Shanghai Stock Exchange STAR Market
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Shanghai Stock Exchange STAR Market
The Shanghai Stock Exchange STAR Market, officially known as the Shanghai Stock Exchange Science and Technology Innovation Board, is a Chinese science and technology focused equities market established on July 22, 2019. STAR has been touted as Shanghai's equivalent to America’s Nasdaq, with state media alluding to its goal as giving Chinese science and technology companies greater access to capital markets. As of July 2020, it is valued at more than US $400 billion. History Proposal and Purpose On November 5, 2018, Chinese leader and CCP general secretary Xi Jinping delivered a speech, announcing that China will "launch a science and technology innovation board (‘SSE STAR Market’) and the pilot registration-based IPO system at the Shanghai Stock Exchange." The delivery was made in the midst of the China–U.S. Trade War. On July 22, 2019, the STAR Market began operations as a board of the Shanghai Stock Exchange, 7 months after the announcement of its creation. The ...
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Stock Exchange
A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividends. Securities traded on a stock exchange include stock issued by listed companies, unit trusts, derivatives, pooled investment products and bonds. Stock exchanges often function as "continuous auction" markets with buyers and sellers consummating transactions via open outcry at a central location such as the floor of the exchange or by using an electronic trading platform. To be able to trade a security on a certain stock exchange, the security must be listed there. Usually, there is a central location for record keeping, but trade is increasingly less linked to a physical place as modern markets use electronic communic ...
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TikTok
TikTok, known in China as Douyin (), is a short-form video hosting service owned by the Chinese company ByteDance. It hosts user-submitted videos, which can range in duration from 15 seconds to 10 minutes. TikTok is an international version of Douyin, which was released in the Chinese market in September 2016. It launched in 2017 for iOS and Android in most markets outside of mainland China; however, it became available worldwide only after merging with another Chinese social media service, Musical.ly, on 2 August 2018. TikTok and Douyin have almost the same user interface but no access to each other's content. Their servers are each based in the market where the respective app is available. The two products are similar, but their features are not identical. Douyin includes an in-video search feature that can search by people's faces for more videos of them and other features such as buying, booking hotels and making geo-tagged reviews. Since their launches, TikTok and Dou ...
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KSTR Fund Details
KSTR may refer to: * KSTR-DT, a television station (virtual channel 49/34 digital) licensed to Irving, Texas, United States * KSTR-FM KSTR-FM (96.1 FM broadcasting, FM) is a radio station broadcasting a Classic Rock format. Licensed to Montrose, Colorado, United States, it serves the Grand Junction area. The station is currently owned by MBC Grand Broadcasting. KSTR is also t ...
, a radio station (96.1 FM) licensed to Montrose, Colorado, United States {{Call sign disambiguation ...
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2022 Shanghai COVID-19 Outbreak
A COVID-19 outbreak in the city of Shanghai, China began on February 28, 2022, and ended on August 7, 2022. The outbreak was caused by the Omicron variant and became the most widespread in Shanghai since the pandemic began two years prior. Authorities responded with mass COVID-19 testing and a strict lockdown of the city in an effort to uphold China's zero-COVID policy; the latter marked the largest one in the country since the lockdown of Hubei in early 2020. The outbreak caused substantial economic and social disruption across Shanghai with consequences felt elsewhere, and led to the spread of COVID-19 to other parts of China, including Beijing, Guangdong, and Hunan. Background The COVID-19 pandemic is an ongoing viral pandemic of coronavirus disease 2019. It began in early 2020 as an outbreak in Hubei province, China, which prompted a strict lockdown. The Chinese government's response since then has been to pursue a zero-COVID strategy, aiming to eliminate the viru ...
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JinkoSolar
JinkoSolar Holding Co., Ltd. () is a solar panel manufacturer headquartered in Shanghai, China. The company started out as a wafer manufacturer in 2006 and went public on the New York Stock Exchange in 2010. JinkoSolar distributes its solar products and sells to a utility, commercial and residential customers in multiple countries. JinkoSolar is a member of the Silicon Module Super League. The four other original members of the group are Canadian Solar, Hanwha Q CELLS, JA Solar, and Trina Solar. In 2021, the U.S. Customs and Border Protection United States Customs and Border Protection (CBP) is the largest federal law enforcement agency of the United States Department of Homeland Security. It is the country's primary border control organization, charged with regulating and facilit ... began blocking the import of JinkoSolar products into the United States due to concerns about the use of forced Uyghur labor. References External links * {{Energy companies of China ...
