AI powerhouse Sensetime is first hit by sanctions and is now postponing its IPO indefinitely. The Chinese AI star company has lost its innocence as a tech pioneer by supplying surveillance equipment.
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Through VIE companies, Chinese firms can trade their shares on foreign stock exchanges. The authorities now plan to crack down on this. They are concerned that domestic tech companies working with sensitive data could become too international.
By Ning Wang
The Beijing Stock Exchange began operations on Monday. As the third pillar of the capital market alongside the stock exchanges in Shanghai and Shenzhen, it is intended to facilitate access to financing for small and medium-sized enterprises in particular, while assisting innovations of China's hidden champions.
By Redaktion Table
SenseTime is the first big-name Chinese startup to go public since the dawn of tech crackdowns. Because the company offers surveillance software, it is under pressure outside the country. But Beijing could also make life difficult for the company
By Redaktion Table
When it comes to China's stock markets, there is often talk of a bloodbath. However, it was mainly Chinese internet companies that went downhill while producers of solar cells, wind power and electric cars are experiencing a boom.
By Redaktion Table
The stock exchange in China is divided among three exchanges on the mainland (Shanghai, Shenzhen and Beijing) and one in the Hongkong Special Administrative Region: - Shanghai Stock Exchange (SSE) was established in 1990 and is the fourth largest stock exchange in the world. It is considered the birthplace of securities trading in China. Thus, it is the most important stock exchange in mainland China. - Shenzhen Stock Exchange (SZSE) was also established in 1990 and is the second largest stock exchange in mainland China. - The Hongkong Stock Exchange has been an integral part of the international financial markets for decades. It is the third largest Asian stock exchange after Tokyo and Shanghai and the seventh largest in the world. In contrast, the Shanghai and Shenzhen stock exchanges have comparatively weaker links with foreign countries. - In 2021, the fourth stock exchange in China and the third on the Chinese mainland was opened: the Beijing Stock Exchange. The Beijing Stock Exchange is to become the number one stock exchange for medium-sized technology and industrial companies. Internationally, it is initially to play a secondary role, but in China it is to be all the more important. Stock exchange in China: From IPOs to economic & development to stocks & investments - China stock exchange news up to date from Table.Redaktion.
