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Top related persons:
Evercore - 1 Rachel Wang - 1 Clocktower - 1 Ye Yuhua - 1 — CNBC's Michael Bloom - 1 Hua Hong - 1 Hua Hong's - 1 Chips - 1
Top related locs:
China Shanghai Beijing Hong Kong U.S Guangzhou Hua Hong's Shanghai Bengaluru
Top related orgs:
People's Bank of China - 1 Seng Index - 1 Shanghai - 1 Morningstar - 1 CNBC - 1 Baidu - 1 Li Auto - 1 Huahong Group - 1

Search resuls for: "Shanghai Stock Exchange's"


4 mentions found


☆ While Chinese stocks search for a bottom, analysts say these shares are poised to bounce
  + stars: | 2024-02-04 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +4 min
Chinese stocks have given up much of their recent gains as investors debate whether the bottom is really in. They screened for names with more than $1 billion in capitalization and expectations for earnings growth in the next two years. Such signals come at a time when Chinese stocks have sold off sharply. Chinese stocks – whether measured by those that trade in the mainland, Hong Kong or U.S. – have fallen for more than two years. "In the past Chinese companies grew rapidly, many companies' results grew exponentially," he said in Mandarin, translated by CNBC.
Persons: Evercore, Rachel Wang, Clocktower, Ye Yuhua, — CNBC's Michael Bloom Organizations: People's Bank of China, Seng Index, Shanghai, Morningstar, CNBC, Baidu, Li Auto Locations: U.S, Beijing, Hong Kong, China, Shanghai, Guangzhou
☆ Shares of China's second largest chip foundry Hua Hong jump 13% in Shanghai debut
  + stars: | 2023-08-07 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +2 min
Shares of the chipmaker opened on the Nasdaq-style Star Market at 58.88 Chinese yuan, according to Refinitiv data. That's a 13.2% jump from its offer price of 52 Chinese yuan ($7.23). The Shanghai-listed shares have since pared gains and were trading lower at 53.99 Chinese yuan on Monday afternoon. Hua Hong's Shanghai debut raised 21.2 billion yuan ($2.95 billion) — in what was the largest IPO in mainland China so far this year, according to EY's global IPO report. SMIC raised 46.28 billion yuan ($6.62 billion) during its IPO in 2020.
Persons: Hua Hong, Hua Hong's, Chips, Hong, Phelix Lee, Lee, SMIC Organizations: Huahong Group, Huahong, Getty, Shanghai Stock Exchange's, Semiconductor Manufacturing International Corp, Nasdaq, Morningstar Asia, Hua Locations: Shanghai, China, Hua Hong's Shanghai, Hong Kong, Beijing
☆ Chipmaker Hua Hong says China's state-owned fund to invest $414.2 million
  + stars: | 2023-06-28 | by ( ) www.reuters.com   time to read: +1 min
June 28 (Reuters) - Hua Hong Semiconductor (1347.HK) said on Wednesday China IC Fund II would participate in a proposed RMB share issue as a strategic investor by subscribing for RMB shares worth 3 billion yuan ($414.15 million), subject to allotment. China's second-largest chip foundry has established an independent board committee to consider and advise its independent shareholders as to whether the terms of the China IC Fund subscription are fair and reasonable, it said. The company said it expects the RMB share issue to enable it to enhance its production capacity and research and development capability, among other things. The Shanghai-based chipmaker had in May received Shanghai Stock Exchange's approval for a planned public share sale worth $2.6 billion, which would be the year's biggest mainland listing so far. ($1 = 7.2437 Chinese yuan renminbi)Reporting by Echha Jain in Bengaluru; Editing by Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.
Persons: chipmaker, Echha Jain, Shilpi Majumdar Organizations: Hua Hong Semiconductor, HK, China IC, China IC Fund, Shanghai Stock, Thomson Locations: China, Shanghai, Bengaluru
☆ An internet hoax has dragged a popular China stationery company into the protests against the country's harsh COVID-19 restrictions
  + stars: | 2022-11-29 | by ( Rebecca Cohen | ) www.businessinsider.com   time to read: +2 min
A fake document that circulated on Chinese social media said the country's largest stationery company would halt sales of white paper. The company quickly said the document was fake and that they would still sell A4 paper. But now a top Chinese stationery company has gotten caught up in the fervor thanks to an internet hoax. The document added that the Shanghai-based company "strongly condemns the recent 'white paper movement,'" the name given to the protests against China's restrictive COVID-19 policies. The company quickly announced the statement was fake and that it would keep selling white paper — but not before the company's stock price tumbled 3%.
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