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ChiNext
ChiNext is a NASDAQ-style subsidiary of the Shenzhen Stock Exchange. The first batch of firms started trading on ChiNext on October 30, 2009. As of June 2015, there were 464 firms listed on ChiNext. ChiNext aims to attract innovative and fast-growing enterprises, especially high-tech firms. Its listing standards are less stringent than those of the Main and SME Boards of the Shenzhen Stock Exchange. History The initial proposal to establish a stock exchange for high-tech firms in China came in August 1999, which was a time when internet stocks were highly popular in the US. However, the plans were shelved for a long time, potentially due to the burst of the dot-com bubble in 2000 and the lost confidence in internet and technology stocks. ChiNext was finally inaugurated in Shenzhen on 23 October 2009. The shares of the first batch of 28 firms made their debut on ChiNext on October 30, 2009, with a Total Market Cap value of nearly 11 billion RMB and a Total Negotiable Cap. Value ...
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Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, ''Bloomberg Businessweek'', ''Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has served as editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Journal ...
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Financial Technology
Fintech, a portmanteau of "financial technology", refers to firms using new technology to compete with traditional financial methods in the delivery of financial services. Artificial intelligence, blockchain, cloud computing, and big data are regarded as the "ABCD" (four key areas) of fintech. The use of smartphones for mobile banking, investing, borrowing services, and cryptocurrency are examples of technologies designed to make financial services more accessible to the general public. Fintech companies consist of both startups and established financial institutions and technology companies trying to replace or enhance the usage of financial services provided by existing financial companies. A subset of fintech companies that focus on the insurance industry are collectively known as insurtech or insuretech companies. Key areas Academics Artificial intelligence (AI), blockchain, cloud computing, and big data are considered the four key areas of FinTech. Artificial intelli ...
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Ant Financial
Ant Group ()'','' formerly known as Ant Financial, is an affiliate company of the Chinese conglomerate Alibaba Group. The group owns the world's largest mobile (digital) payment platform Alipay, which serves over 1.3 billion users and 80 million merchants, with total payment volume (TPV) reaching in June 2020. It is the second largest financial services corporation in the world, behind Visa. In March 2019, ''The Wall Street Journal'' reported that Ant's flagship Tianhong Yu'e Bao money-market fund was the largest in the world, with over 588 million users, or more than a third of China's population, contributing cash to it. In October 2020, Ant Group was set to raise US$34.5 billion in the world's largest IPO at the time, valuing the company at US$313 billion. On the eve of the IPO, China stopped the process from moving forward. It was reported that the Chinese Communist Party leader Xi Jinping personally scuttled the Ant IPO. On 12 April 2021, ''The Wall Street Journal'' report ...
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Semiconductor Manufacturing International Corporation
Semiconductor Manufacturing International Corporation (SMIC) is a partially state-owned publicly-listed Chinese pure-play semiconductor foundry company. (published 05-09-2019) (published 05-24-2019) It is the largest contract chip maker in mainland China. SMIC is headquartered in Shanghai and incorporated in the Cayman Islands. It has wafer fabrication sites throughout mainland China, offices in the United States, Italy, Japan, and Taiwan, and a representative office in Hong Kong. It provides integrated circuit (IC) manufacturing services from 350 nm to 7 nm process technologies. State-owned civilian and military telecommunications equipment provider Datang Telecom Group as well as the China National Integrated Circuit Industry Investment Fund are major shareholders of SMIC. Notable customers include Qualcomm, (published 05-25-2019) Broadcom, and Texas Instruments. History SMIC was founded on April 3, 2000, and is headquartered in Shanghai. It was incorporated in the ...
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Chinese Securities Law
Chinese can refer to: * Something related to China * Chinese people, people of Chinese nationality, citizenship, and/or ethnicity **''Zhonghua minzu'', the supra-ethnic concept of the Chinese nation ** List of ethnic groups in China, people of various ethnicities in contemporary China ** Han Chinese, the largest ethnic group in the world and the majority ethnic group in Mainland China, Hong Kong, Macau, Taiwan, and Singapore ** Ethnic minorities in China, people of non-Han Chinese ethnicities in modern China ** Ethnic groups in Chinese history, people of various ethnicities in historical China ** Nationals of the People's Republic of China ** Nationals of the Republic of China ** Overseas Chinese, Chinese people residing outside the territories of Mainland China, Hong Kong, Macau, and Taiwan * Sinitic languages, the major branch of the Sino-Tibetan language family ** Chinese language, a group of related languages spoken predominantly in China, sharing a written script (Chinese c ...
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