.5 percent on New Year's first trading day, despite a strong overall market, after the firm said its sales and earnings were expected to increase by about 15 percent in 2019.
Although 15 percent may...
Finance tech to grow the Chinese economy in the near future ?
Chinese economy which has been a role model for economic growth in the past two decades just celebrated 70 years of its economic excellence and economic growth that the nation has amassed over the years. The most important aspect of the Chinese economy is the manufacturing sector of the nati...