9/11 Financial News: CCP claims to support its state-owned companies

Image source: https://www.ft.com

1, Wall Street ends lower for fourth session out of five. Investors parse failure of latest US stimulus bill and lack of ECB action against strong euro.

2,Fast-food group Yum China’s stock fell as much as 6.3 per cent on its Hong Kong debut, as the market struggled to digest the latest “homecoming” listing of a Chinese company. Shares in Yum China, which operates KFC and Pizza Hut restaurants in the world’s second-biggest economy, slipped on Thursday after the group raised about $2.2bn earlier this month.The stock ended trading 5.3 per cent lower, while the broader Hang Seng fell 0.6 per cent.

3,China’s largest technology and financial services companies are stepping up efforts to expand in Singapore, as doors slamming shut on mainland groups in the US and India make the Asian finance hub crucial for international growth. Alibaba-backed Ant Group, China’s second-largest brokerage Haitong Securities, Huawei’s cloud division and Tencent-backed digital bank WeBank are among the companies that have in recent months approached Singapore’s industry groups about becoming members or partnerships.

4,Sen. Marco Rubio told on Thursday that China’s acquisition of the U.S. vitamin company GNS “needs to be reviewed”

5, CCP’s State-owned Assets Supervision and Administration Commission of the State Council (SASAC) published an announcement on Sep. 11, claiming that CCP would continue supporting its state-owned companies and made them even bigger, which shows CCP has no interest to transform to a free market environment.

By:【G Translator – Financial and Law team】

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123456l
2 months ago

ccp must go to hell

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armor
2 months ago

CCP Virus ,CCP Lied,The world people died.Take down the CCP !
 
The New Federal State of China ! Everything has begun !
 
Action ! Action ! Action !

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灭共52165 新中国联邦

ccp must go to hell

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